Assisted Areas Status

A number of areas in North Devon have been given Assisted Areas Status, which gives local businesses in these areas better access to regional aid. The main schemes which include offering regional aid are:

  • Regional Growth Fund - this supports projects that are using private sector investment to create economic growth and sustainable employment. More information is available on GOV.UK
  • Selective Financial Assistance - provides support for investment in Northern Ireland, including cash grants for capital investments, employment, interest relief plus support for a variety of business operations such as research and development, training and marketing. Find out more on the Invest in Northern Ireland website

There are also tax benefits associated with Assisted Areas. Full details and a map are available on GOV.UK.

'Unlocking Business Investment' programme

Businesses in northern Devon can also apply for up to £499,000 worth of funding. Full details are available on the North Devon Plus website.