The village gave its name to Cheddar cheese, which is the most popular type of cheese in the United Kingdom. The cheese is now made and consumed worldwide, and only one producer remains in the village.
Since the 1880s, Cheddar's other main produce has been the strawberry, which is grown on the south-facing lower slopes of the Mendip hills. As a consequence of its use for transporting strawberries to market, the since-closed Cheddar Valley line became known as The Strawberry Line after it opened in 1869. The line closed in the 1960s, when it became part of the Cheddar Valley Railway Nature Reserve. It ran from Yatton to Wells. When the rest of the line was closed and all passenger services ceased, the section of the line between Cheddar and Yatton remained open for goods traffic. It provided a fast link with the main markets for the strawberries in Birmingham and London, but finally closing in 1964.
Cheddar Ales is a small brewery based in the village, producing beer for local public houses. Tourism is a significant source of employment. Around 15 percent of employment in Sedgemoor is provided by tourism, but within Cheddar it is estimated to employ as many as 1,000 people. The village also has a youth hostel, and a number of camping and caravan sites.
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