A new study has found the top places in the UK to open a business based on the best value for money, with several Welsh areas making the top 10.

Commercial property marketplace EG Propertylink gathered data for the average property area per square foot, average lease per square foot, properties available for letting and properties available for sale per 100,000 to create an index score out of 100 for each area in the UK. The areas were then ranked from highest to lowest scores.

Top 10 places to open a business for value for money

Chloe Ward, Product Manager at EG Propertylink, commented on the findings:

 “Some of the best locations in the UK for business space value-for-money offer high-quality office space at more competitive prices. Cities in the North of England and regions like Wales provide businesses with affordable rents, strong local economies, and supportive growth environments, making these areas ideal for expanding companies.

“While the City of London is known for its prestige and high business activity, certain areas within it have become surprisingly affordable for office space, as reflected in this study. Recent shifts in demand and increased flexibility in leasing have opened opportunities for businesses to secure prime locations at lower rates than expected.”