Welsh government extends business rates holiday for 12 months

The business rates holiday for the retail, leisure and hospitality sectors in Wales will be extended for a further 12 months, finance minister Rebecca Evans has announced.

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.”

This means hospitality businesses in Wales and Scotland will both pay no business rates for a further year, while for businesses in England the chancellor only extended the rates holiday into the first three months of the next financial year, with a discount for the remaining nine months.

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