Major gains for businesses moving to Wales
The devolved government of Wales continues its decidedly pro-business stance, with the benefits for businesses moving to the country as pronounced as ever. A small country reliant on independent funding, Wales has the advantages of a fast, dependable infrastructure and a business-positive outlook shared by both its government and its citizens.
Given this attitude, it’s no surprise that Wales has the best financial packages in the UK, and a ready-made workforce with one of the most impressive skill bases in Europe. Equipped with all the transport and proximity bonuses of nearby London, Wales offers far more for your money in terms of property and staff costs. Recent land registry figures place the average house price in Wales at £118,762, a far cry from the staggering London average of £461,453. Likewise, renting office space costs around £21 per square foot, as opposed to £90 a square foot in London. That’s a bonus even before you consider the purposeful placement of office space near transport hubs.
But cost isn’t the only thing that makes moving a business to Wales a positive in terms of both finances and lifestyle. A small country with an incredibly close-knit business community, operating in Wales means that key Welsh business contacts are never very far away. There’s also a professional advisory sector with lawyers and accountants, and just like property prices, their fees are far below their equivalents in London – and even in Manchester and Leeds.
A beautiful place to be, Wales has outstanding levels of natural beauty conducive to creative business practises. This is only one of the reasons why the productivity levels of Welsh workers is so high – over 25% higher than their equivalents in advanced materials and manufacturing work. Of course, these fringe benefits are complemented by direct business benefits, such as the £100 million investment fund for life sciences.
Taking advantage of the benefits of moving your business to Wales is easier than ever thanks to the services of Just Ask Wales. The Welsh Government is eager to act as a long-term partner for businesses, and Just Ask Wales provides one-to-one guidance and expertise to help businesses settle and succeed in Wales.
Businesses who engage with Just Ask Wales are given a dedicated business development professional who assesses their business needs and uses that knowledge to find the best opportunities available when moving to Wales. They don’t stop there, helping with everything from choosing location and premises to establishing business and governmental contacts. The same staff handle individual businesses, meaning that months and even years after the initial move, large businesses can still depend on unique, tailored advice to help them grow.
The list of success stories of large business who have moved to Wales is always growing, including world renowned names and brands such as GE, Toyota, Tata Steel, Barclaycard, Cadbury, IBM, Airbus, Amazon, British Airways, Deloitte, HSBC and Sony.
Brought to you in association with Just Ask Wales