The Lynton & Barnstaple Railway (L&B) is a Heritage railway in North Devon, England.

The original line opened in May 1898, but closed in 1935. It was a single track narrow gauge railway just over 19 miles (30 km) long, running through rugged rural countryside in Exmoor National Park

For a few years the line earned a small profit, but for most of its life the L&B lost money. The L&B was taken over by the Southern Railway in 1923, and finally closed in September 1935.

The Lynton & Barnstaple Railway Association was created in 1979. A short section of the line opened again in 2004. This was extended in 2006 and a year later, plans were announced to open nine miles (14 km) of track, linking the station at Woody Bay to both Lynton and Blackmoor Gate, and eventually to a new station at Wistlandpound Reservoir.