In his will of 1674 wealthy textile manufacturer and Tavistock resident Nicholas Watts created a permanent endowment for the residents of Tavistock. Over the years this fund has been widened to cover people across Devon but with priority to those in and near Tavistock and is currently in given via two awards: The Tremayne Fund and The Browndsen Fund. These funds are intended to help local people today in coping with their cost of living and home expenses with an additional award available to assist a Tavistock-educated youngster further their education or vocational training.
A full description of these awards and details of eligibility and how to apply is contained in this PDF document.