BROADWAY: THE LAST MILE SHARE APPEAL – HUGELY POPULAR IN FIRST WEEK
It is one week since the launch of the share issue on 6th April by our president, Pete Waterman.
At the end of the day on 13 April, one week later, our railway has received £251,000 in share purchases – that’s 20% of what is needed to complete the project and run steam trains once again into Broadway!
It is great to see in these share purchases many new shareholders, many of our own volunteers coming forward to buy shares and many purchases from all over the country not just our local area. It just shows the affection in which our railway is held!
We have already placed orders for the civil engineering works identified as necessary from Laverton as far north as Childswickham Road bridge.
Shortly we will be placing our first order for rail with the new British Steel Company at their Scunthorpe works. Rail is, as you know, the largest element of the project funding and it is our intent to buy British steel for a British Heritage railway and we are therefore watching the price and availability closely.
We will naturally feel more comfortable once we have sufficient funds in place to act quickly if we see an advantageous price or delivery opportunity develop.
Our admin team are working flat out on processing share requests so please be patient if you do not receive a rapid response.
Please keep the applications rolling in – 20% is a great start in the first week but we have a long way to go yet!
Thanks for your support and I will keep you posted on progress.