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2020 coronavirus disease (COVID-19) pandemic

313 bytes added, 10:10, 2 August 2020
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The SVR also announced it would not be able "to make our crucial annual investment into the Railway. This amounts to £4.5million, and funds essential restorations to our infrastructure and rolling stock, along with apprentice training and a desperately needed overhaul of our IT infrastructure"<ref>[https://www.railadvent.co.uk/2020/04/severn-valley-railway-future-safe-as-416000-raised-in-appeal.html? Holden, M., Rail Advent 17 April 2020] (Retrieved 18 April 2020)</ref>.
The Railway could lose up to £6 million income in 2020.<ref>[https://www.shropshirestar.com/entertainment/attractions/2020/06/11/severn-valley-railway-to-reopen-in-august/ Shropshire Star 11 June 2020] (Retrieved 21 June 2020)</ref> It successfully applied to HSBC for a £1.5 million loan under the CBILS scheme, which alongside its existing overdraft facility would mean £3 million available. The SVR Charitable Trust applied for won a [[:Category:Lottery funding|National Lottery Heritage Fund]] grant to support the reopening of the Railway.<refname="blaug20">[https://www.svrlive.com/epjun20 Express Pointsblaug20 Branch Lines, June August 2020]</ref> With the intervention rate for furlough payments dropping from 1 August 2020 the SVR made up to 40 roles redundant among salaried and zero hours staff who were unable to return to their previous roles, and for whom the Railway was unable to find alternative employment<ref name="blaug20"/>.
==See also==
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