Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 1:38 pm on 7 December 2016.
I’d like to thank the Member for his question and say that that was one person within the FSB and many others in the FSB in north Wales have welcomed the Welsh Government’s cut to business taxes for small and medium-sized businesses in Arfon. The Member mentions the English scheme, but that applies to far fewer businesses. Our scheme will apply to around 70 per cent of businesses and around half of all eligible businesses will pay no rates at all. In terms of the support that we give to businesses in Arfon, I think it’s pretty clear that our assistance is paying dividends, as the number of enterprises operating in Gwynedd has reached a record high, with 15,786 businesses operating in that part of Wales. That’s reflected across the whole of north Wales as well, where a record number of businesses are now operating—just shy of 62,000.