Vintage Trains runs Tyseley Locomotive Works (below) in Birmingham, restores and cares for its collection of historic steam engines and carriages, preserving traditional skills and ensuring steam locomotives from a bygone era remain in service for people to enjoy. The company has promoted express steam train excursions to destinations including York, Oxford and the Cotswolds for a number of years.

It launched the share offer in January intending to set up a train operating co-operative, in a move expected to create up to 11 full-time roles. The firm is now within touching distance of its first target of £800,000 which will allow it to establish itself as a train operating company and be in control of its own destiny. More than £600,000 has been raised by its share sale to date. Other funds to be raised will be used to invest in teaching traditional railway skills and to preserve the historic fleet of steam locomotives.

Curzon Street Station

Community share members will have voting rights, travel benefits on the company’s services and, after six years, members may also have the opportunity to receive interest payments on their shares and to withdraw their capital.

Adrian Shooter, the former chairman of Chiltern Railways who will chair the Vintage Trains operating company, said: “There is still time to get involved in this unique opportunity and own a piece of history whilst helping us to train young engineers, and continue the investment in our fleet of locomotives and carriages.”

Through the share offer and investment, Vintage Trains said it was hoping to boost Birmingham’s tourist economy through an increased programme of trips and additional services and will work to deliver a heritage gateway to the city, incorporating the grade I listed 1832 Curzon Street station and the 1906 Moor Street station terminus (above).

For the share offer see: http://www.vintagetrains.co.uk/offerinfo.aspx

 

 

 

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