Areas in North Devon, including Barnstaple, have recently been awarded Assisted Area Status. This marks Barnstaple and North Devon as an area with potential for growth in business and manufacturing.
This means companies such as Dymond Engineering & Metal Products could be eligible for regional aid and funding initiatives as well as certain tax incentives.
Business Minister Michael Fallon said the intention is to support businesses “to create jobs, invest in new premises or machinery, develop and grow”.
The new Assisted Areas Map below still needs to be approved by the European Commission and should be issued by July.