G5 Locomotive Construction Funding
CRANK AXLE FUND
We launched our new crank axle fund at the official opening of the new unit and aim to sell 360 degrees at £100 each to fund the new crank axle; we have sold just over half
To get your own Bachelor of Locomotives"Degree" certificate from the G5 Locomotive Company contact Dr Wood or any of the officials for more information.
This fund raising is in parallel to general funding for the rest of the locomotive.
NEW SHAREHOLDERS WELCOME
The Company have currently spent over £800,000 on the construction of the locomotive; the end is in sight but we still need more funds to complete the work. There are a number of ways in which you can be involved in the final stages of the construction.
BECOME A SHAREHOLDER
Invest in the future of steam locomotive power by becoming a shareholder; the minimum amount you can buy is £100.00.
Shareholdings who are UK taxpayers may be eligible for tax relief under the Governments "Enterprise Investment Scheme". Under this scheme UK taxpayers could currently receive a 30% refund on their investment.
For details of buying shares in the company and a prospectus please see the contacts for Chairman, Secretary or Treasurer.
The Class G5 Locomotive Company is a Limited company and is VAT registered.
BECOME A SUPERFRIEND
By paying a sum of say £20 per month to the Friends you will build up an amount which will at a later date be transferred to the G5 Company. At that point shares will be issued to the Superfriend. The minimum amount to qualify for shares is £100.00 and UK taxpayers may be able to receive a tax repayment of 30% of your payments under the governments E.I.S. scheme. Subject to HMRC rules.
The Superfriends have become a significant funding source for the locomotive and have contributed many thousands of pounds towards the construction.
Superfriends will receive, a free ride on the first train pulled by the G5, a free Cab ride in the finished locomotive, and become a shareholder in the locomotive.
You can buy a dedicated component for the locomotive for your own personal involvement or perhaps as a gift for a friend or relative. Please contact Brian Cox for details.
JOIN THE FRIENDS OF THE G5
The Friends of the G5 are a support Group who help to fund the construction of the locomotive through fundraising activities. If you would like to join us we need volunteers to attend various events throughout the region. Please look at the Friends of the G5 page for membership details.