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SOUTH TYNEDALE ENDOWMENT 2015
In 2014 STRPS was awarded £1M by HLF Catalyst Endowment. With 4 years to raise £1M in private match funding for a new £2M endowment, income is for maintenance/repair of STRPS 85+ heritage assets.
In 2014,BIG GIVE DONORS raised >£40k. BIG GWF doubled this to >£87k. HLF doubled this AGAIN to £175000.
January 2014 - December 2017
Charity information: South Tynedale Railway Preservation Society
The Society is responsible for more than 35 station buildings, stone bridges, viaducts and major culverts along 5 miles of railway, which were originally built by the Newcastle and Carlisle between 1849 and 1852.
When the railway reaches Haltwhistle (target 2022), the Society will be responsible for a total of more than 85 structures of this type. The STR is also responsible for the conservation, maintenance and repair of numerous heritage steam, diesel and electric locomotives and artefacts.
Subject to fund-raising, this Project will create a new and enduring £2M (minimum) endowment. Invested for income and for growth, the income (£100,000pa at 5%) will be used for planned preventive maintenance and repair of STRPS 85+ heritage assets; avoiding dependence on accumulated revenue reserves and the risks associated with being dependent on grants for core costs or when occasional emergencies arise.
To raise £1M of private match funding by 31st December 2017.
Activities» This appeal for donations.
» Big Give Garfield match funding programme December 2015.
» South Tynedale Developments CIC Community Share Issue - 2015-17. (with Plunkett Foundation, UNW LLP, SE Acumen, supported by BLF Big Potential Advance
» Regular donors appeal.
What success will look like
Raise £1m minimum by 31st December 2017
To invest a minimum of £2M in the new South Tynedale Endowment by June 2108.
Activities» Invest part of the Endowment Fund in local community businesses, social enterprises and community initiatives, with independent support.
» Invest part of the Fund with blue-chip, accredited investment managers.
What success will look like
Invest £2M minimum from 30th June 2018
Sustained conservation, management and use of almost 100 heritage assets owned by STRPS in perpetuity.
Access to unprecedented levels of financial support, business and community development support fro community business in some of the most disadvantaged and rural most areas in the UK.
Match funding from HLF is solely dependent on raising private sector donations. Every £1 raised will be matched by £1 from HLF up to a maximum of £1M.
Regualr STRPS Bulletins and Quarterly "Tynedalesman" newsletter.
Online newsletter, social media and email subscription.
Budget - Project Cost: £1,000,000Loading graph....
Amount Heading Description £1,000,000 Private Match Funding To match up to £1M from the HLF Catalyst Endowment Programme
South Tynedale Railway, Alston Cumbria and railway formation presently 5 miles north to Slaggyford Northumberland; but by 2022, 13 miles from Haltwhistle Northumberland.
Alston Moor / South Tynedale are among the top 10% rural most remote and disadvantaged communities in the UK.
South Tynedale Railway is the major and growing tourist attraction and contributor to the local economy.
Direct benefit to:
a) The resident population of Alston, Moor, South Tynedale, Haltwhistle and the wider North Pennines AONB;
b) The visiting population of up to 50,000 tourists per annum, from UK and beyond.
Indirect benefit to:
c) Other heritage railway communities and the wider heritage, environmental and conservation movement;
d) Heritage Lottery Fund programme development team and others seeking alternative funding regimes to support heritage conservation in the UK.
STRPS is the only heritage steam railway in the North Pennines AONB.
The STR is focussed on becoming the only "green" railway in Europe - eg: using solar Pv generated electricity to power railway locomotives instead of diesel (attracting FiT's) AND burning processed woodwaste briquettes in place of coal in heritage steam locomotives.
By 2022, the STR will be the UK's only self-sustained community railway, providing a vital transport link all year round with the national railway network.
Read more about the Charity running this project.
STRPS Trustee, Projects Coordinator and currently both Deputy Chairman and Assistant Treasurer
STRPS General Manager
STRPS Accounts Administrator
STRPS Chairman, Trustee and Infrastructure Superintendent
Generates £500; a legacy for South Tynedale.