Barnstaple as a whole (94.2% White British). Barnstaple has a similar ethnic make-up compared with other south west towns, like Truro and Cullompton. North Devon is some distance from the UK's traditional areas of industrial activity and population. In the late 1970s Barnstaple gained a number of industrial companies due to the availability of central government grants for the construction of factories and their operation on low or zero levels of local taxation. This was only partially successful, with few of these lasting more than the few years that grants were available. One success was the manufacturing of generic medicines by
Barnstaple Bay. The name is first recorded in the 10th century and is believed to derive from the Old English "bearde", meaning "battle-axe", and "stapol", meaning "pillar", referring to a post or pillar set up to mark a religious or administrative meeting place. The belief that the name derives from "staple" meaning "market", indicating that there was a market here from the foundation of the settlement, is incorrect, because the use of "staple" in that sense is not recorded in England before 1423. Barnstaple was formerly referred to as "Barum", from a contraction of the Latin form of the name (ad