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Welsh Government Announces Details of £10m High Street Rates Relief Scheme


This article was originally posted on the Business Wales site. To view the original click here.

The £10m targeted relief scheme will support almost 15,000 shops, restaurants, pubs and cafes, including those which have seen their rates increase as a result of the independent Valuation Office Agency’s (VOA) revaluation, which comes into effect on April 1.

business-rates-imageThe high street rates relief scheme will also provide support to other retailers – some of whom have seen their rates decrease as a result of revaluation – who are struggling in the face of economic conditions and competition from online and out-of-town providers.

Eligible retailers will receive up to £1,500 off their non-domestic rates bill if they have a rateable value of £50,000 or less in the 2017 18 financial year.

For further information please visit the Welsh Government website.

Read our guidance on Business Rates relief in Wales .

Business News Wales