Retailers in Wales are to have the business rates holiday extended.
The Welsh Government says retail, hospitality and leisure high street premises with a rateable value of up to £500,000 will not have to pay business rates until 31 March 2022.
The £380m package, in combination with the existing Small Business Rates Relief scheme, will benefit up to 70,000 businesses, it says.
‘The Welsh government has worked tirelessly to ensure businesses in Wales have access to the most generous business support package anywhere in the UK,’ Rebecca Evans, Welsh finance minister says.
‘Our targeted, responsible approach has allowed us to dedicate more funding for business support than we have received from the UK government. I am pleased to confirm that our 100% rates relief package for those hardest hit sectors will continue for a further 12 months, protecting jobs and businesses across Wales.’
