For upcoming dance producers starting up their career here are some tips on how you can create your own home studio based on your budget. Here are the major things you will be needing to set up your studio. Electronic sounds, decent speakers, and simple interfaces. Now with a little extra on your pocket, you can always go after the proper synth but for starters, an iPad will do.
Here is a list where you can work your budget around yet get decent enough gear.
Budget: £500 or less
For your software, the Korg Gadget can bring you superb touch sequencing at it will only cost you £38.99