A major initiative to improve the visitor experience by enhancing the first class interior of Ffestiniog Railway carriages. An appeal went out to Life members which realised over £40,000 including Gift Aid, which was used to refurbish and improve the interiors of existing First class carriages, with purpose made moquette, as well as ensuring new observation carriages 100 and 102 were fitted to the highest standards

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

The call went out to members to support the installation of heritage signalling features as part of the rebuilding of Porthmadog Harbour Station. The response was magnificent with £68,000 being raised to support the installation of semaphore signalling and the associated features

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

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