Economy
Historically a market town, Chippenham's economy has since changed to that of a commuter town with residents travelling to workplaces in Bath, Bristol, Swindon and even London (almost 100 miles to the east).
Several large businesses have been located in the region, with the biggest former employer being Westinghouse, now owned by Invensys, whose factory complex lies next to the railway station. The company undertakes railway signalling contracts for Network Rail, London Underground as well as railway operators is other parts of the world, e.g. Beijing Subway, Oslo Public Transport Administration, SMRT Corporation, Kowloon-Canton Railway Corporation, MTR Corporation and many others. Parts of the Westinghouse site are occupied by a range of companies. There are a number of other industrial sites around the town, Bumpers Farm being the largest. It is home to many businesses of all sizes, including IT Solutions Ltd(ITS), CPI Antony Rowe Ltd., Bechtle Direct Ltd, The Web Usability Partnership Ltd, De Marchi Engineering, Multiquip, Blade, Chippenham Accident Repairs, Bathwick Tyres, LF Windows, Avon Rubber, "Home James" taxis and Norman E Webb.
In 2005, Europe's second largest logistics organisation, Wincanton PLC, consolidated its head office operations and moved to the newly developed Methuen Park office development in west Chippenham, where it employs around 350 people.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)