2020 [[SVR Passenger numbers|passenger numbers]] dropped significantly from 239,723 to 59.950. Sales income reduced by £5.25m and, even after donations and grants, it lost £460,559 in that financial year. Its debt was nearly £2,000,000.<ref name=report20>SVR(H) annual report and financial statements for the period ended 3 January 2021</ref>
The [[SVR Apprentices|SVR Junior Club]], local branch meetings and buffet and dining services were suspended through 2020 and 2021.
In 2021 its February half-term, Easter and services to early April were all lost, with later reopenings for its museums and pubs. It had restricted passenger numbers until 7 September. Its expected loss in 2021 was projected to exceed that of 2020, and it was applying for further Cultural Recovery Fund monies.<ref name=blsep21/> Repayment of the CBILS loan started in October 2021 at £28,000 per month<ref name="report20"/>. The financial position contributed to increases in shares thresholds for [[Severn Valley Railway (Holdings) PLC#Benefits_from_2022|shareholder travel benefits]].