Incorporated on 10th June 1809.
A narrow gauge line to connect the rivers Severn and Wye, running about 26 miles. Its name changed in 1811 to the Severn and Wye Railway and further capital was raised. The line opened in 1813, later laying broad gauge rails and forming the Severn and Wye and Severn Bridge Railway. This passed to the Midland and Great Western companies jointly.
Capital £35,000 in shares and £20,000 in loans, increased to £115,000 in total.