Funding Makes a Difference
Large sums of money continue to be required by the Trust, principally to secure land for Canal construction and restoration.
There are three crucial funds established within the Herefordshire & Gloucestershire Canal Trust (H&G CT) which donors can choose to specifically support:
- The Opportunities Fund – created following an anonymous £100,000 donation and has a widely drawn remit to support any significant project that may provide a lasting benefit to the H&G CT’s ambitions. This might include purchase of the line of the Canal but is not restricted to it.
- The Land Fund is longer established. This fund is there to do ‘exactly as it says on the tin’ and provide the crucial funding to acquire land along the line of the original Hereford and Gloucester Canal to permit restoration – download a copy of our leaflet.
We also greatly appreciate donations to the H&G CT’s general funds.
Some recent purchases and received funds indicate the scale of numbers involved.
The acquisition of The Travellers Rest pub and restaurant at Newent for £225,000+VAT was only made possible by two further anonymous donations by members: one of £10,000 and the other a short-term interest-free bridging loan of £60,000 pending HMRC’s eventual repayment of the VAT paid on the purchase price.
The Dymock Development required a six figure investment from the H&G CT. This permitted the construction of a new section of canal and also a 3-bedroom detached house for the Trust to let. This, together with index linked annual charges from the other open market properties on the development, will provide long term income for the maintenance and management of the Canal in the area and the H&G CT will receive a share of the open market property sales.
A considerable five figure investment by the H&G CT provided for construction of the Aylestone storm overflow weir of 6.5 cubic metres per second capacity. This is a significant long term investment providing both essential infrastructure for the Canal and support for surface water management in the City of Hereford.
Additional information on Aylestone Overflow Weir The Opportunities Fund and other resources were temporarily invested as well on the basis that the asset could be borrowed against as required in the future and was likely to provide a higher return to the H&G CT.
A grant of £20,000 to acquire a much-needed tractor and attachments was secured from the SW Regional Development Agency, Defra and the European Commission, as part of the Rural Development Programme for England.
Current Projects that need funding:
Shorter term priorities which now require considerable funding include:–
- Oxenhall Lock No 2 – No 2 lock is our next immediate project – a modern day lock starts at £250,000 if all conditions are ideal. From there the canal needs to be restored down towards the Newent station site
- Newent Station site – This will see a six figure investment from the H&G CT in completely restoring the former railway station – with an inclined plane to take boats in cradles through the station and over the road.
Learn more about Newent plans
- Malswick Project – following essential work and payment made for the land we now need the money to excavate out and re-create the former canal channel and towpath.
- Ledbury – once all conditions are met for the new development north of the viaduct we will need funds for building four locks and the channel.
Reconstruction of Mill Barn at Over to replace the current shipping containers and provide a much improved volunteer mess room, disabled WC facilities, storage and base for the new Canal wide Maintenance Team. The large loft space will provide a crucial meeting/training room, and hugely improved open plan office space for the Legal & Project Development Team.
View plans of Mill Barn
You can now donate to the Trust on line through the Paypal Payment Portal. You do not need to have a Paypal accunt to use this facility, just choose to pay by debit or credit card.
Make a single donation Make a regular repeating donation
Donate by BACS to the Trust
General Donations to the Trust can be made by electronic bank transfer or BACS, which is a simple and secure process that can be arranged using most online banking applications.
Transfers should be made using the following details;
Bank Account No xxxxxxxx
Bank Sort Code xx-xx-xx
Reference – your surname
Don’t forget Gift Aid – Gift Aid is an easy way for a UK based tax payer to add value to your donation at no cost to yourself.
This way qualifying donors can boost their donations by 25p of Gift Aid from the government for every pound you give.
More details on Gift Aid can be seen on the UK.GOV website – a Gift Aid declaration form can be downloaded from here.
Donate in Memory
The Trust welcomes opportunities to assist promoting the memory of individuals in response to a donation – please get in touch with the Canal Trust Trustees through our Contact Us page.
Leave a Legacy
A kind and generous bequest enabled us to purchase Llanthony Lock. Remembering the Trust in your Will would benefit present and future generations.
Have you considered remembering the H&G CT in your Will, please, as a lasting legacy to be used towards the restoration of the H&G Canal into a 34 mile working waterway?
This will be enjoyed for leisure activities by current and future generations of visitors and in the local communities through which it passes, bringing economic and employment benefits to these areas and to the two counties. The course of the Canal runs through some of the most beautiful English countryside which so many more will enjoy from the restored Canal and clearly defined towpath. And, of course, it will connect with the national network of inland waterways unique to this country and enjoyed by so many.
As the H&G CT is a registered charity, your legacy is subtracted from the value of your estate for tax purposes. This reduces the amount of your estate that is chargeable to inheritance tax as well as benefiting the work of the H&G CT. It is recommended that you seek professional advice on your individual circumstances before signing a Will or adding a Codicil to an existing Will in favour of the H&G CT.
More information on bequests and a new legacy guide will be available shortly be available on this website.
Please get in touch with the Canal Trust Trustees through our Contact Us page.
Donations from corporate supporters are always welcome – please get in touch with the Canal Trust Trustees through our Contact Us page.
Donate Used Postage Stamps
The trust can raise money fromn your used postage stamps. Stamps can be handed in at any of our Social Evenings or other organised events, or posted direct to ;
The H&G CT is most grateful to everyone who has made and is considering a donation, large or small, towards the restoration of the H&G Canal.
If you would like to speak to someone in confidence about a donation please contact our Treasurer through the Contact Us page from this website.