Trustworthy, administrator
6,651
edits
Changes
£906,000 from the Culture Recovery Fund
*During August [[Head Office|Comberton Place]] offices were closed to visitors.<ref name="blsep20">[https://www.svrlive.com/blsep20 Branch Lines, September 2020]</ref> The same month the SVR submitted an application to the [https://historicengland.org.uk/coronavirus/funding/recovery/ Historic England Culture Recovery Fund for Heritage].<ref name="blsep20"/> Tickets went on sale for an amended [[Christmas services]] programme.
*On 20 August services for September were announced, on a Wednesday to Sunday basis, and also including a diesel diagramme (the first diesel passenger services in 2020). A limited number of seats in open carriages was included, for groups of 1-4 passengers. By mid-September variations on the plan were announced for October (Friday to Sunday, plus half-term and Ghost trains) and November (weekend) services.
*On 9 October the SVR was awarded £906,000 from the Culture Recovery Fund<ref>[https://www.gov.uk/government/news/445-heritage-organisations-saved-by-103-million-investment-from-government Department for Digital, Culture, Media & Sport] (Retrieved 9 October 2020)</ref>.
==Effects on the SVR==
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 stood to 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> In mitigation, it successfully applied to HSBC for a £1.5 million loan under the CBILS scheme, which alongside its existing overdraft facility would mean £2.5 million available. The SVR Charitable Trust won a [[:Category:Lottery funding|National Lottery Heritage Fund]] grant to support the reopening of the Railway.<ref name="blaug20">[https://www.svrlive.com/blaug20 Branch Lines, August 2020]</ref> Wyre Forest District Council awarded the Railway £50,000 under its discretionary business grant scheme but, even after donations and grants, by September SVR(H) had still lost £2.8m in revenue.<ref name="bloct20">[https://www.svrlive.com/blaug20 Branch Lines, October 2020]</ref>It later received £906,000 from the Culture Recovery Fund.
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"/>.
