What steps is the Cabinet Secretary taking to protect non-domestic rates relief for businesses in the hospitality, retail and leisure sector?
Answered by Cabinet Secretary for Finance and Welsh Language
| Answered on 10/10/2024
The Welsh Government has allocated £78m this year to provide a fifth successive year of non-domestic rates relief for retail, leisure and hospitality businesses.
Many businesses in the retail, leisure and hospitality sectors will continue to benefit from our package of permanent reliefs worth £250m annually. In particular, Small Business Rates Relief provides over £140m of support to around 70,000 properties, with over 50,000 of these paying no rates at all.