The Peak Forest Canal was one of the first canals surveyed by the newly formed IWPS. At its southern end, the canal splits into two. The line to Whaley Bridge was originally a branch, and the line to Bugsworth Basin was the main line, although this designation has now been reversed. The name of the village has been changed to Buxworth, which is supposedly more desirable, although the basin retains the original spelling. The Bugsworth line was last used for commercial traffic in 1922, and was abandoned in 1925. Since 1968, the main aims of the IWPS have been the restoration and operation of Bugsworth Basin. The society became a non-profit limited company in 1982, and the rift with the Inland Waterways Association, which resulted in the formation of the society in 1958, was resolved in 1995, when the society re-affiliated to the IWA.