North Devon+ Welcomes Assisted Area Status
PRESS RELEASE
For immediate release: 01/05/2014
North Devon+ has welcomed the announcement by government that additional areas in Northern Devon have been recommended for Assisted Area Status.
Assisted Area Status determines the locations that are eligible to receive additional economic support across the UK.
The areas recommended for Assisted Area Status include several wards in Torridge and North Devon.
Andy Lobato, North Devon+ Chairman said:
“Assisted Area status will be a massive boost for inward investment, growth and sustainable employment across Northern Devon. Assisted Area status makes large businesses eligible to apply for regional aid, with improved intervention rates for small and medium enterprises (SMEs).
“Support is typically offered as capital investment for businesses in less prosperous local economies. Programmes in England that offer regional aid include the Regional Growth Fund (RGF). This news on the back of the recent multimillion RGF 5 program awarded to North Devon+ should materially help businesses in Northern Devon.”
For further information on Assisted Area Status visit https://www.gov.uk/government/consultations/assisted-areas-map-2014-to-2020-stage-2
Notes to Editors
For more information regarding this press release contact: Emma Parker Reynolds at Coast on 07944 360631 or the Coast main office on 01752 847135.
About North Devon
North Devon is the chief economic delivery agency for North Devon and Torridge. We aim to deliver positive change, creating a more productive economy and more prosperous communities. Our role is to ensure our area thrives as a place in which to live, learn, work and visit. Our primary focus is on regeneration, tourism and business development. We work with Torridge District Council, North Devon Council, Devon County Council and the private sector to deliver projects and initiatives that encourage and support business growth, improve quality of life, and address social and economic inequalities. North Devon is a member of the National Enterprise Network. To find out more visit www.northdevonplus.co.uk
Tags: