Major investment by the Society to enable the continuing use of the slate wagon fleet, whilst also providing parts for further wagons to be restored. This has included the purchase of new wheels and axles and couplings, along with the machining required. The work has enabled 60 slate wagons to be part of the operational fleet

Flagship Double Fairlie locomotive Merddin Emrys returned to service in 2005 after £185,012 from the Society. This included the external overhaul and repairs to the boiler and the construction of two new power bogies in Boston Lodge Works

Carriage 121 was the second Super Saloon constructed. Entirely funded by the FRS including bogies, the carriage encompasses heating and double glazing and spacious seating. The carriage entered traffic in May 2012 after £91,000 from the Society

A major fundraising initiative over five years to provide 1992-built double fairlie David Lloyd George with new piston-valve power bogies, at a cost of £200,000. This is only possible due to the fundraising by members and general donations received

Carriage 103 was the first carriage of a new Super Saloon design with a longer length, bigger windows, better access, double glazing and heating along with improved bogies. Funded with £86,128 from the FR Society, it entered service in February 2010