Harlow - Economy

Economy

Harlow was originally expected to provide a majority of employment opportunities in manufacturing, with two major developments of The Pinnacles and Templefields providing the biggest employers in the region; as with the rest of the country, this manufacturing base has declined and Harlow has had to adjust.

The original manufacturing took the form of a biscuit factory, on the Pinnacles. Owned and run as a Co-Op, it provided employment to the town for over 50 years, before closing in 2002. It has since been demolished and the site is now small industrial units. At its peak, the factory employed over 500 people. At the time of its closure, the owner was Burton's Foods Ltd. An £8million production line – installed in 1999 – was left to rust in the car park upon the closure of the factory.

Raytheon and GlaxoSmithKline both have large premises within the town. Nortel also had a large site on the eastern edge of the town, acquired when STC was bought in 1991, and it was here that Charles K. Kao developed optical fibre data transmission. Nortel still has a presence, but it is much reduced. One of Europe's leading online golf stores, Onlinegolf, is also based in Harlow.

Unemployment is frequently around 10%, higher than the national average in the UK. Harlow also has a large number of people in social housing, almost 30% of dwellings being housing association and local authority owned, and many more privately rented.

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