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 and it was the largest textile centre outside Exeter until about 1600. Its wool trade was further aided by the town's port, from which in 1588 five ships were contributed to the force sent to fight the Spanish Armada. Barnstaple was one of the "privileged ports" of the Spanish Company, (established 1577) whose armorials are visible on two of the mural monuments to 17th century merchants in St Peter's Church, and on the decorated plaster ceiling of the former "Golden Lion Inn", 62 Boutport Street (now a restaurant next to the Royal and Fortescue Hotel). The developing trade with America