Economy
Cheltenham has light industry, including food processing, aerospace, electronics and tourism businesses. The Government's electronic surveillance operation Government Communications Headquarters (GCHQ), renowned for its "doughnut-shape" building, is in Cheltenham. Vertex Data Science, GE-Aviation, Chelsea Building Society, Endsleigh Insurance, Nelson Thornes, UCAS (Universities & Colleges Admissions Service), Kohler Mira, Zurich Financial Services and Spirax-Sarco Engineering all have sites in and around Cheltenham.
Kraft Foods' UK headquarters was in the St. George's House in Cheltenham, but closed in 2011 following Kraft's purchase of Cadbury's.
Cheltenham is a regional shopping centre, home to department stores, the oldest being Cavendish House, from 1823, and centres including the Regent Arcade and the Beechwood Shopping Centre. It is well-known locally for its nightlife, with a wide range of pubs, wine bars, clubs and restaurants. It has a Michelin two-star restaurant, Le Champignon Sauvage.
In 2006, a house valuation web site rated Cheltenham the most desirable property location in Britain.
Read more about this topic: Cheltenham
Famous quotes containing the word economy:
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—Anthony, Sir Eden (1897–1977)
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—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)