Business Rate Relief

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:05 pm on 16 October 2019.

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Photo of Rebecca Evans Rebecca Evans Labour 2:05, 16 October 2019

Well, I don't think it's fair to say that, whenever asked about this issue, I say it's for local authorities because, of course, we have Wales-wide schemes that are administered and there is no discretion to some of these schemes. So, for example, small business rates relief, that's a permanent small business rates relief scheme in Wales, providing over £120 million of relief this year. It's fully funded by Welsh Government, as opposed to across the border, where you'll find businesses subsidising other businesses. And more than 70,000 ratepayers across Wales receive assistance and, as I say, half of them pay nothing at all. That compares to a third of those in England. Alongside that, we also have our high streets and rate relief schemes. That's an additional £23.6 million available to support and enhance high streets, and we've expanded that so that it just doesn't involve shop and retail in that sense; it's expanded to pubs, to restaurants, to ensure that it supports the cafes and those other businesses that give our town centres a vibrant character. 

Where there is discretion for local authorities is in the additional £2.4 million, and that's where they have the discretion to target that support to specific local businesses or sectors that they think are particularly important to the life of their town. And I think that it really is appropriate for them to have that discretion there. Of course, rate reliefs themselves aren't going to be the panacea for all of the problems facing high streets, and that's why we have things like our loans for high streets, which is an extremely popular scheme, and that's revitalising high streets. We've got our town-centre regeneration work that is going on across Wales as well. So, there are many things that we are doing to revitalise our high streets, but I don't think any of us underestimate the challenge of that.