Economy
Before the 19th century, the main businesses of Slough were brickfields and agriculture. The bricks for the building of Eton College were made in Slough. Later, as the Great West Road traffic increased, inns and pubs sprang up along the road to service the passing trade. Until the town developed as an industrial area, nurseries were prominent in the local economy; the Cox's Orange Pippin apple was first raised in Colnbrook (not then within Slough) around 1825, and the dianthus "Mrs Sinkins Pink" was first raised at some point between 1868 and 1883 by John Sinkins, the master of the Eton Union Workhouse, which lay in Slough.
In the mid-19th century, the only major employer apart from the brickfields was James Elliman, who started as a draper in Chandos Street. In 1847, he changed business and manufactured his Elliman's Embrocation and Royal Embrocation horse liniment at factories in Wellington Street and Chandos Street. Elliman became a major benefactor to the town, and is remembered today in the names of local roads and schools.
In September 1851, William Thomas Buckland, an auctioneer and surveyor from nearby Wraysbury, began livestock sales in a field near the Great Western Road Railway Station belonging to the North Star Inn. Originally held on the first Tuesday of every month, the Cattle Market's popularity soon saw this increased to every Tuesday. A move to Wexham Street was necessitated by the postwar redevelopment of the town. The Slough Cattle Market was run by Messrs Buckland and Sons until its final closure in 1988.
In 1906, James Horlick, one of the eponymous founders of the malted milk company, opened a purpose-built red-brick factory near Slough Railway Station to manufacture his malted milk product.
Starting in the 1920s, Slough Estates Ltd, the operator of the original Slough Trading Estate, created and operated many more estates in the UK and abroad. The Slough Trading Estate meant that the town was largely insulated from many of the effects of recession. For many years, Slough's economy was mainly manufacturing-based.
In the last 20 or so years, there has been a major shift from a manufacturing to an information-based economy, with the closure of many factories (some of which had been in Slough for many decades). The factories are rapidly being replaced by office buildings. Hundreds of major companies have sited in Slough Trading Estate over the years, with its proximity to London Heathrow Airport and good motorway connections being attractive. In the 1960s, Gerry Anderson's film company was based in Slough, and his Supermarionation series, including Thunderbirds, were filmed there.
The UK headquarters of Mars, Incorporated is based in Slough, the main factory having been created in 1932 by Forrest Mars Sr. after a quarrel with his father, Frank C. Mars. He proceeded to develop and produce the Mars Bar in Slough over 70 years ago. One of the Mars factories has been demolished and a lot of production has moved to the Czech Republic. The European head offices of major IT companies such as Research In Motion, Network Associates, Computer Associates, PictureTel and Compusys (amongst others) are all in the town. O2 is headquartered in the town across four buildings. The town is also home to the National Foundation for Educational Research, which is housed in The Mere.
Recent new offices include those of Nintendo, Black and Decker, Amazon.co.uk and Abbey Business Centres. Dulux paints are still manufactured in Slough by AkzoNobel, which bought Imperial Chemical Industries in 2008. The registered office of Furniture Village lies in the town. Sara Lee's headquarters for the United Kingdom are also in Slough.
The motor trade has long been represented in Slough. Until 1966, Citroën assembled cars in a Liverpool Road factory (later used by Mars Confectionery), and it retains its UK headquarters in the town. Ford built Transit vans at its factory in Langley (a former Hawker Aircraft site) from 1936 to the 1950s) until the site was redeveloped for housing in the 1990s. Ferrari, Mercedes, Fiat and Maserati now have offices in the town.
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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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)