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20/12/2017 - Permanent Small Business Rate Relief Scheme For Wales

Finance Secretary Mark Drakeford has announced a permanent small business rate relief scheme will be introduced in Wales from 1 April 2018.

The new permanent scheme will limit the number of properties eligible for small business rate relief to two per business in each local authority, preventing larger businesses and national chains from benefiting from the scheme.

This will allow relief to be targeted more effectively to support small and local businesses and release £7m every year to be re-invested to support small businesses.

In addition to providing more than £110m of support for small businesses in Wales every year, the new permanent small business rate relief (SBBR) scheme will also provide:-

-  Additional support for the childcare sector, increasing the upper threshold for rates relief for childcare providers from £12,000 to £20,500.

-  Targeted support for small hydropower projects, in line with the Budget agreement with Plaid Cymru.

-  £5m to extend the temporary high street rates relief scheme into 2018-19

-  An extra £1.3m for local authorities for 2018-19, for them to use their discretionary powers to provide targeted relief to support local businesses which would benefit most from additional assistance.

For further information please click here

The GBN Board of Directors

GBN is formed as a company limited by guarantee with a current board of seven directors:

Directors

John Lloyd
Inigo Jones & Co Ltd
Y Groeslon

Gill Richards MBE 
Gwynedd Business Network
Bangor

John Morris
J Morris Consultancy 
Barmouth

Wyn Roberts
Aqua Marketing
Caernarfon

Samantha Evans
Mwnci Bach
Blaenau Ffestiniog

Gwyn Jones
Oriel Plas Glyn-y-Weddw
Llanbedrog

Sian M Williams
Griffith, Williams a'i Gwmni
Pwllheli

Owain Lloyd Williams
Natwest
Porthmadog

 

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