Economy
Prior to 1960, the Production Engineering Research Association of Great Britain (PERA) came to the town on Nottingham Road and employed around four hundred people in supporting research and development in industry. It is also home to the East Midlands Manufacturing Advisory Service.
In 2000, the East Midlands Regional Assembly (EMRA) was based in a building also on Nottingham Road.
Petfoods came to the town in 1951 as Chappie Ltd, employing at its peak over two thousand people, it now employs around one thousand. It changed its name Petfoods in 1957, Pedigree Petfoods in 1972 and most recently Masterfoods in January 2002. At Melton, it makes four million items of petfood every day, which is less than it used to. Masterfoods now have their UK headquarters close to Melton at Waltham-on-the-Wolds.
Read more about this topic: Melton Mowbray
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)
“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)