Friday, March 5, 2021

Welsh Government's coronavirus update

Latest coronavirus update from the Welsh Government (dated yesterday) is:

  • The 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.
    • The £380m package provides retail, leisure and hospitality businesses with rateable values up to £500k, and charities in Wales with a straightforward year-long business rates holiday – going beyond what has been announced in England – providing a much-needed boost for small and medium sized businesses struggling to cope with the impacts of the pandemic.
    • This relief package, in combination with our existing Small Business Rates Relief scheme will ensure that more than 70,000 businesses will continue to pay no rates at all in 2021-22.
    • https://gov.wales/business-rates-holiday-extended-12-months 

  • Deputy Minister for Housing and Local Government Hannah Blythyn has announced a £15.2m ‘placemaking’ funding package to help Wales’s town centres build back better.

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