Economy
Historically, Northamptonshire's main industry was the manufacture of boots and shoes. Many of the manufacturers closed down in the Thatcher era which in turn left many county people unemployed. Although R Griggs and Co Ltd, the manufacturer of Dr. Martens, still has its UK base in Wollaston near Wellingborough, the shoe industry in the county is now nearly gone. Large employers include the breakfast cereal manufacturers Weetabix, in Burton Latimer, the Carlsberg brewery in Northampton, Avon Products, Siemens, Barclaycard, Saxby Bros Ltd and Golden Wonder. In the west of the county is the Daventry International Railfreight Terminal; which is a major rail freight terminal located on the West Coast Main Line near Rugby. Wellingborough also has a smaller railfreight depot on Finedon Road, called Nelisons sidings.
This is a chart of trend of the regional gross value added of Northamptonshire at current basic prices in millions of British Pounds Sterling (correct on 21 December 2005):
| Year | Regional Gross Value Added | Agriculture | Industry | Services |
|---|---|---|---|---|
| 1995 | 6,139 | 112 | 2,157 | 3,870 |
| 2000 | 9,743 | 79 | 3,035 | 6,630 |
| 2003 | 10,901 | 90 | 3,260 | 7,551 |
The region of Northamptonshire, Oxfordshire and the South Midlands has been described as "Motorsport Valley... a global hub" for the motor sport industry. The Mercedes GP and Force India Formula One teams have their bases at Brackley and Silverstone respectively, while Cosworth and Mercedes-Benz High Performance Engines are also in the county at Northampton and Brixworth.
International motor racing takes place at Silverstone Circuit and Rockingham Motor Speedway; Santa Pod Raceway is just over the border in Bedfordshire but has a Northants postcode. A study commissioned by Northamptonshire Enterprise Ltd (NEL) reported that Northamptonshire's motorsport sites attract more than 2.1 million visitors per year who spend a total of more than £131 million within the county.
Read more about this topic: Northamptonshire
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)