We need your help more than ever!
The unprecedented situation we all face with the Coronavirus pandemic is changing on a daily basis. I sincerely hope that you are well and managing to cope with the necessary restrictions that have been placed on us by the Government.
This crisis has hit the Severn Valley Railway very hard. With the Railway now closed, our income from visitors has disappeared. We don’t know how long this situation will continue. Furthermore, it comes on the back of the flooding a few weeks ago, and the fact that we had to close the line between Kidderminster and Bewdley because of essential repairs to Falling Sands Viaduct. The consequent 75% drop in passengers in our first weeks of operation this year meant we were already up against things.
The SVR is fighting for its survival, and we need to ensure the SVR can stay afloat in the weeks and months to come, so that when the restrictions are lifted, we’ll be able to re-emerge as one of the country’s leading heritage railways.
We will take advantage of the Government scheme to underwrite 80% of salary costs, and have already put most of our paid staff on furlough. No business rates will be payable for the next year.
But even with these measures, we need to find £250,000 to keep the Railway ticking over for the next three months.
At this time of national emergency and widespread worry, it is difficult to ask for your help. However, without it our SVR may not survive. Please will you consider buying SVR shares, or add to your existing shareholding.
To purchase SVR Shares, please download the application form here: svr.co.uk/shares
Please keep safe and well, and take comfort in the thought that together we will make sure this wonderful heritage railway will be back in service in the future.
Thank you for your support in our time of need,
Nick Paul CBE, Chairman
26 March 2020
The Severn Valley Railway (Holdings) PLC Board can allot shares when approached, from time to time, by people wishing to subscribe for shares.
SVR's Share Registrars are:
Neville Registrars Limited,
West Midlands, B62 8HD
Share Enquries: 0121 585 1131
Page updated on: 28/03/20
On the Web
SVR webpage http://www.svr.co.uk/Shareoffer