Paisley - Economy

Economy

Paisley, as with other areas in Renfrewshire, was at one time famous for its weaving and textile industries. As a consequence, the Paisley pattern has long symbolic associations with the town. Until the Jacquard loom was introduced in the 1820s, weaving was a cottage industry. This innovation led to the industrialisation of the process and many larger mills were created in the town. Also as a consequence of greater mechanisation, many weavers lost their livelihoods and left for Canada and Australia. Paisley was for many years a centre for the manufacture of cotton sewing thread. At the heyday of Paisley thread manufacture in the 1930s, there were 28,000 people employed in the huge Anchor and Ferguslie mills of J & P Coats Ltd, said to be the largest of their kind in the world at that time. In the 1950s, the mills diversified into the production of synthetic threads but production diminished rapidly as a result of less expensive imports from overseas and the establishment of mills in India and Brazil by J & P Coats. By the end of the 1993, there was no thread being produced in Paisley. Both industries have left a permanent mark on the town in the form of the many places with textile related names, for example, Dyer's Wynd, Cotton Street, Thread Street, Shuttle Street, Lawn Street, Silk Street, Mill Street, Gauze Street and Incle Street.

The town also supported a number of engineering works some of which relied on the textile industry, others on shipbuilding. Paisley once had five shipyards including John Fullerton and Company (1866–1928), Bow, McLachlan and Company (1872–1932) and Fleming and Ferguson (1877–1969). These have declined in the area, with engineering firms such as Fullerton, Hodgart and Barclay and Whites Engineering closing in the mid-1970s.

A number of food manufacture companies have existed in Paisley. The preserve manufacturer Robertsons which was founded in Paisley in the 1860s was taken over by Rank Hovis McDougall who closed its Stevenson Street factory and transferred production to Bristol, Manchester and London in the 1970s. Brown & Polson commenced producing starch and cornflour in Paisley in the 1860s. It later became CPC Foods Ltd, a subsidiary of Unilever, which produced Hellmann's mayonnaise, Gerber baby foods and Knorr soups. The company ceased production in Paisley in 2002.

A number of industries remained in the area until recent times. In 1981 Peugeot Talbot, formerly Chrysler and before that Rootes, announced that its Linwood factory just outside of Paisley would cease production. This led to the loss of almost 5,000 jobs. Since the 1980s, a number of other employers have closed such as the British Gas distribution and service centre, Cadbury's distribution centre and William Grant & Sons the Scotch whisky producer which moved production to Strathclyde Business Park near Bellshill in Lanarkshire.

Some of the businesses remaining in the town are Scotch whisky blenders and bottlers Chivas Brothers now a subsidiary of Pernod Ricard, Stellar a global contact centre provider and the pigment manufactory of the Swiss company Ciba Geigy. Both companies employ considerably fewer people than in the past. The public sector is now a significant employer in Paisley, with the headquarters of Renfrewshire Council, the University of the West of Scotland, Reid Kerr College, the Royal Alexandra Hospital and a divisional headquarters of Strathclyde Police all located in the town.Glasgow International Airport, located on the edge of Paisley, is also a significant employer and part of the area's transport infrastructure. The airline Loganair's registered office is located within the airport complex.

At one time M&Co. (Mackeys) had its head office in the Caledonia House in Paisley.