Abstract
THE industrial trading estate is a product of the inter-war period. It is well known that it had an important influence on the growth and location of new enterprise, but little systematic study has been made of the economic aspects of trading estates.2 The purpose of this paper is to deal with some features of this development with special reference to the estate at Slough, in Buckinghamshire, In more detail the paper mainly relates to the development of new types of manufacturing enterprise (often described in the 1930's as 'modern, light industries') and to the rates of failure of firms in the process of this development. The main features of a trading estate are: (1) control by one central authority, sometimes a private firm, sometimes a public or semi-public authority, of an area of land to be used exclusively as sites for factories and sufficient in size to hold a large number of firms; (2) erection of factories, usually of a standard design although of varying sizes and often built in 'advance of demand'3 by the central authority to be leased, not sold, to
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