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The site was purchased by businessman and philanthropist David Moulsdale in 2021 before achieving listed status in 2022. The site has since been fully restored, opened and connected to the railway mainline, and operates as a joint venture with Gibsons Engineering Ltd who maintain, repair and build rolling stock for the mainline railway and light rail tram systems. There are future plans to create a high-tech heavy engineering and manufacturing site, and the depot is currently undergoing electrification to allow EMU/electric rail vehicles to

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