page_title: History of Banbury
section_title: The 2008–2010 credit crunch
hierarchical_section_title: History of Banbury / Industry and commerce / The 2008–2010 credit crunch
caption_attribution_description: English: I took the picture of these closed Banbury shops in 2010. They all closed in 2009, except for Skills Center, which closed in 2010. I here by release it in to the public domain. 1/ Your Move estate agents. 2/ Bagel Bite cafe. 3/ Dolphin Bathrooms. 4/ Moben Kitchens. 5/ Chicken Hut café. 6/ Skills Center recruiting agency.
context_page_description: Banbury is a circa 1,500-year-old market town and civil parish on the River Cherwell in the Cherwell District of Oxfordshire, England. It is 64 miles northwest of London, 38 miles southeast of Birmingham, 27 miles south of Coventry and 21 miles north northwest of the county town of Oxford.
context_section_description: The credit crunch and subsequent UK recession has led to unemployment rising sharply (it was only 1% in 2001 and 2002, but rose sharply c. 2007–2008). Several places closed, mostly between 2007 and 2011, but most have subsequently re-opened since. The Gloria Jean's café has reopened as Café Mocha, a Tescos Express store opened up in recently closed Grimsbury Pub/Restaurant, Buffalo Bills and Focus Do It All became Argos's second store. The SCS branch adjacent to the new Argos store has become a Next department outlet and the former Powerhouse electrical goods retailer (also situated on the retail park) became Pets at Home.
  Bagel bite closed at 12 Market Place, BANBURY, OX16 5LG in 2009 after 3 years and returned in 2012 as Begle Dites at 12 Market Place, BANBURY, OX16 5LG. B-Wise became the Family Bargains discount store, the 99p shop before being burnt out in 2011; the old Littlewoods Index store became Wilkinsons and Peacocks, with the latter closing in 2012.
  The Old Flyer closed in 2009 but reopened as the Old Auctioneer in 2011. The Yates night club closed in 2007, but had reopened as of 2010 as the Also Known AS Nightclub. The local branch of The Officers Club had moved to a smaller store, but had also weathered the economic storm until 2012. The local branch of Woolworths is now a branch of H&M Clothing. The Littern Tree Pub closed in 2005 to be replaced by the J D Wetherspoons Fleur De Lis in 2008. Chalky's, a local music retailer formerly based on the High Street, had moved into Castle Quay shopping centre to accommodate a larger floor space; the recession had caused the store to cease operations and was closed only after a few months having been situated within Castle Quay in the Spring of 2009.
  The Polish delicatessens – Grosik, the various new shops in the Hanwell Fields Housing Estate and a recruitment drive by Prodrive have reduced the unemployment levels over the latter part of 2010 as the local economy began to improve.
caption: A picture of these closed Banbury shops in 2010. They all closed in 2009, except for Skills Centre, which closed in 2010. The closed shops are- 1/ Your Move estate agents, 2/ Bagel Bite café, 3/ Dolphin Bathrooms,4/ Mobën Kitchens, 5/ Chicken Hut café and 6/ Skills Centre recruiting agency.
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