https://newprosperitydevon.org. Devon, a county renowned for its picturesque landscapes and thriving communities, is witnessing a surge in collaborative efforts aimed at fostering local development. Central to many of these initiatives is the work spearheaded by New Prosperity Devon, an organisation dedicated to empowering residents and businesses alike. The core mission revolves around creating sustainable opportunities and enhancing the quality of life for everyone in the region. Understanding the challenges and opportunities unique to Devon is paramount, and organizations like New Prosperity Devon are instrumental in bridging the gap between local needs and available resources. This involves a multifaceted approach, encompassing economic regeneration, environmental stewardship, and social inclusion.
The success of these ventures depends not only on financial investment but also on the active participation of the community. Local knowledge, skills, and enthusiasm are invaluable assets in driving positive change. New Prosperity Devon actively encourages community involvement through workshops, consultations, and collaborative projects. These engagements ensure that the initiatives undertaken are truly reflective of the priorities and aspirations of the people they serve. The organization serves as a catalyst for innovation, connecting different stakeholders and fostering a spirit of cooperation throughout Devon. Their approach is holistic, acknowledging the interconnectedness of economic, social, and environmental factors.
A cornerstone of New Prosperity Devon’s work is the provision of support to local businesses and entrepreneurs. Recognising that small and medium-sized enterprises (SMEs) are the backbone of the Devon economy, the organisation offers a range of services designed to help these businesses thrive. This includes access to funding, mentorship programs, and business development training. Specifically, they focus on assisting businesses with developing robust business plans, navigating the complexities of regulatory compliance, and accessing new markets. The organisation understands that starting and running a business can be daunting, and strives to create a supportive ecosystem where entrepreneurs can flourish. They also proactively advocate for policies that promote a favourable business environment within Devon. This involves working with local authorities and lobbying for initiatives that reduce red tape and encourage investment.
Securing funding is often the biggest challenge for small businesses. New Prosperity Devon actively works to connect businesses with a variety of funding sources, including grants, loans, and angel investors. They also offer expert financial guidance to help businesses manage their finances effectively and make informed investment decisions. This includes workshops on cash flow management, budgeting, and financial forecasting. They also assist businesses in preparing compelling funding proposals that clearly articulate their business model and financial projections. Furthermore, New Prosperity Devon understands the importance of responsible lending and encourages businesses to seek advice before taking on debt, ensuring long-term financial sustainability. Their expertise extends to navigating the often-complex world of government grants and tax incentives.
| Devon Business Fund | Grants for SMEs undertaking projects that create jobs or stimulate economic growth. | Registered SME in Devon, minimum project cost of £5,000. |
| South West Investment Fund | Loans and equity investment for businesses with high growth potential. | Businesses based in the South West, demonstrating a strong business plan. |
| Rural England Grant | Support for rural businesses undertaking environmental or social impact projects. | Business operating in a rural area of Devon, demonstrating positive community benefit. |
The organisation continually seeks new funding avenues and actively promotes grant opportunities to businesses across Devon. They do so through newsletters, online updates and dedicated events.
In today’s digital age, access to reliable internet connectivity and digital skills are essential for both businesses and residents. New Prosperity Devon recognises this and is actively working to improve digital infrastructure and provide training opportunities. This includes advocating for the rollout of superfast broadband to underserved areas of Devon and offering digital skills workshops for individuals and businesses. The workshops cover a wide range of topics, from basic computer skills to advanced digital marketing techniques. They target different skill levels, ensuring that everyone has the opportunity to enhance their digital literacy. They aim to bridge the digital divide, empowering residents and businesses to fully participate in the digital economy. Investing in digital connectivity and skills is viewed as crucial for attracting investment, creating jobs, and improving the overall quality of life in Devon.
New Prosperity Devon’s digital skills training programmes are designed to be practical and relevant to the needs of the local economy. The programmes are delivered by experienced trainers and are tailored to different industries and skill levels. Courses cover social media marketing, website development, data analytics and e-commerce. They provide a comprehensive approach to digital skill development. For example, a recent initiative focused on helping local retailers establish an online presence. This involved providing training on setting up an online store, managing social media accounts, and processing online payments. The programme resulted in a significant increase in online sales for participating businesses. The organisation emphasizes the continued need for upskilling and reskilling, recognising that the digital landscape is constantly evolving.
To ensure sustained digital competence, they facilitate ongoing mentorship and provide access to online learning resources.
Tourism is a significant contributor to the Devon economy, but it also has the potential to impact the environment and local communities. New Prosperity Devon is committed to promoting sustainable tourism practices that minimise negative impacts and maximise benefits. This involves working with tourism operators to implement environmentally friendly practices, such as reducing waste, conserving water, and using renewable energy sources. They also encourage the development of tourism products that showcase Devon’s unique cultural heritage and natural beauty in a responsible manner. They support initiatives that promote responsible visitor behaviour, such as encouraging the use of public transport and respecting local customs. The goal is to create a tourism industry that is both economically viable and environmentally sustainable, ensuring that future generations can enjoy Devon’s natural assets.
A key element of sustainable tourism involves supporting local producers and craftspeople. New Prosperity Devon actively promotes local products and encourages tourists to buy local. This can be achieved through farmers' markets, craft fairs, and online marketplaces. By buying local, tourists can contribute directly to the Devon economy and help to preserve traditional skills and crafts. The organisation also works with local businesses to develop tourism products that showcase Devon’s unique agricultural heritage and culinary traditions. For example, they support farm-to-table dining experiences and culinary tours that highlight local produce. The benefits are far-reaching, supporting local livelihoods and strengthening the connection between visitors and the community.
This integrated approach ensures that tourism contributes positively to the local economy and community well-being.
Access to quality infrastructure – roads, public transport, schools, healthcare facilities – is essential for a thriving community. New Prosperity Devon actively works to secure investment in community infrastructure projects across Devon. This involves lobbying for funding from government sources and private investors, as well as supporting community-led initiatives to improve local amenities. They recognise that investing in infrastructure is not just about bricks and mortar; it’s about improving the quality of life for residents and creating opportunities for economic growth. Their advocacy includes improvements to public transport links like bus and train services, making them more accessible and affordable for residents, especially in rural areas. They also focus on enhancing digital infrastructure to support remote working and access to online services. A thriving community needs robust and accessible infrastructure.
Effective collaboration is vital for addressing complex challenges and achieving lasting positive change. New Prosperity Devon operates as a central hub, fostering collaboration between diverse stakeholders, including local businesses, community groups, local authorities, and government agencies. They actively convene meetings, workshops, and networking events to facilitate dialogue and cooperation. This collaborative approach ensures that initiatives are aligned with local needs and priorities and that resources are used effectively. The organisation views itself as a facilitator, bringing together the right people to find innovative solutions to complex problems. This interconnectivity supports a comprehensive approach to local development, amplifying the impact of individual efforts.
Looking ahead, New Prosperity Devon is exploring innovative approaches to community wealth building, focusing on models that ensure local residents directly benefit from economic growth. This includes promoting cooperative ownership models, supporting social enterprises, and developing community land trusts. A recent pilot project involved establishing a community energy scheme, which allowed residents to collectively invest in renewable energy projects and share in the profits. This demonstrated the potential for local ownership to create both economic and environmental benefits. They are actively researching and implementing successful models from other regions to adapt them to the unique context of Devon, aiming for long-term sustainable prosperity.
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