Ellesmere Canal from Hurleston to Llangollen was retained as a water feeder for the Shropshire Union Canal main line and for drinking water. In 1955 an agreement with the Mid & South East Cheshire Water Board secured the canal's future. Despite the formal closure, increasing popularity of the canal with pleasure boats led to its acceptance as an important amenity, and the rebranding as the Llangollen Canal. As the canal was never intended to go to Llangollen, this renaming is an ironic twist symbolic of the canal's convoluted development. The Ellesmere Canal south of Frankton Junction (the Llanymynech Branch) nowadays forms part
Llangollen of 4,079. Today Llangollen relies heavily on the tourist industry, but still gains substantial income from farming. Most of the farms in the hills around the town were sheep farms, and the domestic wool industry, both spinning and weaving, was important in the area for centuries. Several factories were later built along the banks of the River Dee, where both wool and cotton were processed. The water mill opposite Llangollen railway station is over 600 years old, and was originally used to grind flour for local farmers. In the late 19th century, Llangollen had a weekly newspaper, the "Llangollen Advertiser".