New support for businesses to pay their bills
New business rates relief schemes will provide support to small and local businesses.
The sectors supported are:
· Childcare - the childcare rates relief scheme will provide 100% rates relief for childcare providers
· Hydropower - the continuation of the grant scheme will provide support to eligible projects, with a rateable value of up to £50,000, to retain the maximum possible benefit for their local area enabling them to re-invest in their local community
· Retail - the high street rates relief scheme was originally launched in April 2017 and is being extended and expanded in 2019-20, the enhanced scheme will go significantly further than in previous years, providing retailers with up to £2,500 towards their non-domestic bills for properties with a rateable value of up to £50,000
For further information please visit the GOV.Wales website.