Frome - Economy

Economy

The metal-working and printing industries which replaced wool as Frome's main industry have declined but not left the town. Singers still has a presence in the town, as does Butler and Tanner, although the latter (now named Butler Tanner and Dennis following a take-over) hit major financial difficulties in 2008, and made two-thirds of its workforce redundant.

Almost half of the economically active population of Frome commute to work outside the town (in Bath, Bristol, Warminster, Westbury or further afield). About 2,700 people commute into the town. A substantial part of the workforce has no formal qualifications and is poorly skilled, leaving them vulnerable to a decline in manufacturing work. There is no major local government employment in the town, and the principal public sector employers are the Primary Care Trust and the schools.

Frome town centre contains a considerable number of independent shops, and a few chain stores. Retail is primarily aimed at serving the local population's requirements for food (there are two large supermarkets on opposite edges of the town, and three smaller supermarkets in the town centre), basic clothing, health and beauty, DIY and some electrical goods. However studies show that only about a quarter of the town's population do their non-food shopping in the town. Banks and building societies have branches in the town centre.

Markets are held on Wednesdays and Saturdays in the town centre: some in the Market Yard car park, and others in the former agricultural warehouse, the Cheese and Grain. The Saturday cattle market was moved from the centre of the town to nearby Standerwick in the 1980s. In 2003, Frome was granted Fairtrade Town status.

A Vision for Frome 2008-2028 has been developed following a consultation with local people in the spring of 2008 which received over 3,000 responses. Mendip District Council and Mendip Strategic Partnership have consulted on a Community Strategy and Local Development Framework for the period to 2026 which includes building 2,500-2,600 new homes, providing more employment and office space, developing a new secondary school and two new primary schools, remodelling the town centre and encouraging a wider range of retailers and leisure providers into the town.

There have been a number of significant housing developments within Frome, many on former industrial sites, and these are continuing with plans for the redevelopment of a site at Saxonvale and Garsdale to include several hundred dwellings, shops and a 'cultural quarter' containing workshops for artists.

Read more about this topic:  Frome

Famous quotes containing the word economy:

    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)

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)

    The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.
    Ralph Waldo Emerson (1803–1882)