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Rates Holiday Extended for Wales Businesses

Rates Holiday Extended for Wales Businesses

Welsh retail, leisure and hospitality sectors, have been granted a 12-month long business rates holiday extension, by Welsh Government, following a similar extension for England based businesses, announced in yesterday’s budget.

This £380m package for Wales will support retail, leisure and hospitality businesses whose rateable values are up to £500k, with a 1-year business rates holiday.

Welsh Finance Minister, Rebecca Evans, said:

“The Welsh government has worked tirelessly to ensure businesses in Wales have access to the most generous business support package anywhere in the UK.

“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.”

Let’s Talk

If you are a Welsh business in the HTL sector and need some support or advice, don’t hesitate to get in touch we can help. We have offices in Carmarthen, Tenby, Haverfordwest and Lampeter. Email info@lhp.co.uk or ring 01267 237534.

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