Highly skilled & loyal workforce
Our local economy is worth over 2 billion and contributes to the largest in the South West. North Devon’s productivity levels have grown faster than the national average, due in no small part to the loyal, flexible and skilled workforce – around one third of the population is educated to degree level or equivalent.
Labour costs are particularly competitive in North Devon and Torridge, and coupled with significantly lower rateable values for office space, retail premises and factories; you can see what great value for money the area offers.
We have good transport links – Exeter airport is an hour away, with flights to over 50 destinations in 25 countries world-wide. Journey times to London by train are around 3 hours from Tiverton Parkway, and we are less than an hour from the M5. Add to this the £100m+ investment bringing superfast broadband to rural Devon.
Space to grow
The District Councils aim to build on the strengths of the existing local economy and encourage sector development and new sector growth by allocating and providing land for employment development and supporting the modernisation of existing employment sites.
Great quality of life
Northern Devon offer a fantastic work-life balance and a truly inspirational environment. It’s easy to see that the area offers companies a different perspective that positively encourages growth.
Assisted area status
Assisted areas are those areas where regional aid can be offered to businesses, under European Commission state aid rules and are selected based on a combination of Commission guidelines, the potential to benefit from regional aid, and an assessment of economic need.
Click here to view wards that are included in the Assisted Area Status within North Devon & Torridge.