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The long awaited overhaul of 2047 began in with a move to Bridgnorth in November 2010. In 2013 quotations between £61,390 and £101,433 were obtained for the new boiler with an estimate of overhaul cost from the SVR of £184,306.<ref>[https://davidncooke686.jimdo.com/7-wilt-registered-charity-no-1041723/ 'WILT' page, David Cooke's website] (retrieved 17 February 2018)</ref> The overhaul progressed at [[Bridgnorth Loco Works]], with re-wheeling taking place in December 2018. A number of components were moved to [[Bewdley]] and on 25 November 2018 the original boiler, smokebox and saddle tank were there moved on [[GWR 42343 Machinery Flat|Loriot N 42343]]. On 28 March 2019 the locomotive chassis was moved by [[BR Class 33 33108]] from Bridgnorth to [[Bewdley Down Yard]] for restoration to continue.
After arrival at Bewdley, the cab roof and sides were removed in October 2019 and brake gear was re-fitted to frames in November 2019. New bufferbeam profiles were delivered in early 2020. {{As of|2021|03}} an order for the new boiler is anticipated to be placed in mid-2021 with delivery due in 2023/24. 2047 was shunted under cover on 30 March 2021, talking the place formerly occupied by [[4150|GWR Large Prairie 4150]].<ref>[http://wilt.jimdo.com/7d-mw2047-restoration-progress/ WILT Restoration page]</ref> Pictures of progress can be seen on the [http://wilt.jimdo.com/7d-mw2047-restoration-progress/ Warwickshire Industrial Locomotive Preservation Trust web site 2047 restoration page].
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