Broadway share offer hits £1m

THE Gloucestershire Warwickshire Railway’s share issue to finance its northern extension to Broadway may have passed the £1 million mark by the time this issue hits the newsstands.

An evening view of the new Broadway station taking shape in late December. JO ROESEN/G/WR

Chris Bristow, the railway’s volunteer finance director, is to say it mildly, thrilled with the result. “We had budgeted to have sold £900,000 worth of shares by Christmas and we had exceeded that by more than £50k.

“But it is important that we raise all of the £1.25m we need – not just to finish the track to Broadway, but to complete works on the station building so that we will have a functioning station by the time we open on March 30, 2018.”

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However, he warned that the project now faced the same problems that beset the heritage line in past years, with landslips at Gotherington and Winchcombe.

He said: “There remains significant work to do – not least of which is some important stabilising works on the high embankment just south of Broadway station. There have been signs of movement in the earthworks – but given our past experience of problematic embankments on the line, we are confident that we can carry out this work to a high standard that will serve the railway well over the next century.

Read more in Issue 225 of Heritage Railway – out now!

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