Commenting on the news that Welsh Government will extend 100% business rates relief for a further 12 months for tourism, hospitality and retail firms, Ben Francis, FSB Wales Policy Chair, said:
“Businesses in Wales will be delighted that Welsh Government has listened to campaigning from FSB and extended the business rates holiday for retail, hospitality and leisure firms for another year and we very much welcome this response from the Government.
“Business rates represent a significant financial obligation for many businesses and having the rates holiday in place for longer will remove a huge amount of pressure, provide an element of financial certainty and will be a big step towards recovery for thousands of businesses.
“This is one part of the economic recovery, and we look forward to working with Welsh Government as we continue to support firms through the Coronavirus pandemic and into rebuilding our economy and communities.”