Laxey agreement that it should be kept in perpetual running order for the people of the Isle of Man. In 1965 the Isle of Man Government bought the wheel and the site. Restoration work began, and in 1989 it was put under the control of Manx National Heritage. Great Laxey Mine Railway re-opened with two small steam engines in September 2004 to carry passengers along the restored route. Laxey is the site of King Orry's Grave. The Laxey Woollen Mills were founded in 1881 by Egbert Rydings, supported by John Ruskin, and were originally water powered. The mills are known for
SS Ellan Vannin (1854) by two oscillating marine engines with tubular boilers, built by Messrs. Fawcett, Preston & Co. (similar to those installed in the "Countess of Ellesmere") which developed , driving two paddle wheels of 16' diameter which were fitted with feathered floats. The paddle floats were "feathered" so as to help to reduce vibration which could be common in early marine steam engines. She was divided into five water tight compartments had accommodation for 100 tons of cargo and a bunker capacity for 40 tons of coal. "Ellan Vannin" was said to be a remarkably handsome vessel, having a smart rakish appearance,