Go-op share prospectus

Operator seeks funds after track access approval

OFFICE of Rail and Road (ORR) approval of proposals by the Go-op Co-operative to operate open access services in Somerset and Wiltshire has been followed by the issue of what is described as a pioneer share offer. Go-op is seeking initial funding of £200,000 and offers the payment of interest in return for investment once services are profitable. Its prospectus states that passenger demand will amount to 150,000 in 2026 (expected to be the first year of operation), growing to between 350,000 and 400,000 after ten years. The forecast has six distinct elements described as the core Taunton-Westbury section, followed by diagram one to reach Swindon via Melksham, diagram two to serve Weston-super-Mare, and specific add-ons to cover Friday evening services, potential new stations, and income from a connection with…

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RAIL (Digital) - 1 Issue, Issue 1024

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