The Atlantic and Bristol Channel coasts attract prestigious companies from marine-based industries such as Babcock International and J&S Marine. The proposed North Devon Tidal Demonstration Zone will further strengthen this area’s marine capabilities, particularly for the marine energy supply chain.
Other strong sectors include Pharmaceuticals and Aerospace, Advanced Engineering and Manufacturing. Actavis Pharmaceuticals is the 4th largest manufacturer of pharmaceutical products for the private label market, Perrigo, world-leading manufacturer of store branded pharmaceutical products and Aerostanrew which supplies Airbus and Boeing.
The local economy is worth over £2 billion and North Devon's productivity levels have risen faster than the national average. Around 1/3 of the population is educated to degree level or equivalent. The scenery is breath-taking. North Devon has Assisted Area status, so businesses are able to access higher levels of European funding, all making North Devon an extremely popular investment destination