The money, part of £3.75m of Government funding to be shared nationally, will be administered by West Devon Borough Council.
Small green spaces, are important places for local communities to relax, exercise, meet with friends and play, they are quiet oases in an urban setting which benefit the entire local community.
The funds were awarded to Made-Well CIC for a disabled access and all ability play area on their site at Hatherleigh. Made-Well provides purposeful and positive opportunities for all people, especially those with learning and physical disabilities, mental illness and loneliness.
The play area will include four pieces of accessible equipment, including a team swing seat, gravity rider, gravity bowl, a slide and climbing frame set.
West Devon Borough Council's Lead Member for Communities, Cllr Terry Pearce, said: "We are thrilled to be able to help with administering the Pocket Park funding for Made-Well, who carry out such vital work supporting people in our community.
"Communities, Wellbeing and Environment are three of our six key strategy areas for West Devon, so it's fantastic to be able to help with a project that involves them all. As a Council, we will always try to support local groups and projects whenever possible, in any way we can."
Laura Feaver, a member of the Management Team at Made-Well, said: "We feel that the addition of the play area will enhance the experience of coming to Made-Well for all visitors, and offer extra ways to relax and enjoy the green spaces here.
"Ground and drainage works are now nearly complete. The equipment and turf will be installed in June and we hope that the play park will be open for use soon after."
For further information about funding for community projects in West Devon, go to https://www.westdevon.gov.uk/article/3854/Community-Grants-Funding
For more information about Made-Well, please visit www.made-well.co.uk