The Welsh Government has announced that shops, leisure and hospitality businesses with a rateable value of £51,000 or less will receive 100 per cent business rate relief. Pubs with a rateable value of between £51,000 and £100,000 will receive a £5,000 reduction on their bill.
The announcement follows a £475 million boost in funding provided by the UK Government to the Welsh Government. This is on top of the £360 million made available at last week’s budget.
The Chancellor has announced a further significant package of measures to help business and the economy, with more announcements expected over the coming days and weeks.
Please do keep up to date with the advice and guidance being provided by both the UK Government and the Welsh Government. You can follow developments through either the Prime Minister’s daily briefing, which takes place at around 17:00 each day and is televised on BBC News, or through the websites of both governments, these are as follows:
- UK Government: https://www.gov.uk/government/topical-events/coronavirus-covid-19-uk-government-response
- Welsh Government: https://gov.wales/topic/980/latest