The Society, formerly known as the Grimsby-Louth Railway Preservation Society (GLRPS), was founded in 1978, when British Rail announced its intention to close the remaining stretch of the East Lincolnshire Railway between Grimsby and Louth.
The Society is the fundraising arm of the Lincolnshire Wolds Railway, which now operates heritage steam trains on the stretch of restored line between Ludborough and North Thoresby. The long term aspiration is to re-open the line to Louth.