Loughborough
Prior to the 13th Century, the manor was held by the Earl of Chester Hugh Lupus. Lupus also happened to be the nephew of William the Conqueror. After Lupus, it was gained by Hugh Despenser who managed to establish a weekly market and two twice yearly fairs.
The Despensers dwelt in the manor until 1326, apparently the last two members of the family being hanged! Two more prestigious families came to the manor after the Despensers. The Beaumonts, who had residence until the last Beaumont in 1507 and the Hastings, who held it until the 19th Century.
Loughborough acquired it's own coat of arms in 1888. The actual design for the arms was based upon the three families mentioned above. The Black Bull's head represents the Hastings family, a black bar with cockle shells depicts the Despensers and the lion embodies the Beaumonts. The latin motto, In Veritate Victoria means "Victory lies in the truth."
Brief History
Lougborough main trades during the 16th, 17th and 18th century were in lace, hosiery, knitwear and wool. The canal systems which were established in the 19th Century allowed many towns to transport goods easier and more efficiently. Towns were beginning to expand and Loughborough was no exception. Loughborough took a setback during this period however when it was severely hit by the plague and populations levels fell over a ten year period.
Archdeacon Henry Fearon, knowing something had to be done, instigated a campaign for a local Health Board. Despite much opposition an Act of Parliament was passed in 1868 which allowed the Board to build a reservoir and a piped water supply and drainage system. The new systems helped the population to recover and new businesses were soon in town.
Today
Loughborough's market kept it's little niche after it's introduction courtesy of Hugh Lupus. Today it is a thriving affair which attracts local and non residents alike. The fair however is now just once an annual event and is held for three days in November.
Loughborough is a town that offers something for everyone. The weekly market provides a reasonably priced shopping venue in a rather picturesque setting, with historical buildings abound. One of these is the John Taylor Bell Foundry, most notable for it's 1881 casting of 'Great Paul' for St. Paul's Cathedral.
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