The local economy is worth over £2 billion and North Devon’s productivity levels have risen faster than the national average. North Devon has Assisted Area status, so businesses are able to access higher levels of funding, one of the reason’s why North Devon is a popular relocation destination.
The Atlantic and Bristol Channel coasts attract prestigious companies from marine-based industries such as Babcock International, SEA and Seiche and North Devon Tidal Demonstration Zone will further strengthen this area’s marine capabilities, particularly for the marine energy supply chain.
Appledore Quays lie on the western bank of the River Torridge. The Port includes wharfs and docks, marine sand and gravel wharfs, Appledore Fishdock and boat building and repair facilities. Ilfracombe Port can be accessed for most of the tide and has direct access to deep water immediately outside the harbour entrance. North Devon’s Yelland Quay with a large jetty with crane, docks and nearby Maritime Employment Campus and Marine Energy Park, can take large vessels.
Other strong sectors include pharmaceuticals and aerospace, advanced engineering and manufacturing. With a site in North Devon, Actavis Pharmaceuticals is the 4th largest manufacturer of pharmaceutical products for the private label market and Aerostanrewsupplies Airbus and Boeing.
The team at North Devon can provide assistance and further information, please contact them at http://www.investnorthdevon.co.uk/