Vintage Trains is an educational charitable trust which promotes express steam trains on the national railway network for tourists. The Vintage Trains workshop, based at the 1908 original Great Western Railway depot in the West Midlands, overhauls steam locomotives to national standards. Vintage Trains’ activities involve volunteers from all walks of life, supervised and trained by railwaymen and engineers, passing on their skills to the next generation.
Vintage Trains sought to raise community share capital, in order to start their own passenger train operating licence, grow the number of tourist trains operated and increase their workshop capacity.
Sporting Assets supported Vintage Trains by helping them prepare the business plan and share offer document needed to gain the community shares standard mark. This had to be completed in a very short period of time in order to fit in with the overall plan.
The outcome was that Vintage Trains were awarded the standard mark, and were able to launch the community share offer to the public on schedule in late 2017. Vintage Trains subsequently succeeded in securing the £800k minimum needed for the venture to proceed, and were granted a licence to operate passenger charter trains on the national network by the Office of Road & Rail on 4th September.