Tim,
The club was originally a key part of the project to return '558 to flight - at least that was my understanding back in '93 when I joined and the Waltons were going to do it themselves. The Trust only came along to satisfy Lottery requirements and does now seem to have lost it's direction - that another body exists that can try to raise the money the Trust should have raised is very laudable (and the total's over £100K in pledges in 10 days apparently).
It would be 'criminal' if the aircrafts fate would be to spend the remainder of it's days at Bruntingthorpe taxying every so often, lets hope the HLF project description
The programme will acquire Avro Vulcan XH558 for the Nation and restore it to full airworthiness. The aircraft will then be operated to provide maximum access for the public through display flights. Finally, it will be flown to the Imperial War Museum at Duxford, to become the best-preserved aircraft of its era in perpetuity.
is stuck to?