Economy
Cheltenham has light industry, including food processing, aerospace, electronics and tourism businesses. The Government's electronic surveillance operation Government Communications Headquarters (GCHQ), renowned for its "doughnut-shape" building, is in Cheltenham. Vertex Data Science, GE-Aviation, Chelsea Building Society, Endsleigh Insurance, Nelson Thornes, UCAS (Universities & Colleges Admissions Service), Kohler Mira, Zurich Financial Services and Spirax-Sarco Engineering all have sites in and around Cheltenham.
Kraft Foods' UK headquarters was in the St. George's House in Cheltenham, but closed in 2011 following Kraft's purchase of Cadbury's.
Cheltenham is a regional shopping centre, home to department stores, the oldest being Cavendish House, from 1823, and centres including the Regent Arcade and the Beechwood Shopping Centre. It is well-known locally for its nightlife, with a wide range of pubs, wine bars, clubs and restaurants. It has a Michelin two-star restaurant, Le Champignon Sauvage.
In 2006, a house valuation web site rated Cheltenham the most desirable property location in Britain.
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Famous quotes containing the word economy:
“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)
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)