Where should I start my Business?
You could start your business from home
Not all businesses operate from factories or commercial premises. If you are thinking if starting a business, you could consider the possibility of running it from your own home as you may find it helps you to:
- Save on starting up costs as you don't need premises
- Save time that would be spent on looking for suitable property
- Avoid getting tied up into tenancy agreements
- Get help from family and friends
- Flexible hours, particularly if you are still in education or working
- Save on time and money spent travelling to work
But there are also a number of considerations, particularly if you live at home or in rented accommodation. Working from home can affect mortgage, home insurance, tax, other people living in your house and even your neighbours.
You may also have trouble with:
- Distractions and interruptions
- Loneliness or isolation
To find out more about running a business from home, read the guide on the Business Wales website on Starting a Business from Home (Business Wales website).
You could start your business from a hub or other shared space
There are hubs and other shared spaces located all across Wales.
The regional Hubs will be in:
Wrexham and M-Sparc, Gaerwen with spokes in Conwy Business Centre, Porthmadog, Ruthin, Llangefni, Rhyl, Botwnnog and Dolgellau
Pryce Jones building, Newtown with spokes in Innovation and Enterprise campus at Aberystwyth University, UWTSD Lampeter and Coleg Ceredigion campuses
ICE, Caerphilly with satellites to be confirmed with the Valleys Task Force in Merthyr, Blaenau-Gwent, Bridgend, Torfaen and Rhondda Cynon Taf
Yr Egin, Carmarthenshire with spokes in Bridge Innovation Centre Pembrokeshire, The Beacon Llanelli, and Coleg Sir Gar
Entrepreneurs at the hubs will have access to the breadth of support available from Business Wales as well as from partners including colleges, universities, local authorities and the Development Bank of Wales, providing a well-connected, simple and visible support system for entrepreneurs, as championed by Be The Spark.
The Wrexham Hub officially opened in May 2018 and already houses 40 members. It is anticipated that the remaining 4 Hubs will be fully operational by January 2019.
For more information on choosing a premises go to the Business Wales Premises Guide
Search our Business Wales Property Database for commercial land and property, available for sale and rent throughout Wales