It is one of the Fenland rivers which were laid out with washes. There are two channels between widely-spaced embankments with the intention that flood waters would have space in which to spread while the tide in the estuary prevented free egress. However, after the floods of 1947, new works such as the Coronation Channel were constructed to control flooding in Spalding and the washes are no longer, of necessity, pasture but may be used for arable farming.
Outside the banks lies fertile arable land, much of it marine silt, which suits the bulb-growing for which Spalding is famous, though this is less a feature of Spalding than it once was.
Etymology
The river name is from Celtic, and may mean something like "good river" (equivalent to Humber. An undated record of the name refers to the place as Weolud.
The current spelling of the name is a corruption of the Celtic, and appears to have been influenced by "well land", implying fertile land for pastures.
The river, in its upper reaches, supports a wild brown trout population. Chub and perch dominate the middle reaches around Stamford, with pike, perch and zander inhabiting the lower lengths around Spalding.