The Welsh Assembly government has extended its high street business rate relief scheme for 2020-21.


C-store in Cardiff

The £24.2m scheme, which was first launched last year, will benefit over 15,000 small businesses, according to Welsh finance minister Rebecca Evans AM.

Under the scheme, retail properties with a rateable value up to £9,100 will pay zero rates while those with a rateable value of up to £50,000 will receive up to £2,500 off their rates bill.

A further £2.4m will be allocated to local authorities to provide additional discretionary rates relief for local businesses.

Association of Convenience Stores chief executive James Lowman said: “This is a welcome announcement for convenience stores and other retail businesses across Wales. Extension of this scheme will help enable retailers to invest in their stores and continue providing essential products and services to their local communities.

“It is imperative that the Welsh Government continues to support these businesses which are a lifeline to the communities that they serve.”

Figures from the ACS 2020 Welsh Local Shop Report show that there are 2,931 convenience stores in Wales, 84% of which are independently owned.