Economy
Glossop was a product of the wealth of the cotton industry. Glossop's economy was linked closely with a spinning and weaving tradition which had evolved from developments in textile manufacture during the Industrial Revolution. Before the first world war, Glossop had the headquarters of an international paper empire, the largest calico printworks in the world, a large bleach works, and six spinning weaving combines with over 600,000 spindles and 12,000 looms and two niche manufacturers: grindstones and industrial belts. In the 1920s, these firms were refloated on the easily available share capital—thus were victims of the stockmarket crash. Their product lines were vulnerable to the new economic conditions.
The main street comprises a variety of shops, restaurants and food outlets.
Glossop is located close to the border of the Peak National Park, and to the east are the open moorlands of the Dark Peak. The local economy benefits from the many thousands of tourists who visit the Park each year and who use Glossop as the gateway to the Peak.
Glossop Business owners Kathy Ford and Barbara Hastings-Asatourian set up Glossop Business Network in 2006 to help build and support business in Glossop. The network also supports social enterprise, not for profit organisations and charitable organisations, engaging in both fundraising and lobbying activities.
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Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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