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Creating a strong and sustainable local economy

We will support high growth business sectors such as marine engineering, defence, photonics and digital, as well as our traditional strengths of tourism, agritech and food production. Through creating a strong and sustainable local economy, we can increase productivity and pay across Devon and Torbay.

Support available for local businesses

There’s lots of support available for local businesses. Below you will find links to some support offers in the region.

Current business support programmes

UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF or the Fund) is a central pillar of the UK government’s ambitious Levelling Up agenda and a significant component of its support for places across the UK.

There are three investment priorities:

  • Community and Place
  • Supporting Local Business; and
  • People and Skills.

The funds for 2025/26 were allocated by the DTCCA to districts based on the previous year allocation.

To view UKSPF information for each area in the region, follow the links below.