In 2020, the railway announced that they had, in association with partner organisations including Greater Anglia, Norfolk County Council, Breckland District Council and the New Anglia Local Enterprise Partnership, bid for funding for a feasibility study into reopening the line for regular commuter services over their route. The plans to restore the line, and potentially extend it to Fakenham in time, have been backed by the George Freeman, MP for Mid-Norfolk. In June 2021, a bid was submitted to restore the Wymondham-Dereham line as part of the second round of the Restoring Your Railway fund. It was unsuccessful. A bid was re-submitted for the third round