The term "Cheshire Ring" first appeared in the Inland Waterways Association (IWA) Bulletin in 1965,[2] where it was coined as part of a campaign to prevent the abandonment of, and restore navigation to, part of what had been known as the Peak Forest Circular Route between Manchester and Marple. When commercial carrying declined after the Second World War, sections of the Rochdale, Ashton and Peak Forest canals that make up the urban part of the ring had gradually fallen into disuse, and by the early 1960s were impassable, with little depth of water and many locks in an unusable condition. There was a risk that the canals would be abandoned, and infilled, as they were becoming stinking eyesores. Perseverance by the IWA and the Peak Forest Canal Society paid off, and on 1 April 1974, following restoration, the ring was re-opened to navigation.
The Rochdale Canal (unlike most other canals in England) was not nationalised in 1947, and remained in the ownership of the Rochdale Canal Company. Both the Rochdale Canal and Bridgewater Canal escaped nationalisation as a result of being owned subsidiaries of the Manchester Ship Canal company.
In 2002, as part of the restoration of the Rochdale, ownership of the Rochdale Canal Company passed to the Waterways Trust, and British Waterways became the navigation authority, bringing to an end the £35 toll that had been charged to use the one-mile section through Manchester which had deterred some boats from attempting the ring.