Economy
The most important employer in Barnard Castle is GlaxoSmithKline which has a large pharmaceutical manufacturing plant on the outskirts of the town which employs around 1000 people. The number of people employed could potentially be doubled if the site is chosen as the site of a new bio-pharmaceutical plant. GSK has invested over £80 million into the plant since 2006, and the company plans to spend a further £25 million in 2011 upgrading and investing in buildings and machinery.
Barnard Castle is located in a picturesque area of Teesdale and tourism is important to the local economy. Several holiday parks are located nearby including a Camping and Caravanning Club site and a new site for the Caravan Club. The town has a number of antique shops and an antique centre which attracts antique buyers from all around the world. The High Street has many independent shops.
Nearby Startforth has a young offenders' institution.
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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)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)