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:
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—Alexander Herzen (1812–1870)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)