For more detail on this section see the History of the Grand Union Canal. In 1929 the
Regents Canal Company bought the
Grand Junction Canal Company and a new company, the
Grand Union Canal Company, was established. Later that year the new company bought the
Warwick and Napton Canal and the
Warwick and Birmingham Canal. In 1932 the Grand Union Canal Company bought the
Leicester Navigation, the
Loughborough Navigation and the
Erewash Canal for £75,423 (£ million in ). For the first time the main line from
London to
Birmingham and the
River Trent were all owned by one company with the exception of the
Oxford Canal between
Braunston and
Napton. The Grand Union Canal Company attempted to buy the
Oxford Canal but the agreement failed. The Grand Union Canal was now over 300 miles long. A main objective was to create a route capable of taking 14 ft barges or two narrow boats from London to Birmingham. ==Formation of the company==