Editing Bure Valley Railway (section)

===Receivership and rescue by Broadland District Council===
When the RKF's parent company, RKF Group Plc, went into receivership in January 1991, [[Broadland District Council]] moved quickly to acquire the line from the receivers as it feared that property developers might seize the opportunity to take control of the land.<ref name="RW-0691"/> Agreement was reached with [[Ffestiniog Railway]] director Mike Hart to set up a new company, Bure Valley Railway (1991) Ltd, to lease and operate the line.<ref name="RW-0691"/> A [[long distance footpath]] ([[rail trail]]) opened alongside it in 1991.

In 1993 Mike Hart sold his interest in Bure Valley Railway (1991) Limited to Robert Baker of Sudbury, Suffolk. In 1995 control passed to Westernasset Limited. In 2001 control of Westernasset was acquired by Andrew Barnes. Westernasset was subsequently wound up and shares in Bure Valley Railway (1991) Limited were held directly by Andrew Barnes, who operates the railway on a not for profit basis with the support of many volunteers.

Broadland District Council considered selling the line to the Bure Valley Railway in June 2017, but this was delayed by Brexit, resulting in a partnership approach being made by Norfolk County Council, which it was felt would improve the opportunities for funding and ensure the retention of the permissive footpath alongside the line.  The council's managing director stated that it was important that "members should be sure about what they were seeking to achieve by the disposal of the railway".<ref>Broadland District Council January 15 2019 Cabinet Minutes</ref>  The Council changed its mind before the transaction was completed and the route continues to be owned by Broadland District Council. In 2019 Norfolk County Council received £1.2 million [[Interreg]] funding to invest in refurbishments along the Bure Valley route.  This was additional to the £10,000 annual maintenance budget the council employs on the line.<ref>Broadland District Council August 2 2019 Cabinet Agenda</ref>

In March 2020 the Bure Valley Railway threatened to take the council to the [[Office of Rail and Road]] over a claimed contractual failure to adequately maintain fences and structures along the line for which the council has responsibility.<ref>{{cite news |url=https://www.edp24.co.uk/news/local-council/bure-valley-railway-threatened-broadland-council-with-watchdog-maintenance-1512266 |title=Railway threatened to take council to watchdog over upkeep 'dereliction' |work=[[Eastern Daily Press]] |last=Frank-Keyes |first=Jessica |date=October 10, 2020}}</ref>