page_title: Wolverhampton
section_title: Economy
hierarchical_section_title: Wolverhampton / Economy
caption_attribution_description: English: Partial view of the Mills of Thakurgaon Sugar Mills Ltd. Thakurgaon. Bangladesh. Photo of the water tube boiler. This suger mill is using water tube boiler of John Thompson Water Tube Boiler Ltd., Made in Wolverhampton, England. (02.03.2019)
context_page_description: Wolverhampton is a city, administrative centre and metropolitan borough in the West Midlands, England. At the 2011 census, it had a population of 249,470. The demonym for people from the city is 'Wulfrunian.'
  Historically part of Staffordshire, the city grew initially as a market town specialising in the woollen trade. In the Industrial Revolution, it became a major centre for coal mining, steel production, lock making, and the manufacture of cars and motorcycles. The economy of the city is still based on engineering, including a large aerospace industry, as well as the service sector.
context_section_description: Traditionally, Wolverhampton's economy has been dominated by iron, steel, automobiles, engineering and manufacturing industries. Many of the traditional industries in the city have closed or dramatically downsized over the years. However, by 2008 the economy was dominated by the service sector, with 74.9% of the city's employment being in this area. The major subcomponents of this sector are in public administration, education and health (32.8% of the total employment), while distribution, hotels and restaurants take up 21.1%, and finance and IT takes up 12.7%. The largest non-service industry was that of manufacturing (12.9%), whilst 5.2% of the total employment is related to the tourism industry.
  The largest single employer within the city is Wolverhampton City Council. which has over 12,000 staff Other large employers within the city include:
  Banking: Birmingham Midshires (Headquarters)
  Building materials: Tarmac and Carvers Builders Merchant
  Education: University of Wolverhampton and City of Wolverhampton College
  Construction: Carillion (Headquarters)
  Brewing: Marston's (Headquarters)
  Aerospace: H S Marston, MOOG and Goodrich Actuation Systems
  Retail: Beatties (now owned by House of Fraser) (due to close 2019)
  Manufacturing: Chubb Locks, Jaguar Land Rover (Engine Assembly Plant)
  National Health Service (NHS): New Cross Hospital
  Jaguar Land Rover
  In 2014 Jaguar Land Rover opened a £500 million Engine Assembly Plant at the i54 business park, Wolverhampton. Unveiled by Her Majesty, the plant produces 2.0-litre 4-cylinder Ingenium diesel and petrol engines. Having already been expanded once before, in 2015 it was announced that the factory would be doubling in size to 200,000 sq m (2,152,782 sq ft), costing $450 million. This expansion would see the workforce double from 700 to 1,400.
  Goodyear
  Goodyear opened a large factory on Stafford Road, Fordhouses, in 1927. However, it was decided in December 2003 that tyre production at the plant would be discontinued with the loss of more than 400 jobs. This came after some 2,000 job losses at the plant since 1997. The end of production came in 2004 but the factory remained open for tyre moulding and tractor tyre production.
  Wolverhampton Wanderers
  The varied success of Wolverhampton Wanderers since the club's formation in 1877 has also contributed to the economy of Wolverhampton. The club's greatest successes came between 1949 and 1960, when it won the league title three times and the FA Cup twice, as well as hosting a series of high profile friendly matches against Europe's leading club sides, also competing in two early editions of the European Cup. During this era, Wolves frequently attracted crowds of between 40,000 and 50,000. Wolves went on to win the Football League Cup in 1974 and again in 1980, spending all but three seasons outside the top division of English football during the first 35 years of postwar league football, and continued to attract strong crowds. But the 1980s saw a sharp decline in the club's fortunes, with three consecutive relegations, a sharp fall in attendances, and debts of more than £2million which almost put the club out of business. This decline also came at a time when the economy of Wolverhampton was struggling due to the early 1980s recession. Wolves enjoyed a surge in the late 1980s with two consecutive promotions, thanks largely to the prolific scoring of striker Steve Bull, and an upturn in attendances which also provided a boost to the local economy - as did the club's increased support during the 1990s, during which time the stadium was extensively rebuilt and its facilities improved, with its new features including a restaurant and office space. In 2018, Wolves won promotion to the FA Premier League for the third time in 15 years, and a year later reached its first FA Cup semi final since 1998, and further redevelopment of the stadium is planned.
caption: Water-tube boiler made in Wolverhampton
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