Skip To The Main Content
13 December 2017

Comment on the Welsh Government announcement of a permanent business rates relief scheme for Wales

Commenting on the Written Statement from the Cabinet Secretary for Finance on the business rates relief scheme, Ben Cottam, FSB Wales Head of External Affairs, said:

“Business rates have posed significant concerns for some small businesses in recent years, and so we welcome the stability and certainty that making the relief scheme permanent will begin to provide. This is something that we campaigned for during the National Assembly elections in 2016. We also support moves towards ensuring that rates relief is targeted at the businesses that need it most. Increased support for childcare providers is also a welcome development.

“However, we would like to have seen the Welsh Government split the multiplier between large and small properties to release an estimated £9 million a year which could have further supported smaller firms, making the system more progressive.

“It’s also crucial Welsh Government look at wider reforms to the rates system. In the budget last month, the UK Government pledged a move towards more frequent revaluations, which is something that FSB has been calling for in Wales for some time, and it is disappointing that there has been no movement on this. This is particularly important given that it could increase the responsiveness of the business rates system to wider economic conditions.”