He took over his father's ironworks in and around the Forest of Dean in the early 1670s and continued them until 1685 when he let them to John Wheeler and Richard Avenant, who had managed ironworks for his brother Philip Foley. In 1692, the two brothers entered into a partnership with these managers and John Wheeler's brother, Richard. This lasted until after Paul's death.[2]
Gentleman
Paul Foley had the resources from his father and the profits of his ironworks to buy himself a substantial estate around Stoke Edith in Herefordshire, part of which still belongs to a descendant. Important purchases included Stoke Edith from the trustees of Sir Henry Lingen in 1670 (made by his father),[3] and other property from Sir Thomas Cooke in 1683.[4] He rebuilt the house at Stoke Edith and laid out formal gardens and a park (which he had a royal licence to empark.[3][5]
^Schafer, R. G. (1971). "Genesis and Structure of the Foley 'Ironworks in Partnership' of 1692". Business History. 13: 19–38. doi:10.1080/00076797100000002.
^Archenfield Archaeology Ltd, Swan House, Tarrington, Herefordshire: archaeological monitoring and building recording (2001), 5, citing Herefordshire Record Office, E12/IV/163/5 Archaeological Data Service.
^ abKey, Newton E. "Foley, Paul (1644/5–1699)", Oxford Dictionary of National Biography, Oxford University Press, Sept 2004; online edn, May 2008 [1], accessed 1 September 2009
^"House of Commons Journal Volume 11: 14 March 1695". Journal of the House of Commons: Volume 11, 1963–1967. London: His Majesty's Stationery Office. British History Online. 14 March 1695. Retrieved 26 September 2021.
^Cliffe, John Trevor. The Puritan gentry besieged, 1650–1700 (1993), pp. 103–8.
^Strong, George (1848). The Heraldry of Herefordshire: Being a Collection of the Armorial Bearings of Families Which Have Been Seated in the County at Various Periods Down to the Present Time. LONDON: Churton Press.