South Devon Railway launches share plan to raise £3 million
Proceeds will help fund new visitor facilities and an upgraded museum
South Devon's heritage railway is aiming to raise £3 million by selling shares.
In return those buying one will get two return tickets each year and help to fund new visitor facilities and an upgraded museum - while safeguarding the long-term future of the much-loved attraction.
Jon Morton, Chair of South Devon Railway, said: "Our heritage railway holds immense historical and cultural significance, and it is our collective responsibility to ensure its preservation.
"The share issue will enable us to undertake crucial restoration works, ensuring that future generations can continue to enjoy the magic of steam travel.
"Planned projects include new visitor facilities and an upgraded museum at Buckfastleigh, station improvement, locomotive restorations, a new building for carriage repairs, construction of phase two of the running and maintenance shed and initiatives to reduce environmental impacts.
"By purchasing shares, investors will not only be stakeholders in the preservation project but also become part of a community dedicated to upholding the legacy of steam travel."
The seven-mile former Great Western Railway branch line, built in 1872, runs along the River Dart between Buckfastleigh and Totnes. The minimum subscription is 250 x £1 shares and the maximum is 100,000 x £1 shares.