Live/work offers many cost savings. With residential and office costs rising fast, combining the two has great appeal. There are also environmental benefits, with fewer resources required to build and run a single property.

The time and money saved on the daily commute is also an important factor as are the associated savings in fuel and emissions.

Perhaps most importantly, live/work can play a crucial role in urban and rural regeneration and sustainability. It can breathe new life into deprived areas, creating communities of economically active residents, helping the development of small businesses and providing inward local investment. Young professionals are particularly drawn to these areas if the right facilities are provided.

Live/work can act as a stepping-stone for new businesses as they benefit from reduced start up costs. It can also encourage a variety of high quality businesses to operate in close proximity, enabling workers to network, gaining skills, knowledge, contacts and contracts from each other.

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