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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)