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‘P2’ fundraising receives two-thirds of £5m target

THE A1 Steam Locomotive Trust (A1SLT) has announced it has received pledges for more than two-thirds of the £5million required to complete its new-build Gresley ‘P2’ 2-8-2 No. 2007 Prince of Wales. 

Since its launch in late-September 2013 around 930 supporters have signed up to the ‘P2 for the price of a pint of beer per week’ (£2.50 each week) covenant scheme, which nets more than £205,000 per annum. 

Over the duration of the project this is estimated to be worth more than £1.5million. 

Additionally, individual component ‘clubs’ have secured considerable financial support for the project. 

Throatplate sections for the A1 Steam Locomotive Trust’s new Diagram 118a boilers take shape at DB Meiningen on October 9. A1SLT

■ The Boiler Club, which aims to fund the construction of the boiler through 300 supporters each donating £2,000, has reached 180 members, with around £450,000 donated

■ The Motion Club (target – 175 supporters each donating £1,000) has reached 151 members, with £186,000 donated

■ The Tender Club (launched in April to fund the construction the tender through 250 supporters each donating £1,500) has reached 41 members. 

■ The Mikado Club and the Cylinder Club – raised £250,000 and £120,000, respectively.

Read more News and Features in the November 2019 issue of The Railway Magazine –on sale now!

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