Economy
There are 17,000 people of working age in Rutland, of which the highest percentage (30.8%) work in Public Administration, Education and Health, closely followed by 29.7% in Distribution, Hotels and Restaurants and 16.7% in Manufacturing industries. Significant employers include Lands' End in Oakham and Castle Cement in Ketton. Other employers in Rutland include two Ministry of Defence bases - Kendrew Barracks (formerly RAF Cottesmore) and St George's Barracks (previously RAF North Luffenham), two public schools - Oakham and Uppingham - and one prison Stocken. The former Ashwell prison closed at the end of March 2011 after a serious riot and government review. The county used to supply iron ore to Corby steel works but these quarries closed in the 1960s and early 1970s resulting in the famous walk of "Sundew" (the Exton quarries' large walking dragline) from Exton to Corby, which even featured on the children's TV series Blue Peter. Agriculture thrives with much wheat farming on the rich soil. Tourism continues to grow. The Ruddles brewery was Langham's biggest industry until it was closed in 1997. Rutland bitter is one of only three UK beers to have achieved Protected Geographical Indication status; this followed an application by Ruddles. Greene King, the owners of Ruddles, closed the Langham brewery and were unable to take advantage of the registration. However in 2010 a Rutland Bitter was launched by Oakham's Grainstore Brewery.
It is 348th out of 354 on the Indices of Deprivation for England, showing it to be one of the least economically deprived areas in the country.
In March 2007, Rutland became only the fourth Fairtrade County.
This is a chart of trend of regional gross value added of the non-metropolitan county of Leicestershire and Rutland at current basic prices with figures in millions of British Pounds Sterling.
| Year | Regional Gross Value Added | Agriculture | Industry | Services |
|---|---|---|---|---|
| 1995 | 6,666 | 145 | 2,763 | 3,758 |
| 2000 | 7,813 | 112 | 2,861 | 4,840 |
| 2003 | 9,509 | 142 | 3,045 | 6,321 |
^ includes hunting and forestry
^ includes energy and construction
^ includes financial intermediation services indirectly measured
^ Components may not sum to totals due to rounding
Read more about this topic: Rutland
Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)