Economy
Deptford's economic history has been strongly connected to the Dockyard - when the Dockyard was thriving, so Deptford thrived; with the docks now all closed, Deptford has declined economically. However, areas of Deptford are being gradually re-developed and gentrified - and the local council has plans to regenerate the riverside and the town centre. A large former industrial site by the Thames called Convoys Wharf is scheduled for redeveloping into mixed use buildings. This will involve the construction of around 3,500 new homes and an extension of the town centre northwards towards the river.
Much of the area along Creek Road, close to Greenwich, has also been redeveloped, with the demolition of the old Deptford Power Station and Rose Bruford College buildings. Aragon Tower on the Pepys Estate was sold by Lewisham Borough to fund regeneration plans for the estate; the award winning refurbishment into privately owned accommodation was featured in the BBC1 documentary, "The Tower".
Deptford Market, a street market in Deptford High Street sells a range of goods, and is considered one of London's liveliest street markets. In February 2005, the High Street was described as “the capital's most diverse and vibrant high street” by Yellow Pages business directory, using a unique mathematical formula.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)