Economy
North Petherton used to be a market town, with the right to hold a market having been granted in 1318, along with the right to an annual fair.
In the past the town hosted a Starkey Knight and Ford brewery on Fore Street (demolished in the late 1960s), several maltings, a light engineering works (Trig Engineering, since moved to the Huntworth Business Park adjacent to the nearby Junction 24 of the M5 motorway), and in earlier times at least 7 watermills.
Basket making and the manufacture of associated products including wicker furniture, was also a significant industry, at one time employing over 100 people in small factories and homes, until its decline in the second half of the 20th century. The products were distributed nationally via the railway station at Bridgwater. Nearby King's Cliff formerly provided a source of building stone for the town dating from at least Medieval times. The production of cloth and leather goods also used to take place in the town, the former being commemorated in the name of the road known as Dyer's Green.
The extensive cider orchards that used to surround much of the town in the 19th century had largely disappeared by the end of the 20th, by which time local employment was largely restricted to service businesses and farming. Folly Foot fishery is based on a lake which is stocked with Koi, Mirror, Common and Ghost Carp.
A new £100 m Regional Agricultural Business Centre, including an extensive Cattle Market and Dairy opened just beyond the outskirts of the town in 2007, following construction which began in 2006. This replaced the cattle markets in both Taunton and Bridgwater.
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—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)