Economy
Nuneaton's traditional industries like textiles and manufacturing have declined drastically in the post-war years. Due to its good transport links, Nuneaton is now largely a commuter town for nearby Coventry and Birmingham. However electronics and distribution remain major economic activities in the town. MIRA Limited, formerly the Motor Industry Research Association, is based on a disused wartime airfield on the A5, to the north of the town. One of the biggest developments in the town's history, the multi-million pound Ropewalk Shopping Centre, opened on 1 September 2005 in the hope that it will give the town extra income from the shopping, attract more visitors and retailers, and steer shoppers away from larger retail centres such as Birmingham, Coventry, Leicester and Solihull, with other shopping available at the longer established Abbeygate Shopping Centre located in the centre of the town. The town centre itself has undergone a successful transition from being an uninteresting 'dormitory town' service centre in the 1980s to a relatively thriving and well-planned retail and business district by the 2000s. Holland & Barrett has its headquarters based in the town while Bermuda Park, which is south of Nuneaton, is home of the national distribution centres of Dairy Crest and RS Components. As well as distribution centres, Nuneaton is also home of several international online marketing companies.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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—Calvin Coolidge (1872–1933)
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—Ralph Waldo Emerson (1803–1882)