Delyn AM Hannah Blythyn said the Welsh Labour Government’s decision to extend the high street rates relief scheme for 2019-20 is an endorsement of local businesses.
High street businesses and other retailers in Delyn will each receive a £2,500 cut to their business rates next year as the Welsh Government invests £23.6m to enhance and extend the high street rates relief scheme in 2019-20.
Around 15,000 businesses across Wales, including shops, restaurants, cafes and pubs will receive enhanced support to pay their rates bills from April 2019.
Hannah Blythyn AM said: “This scheme is about backing the diverse range of high performing and successful businesses across Delyn which are essential to our local economy and deliver key employment.
“Our high streets remain at the heart of our communities where we shop, work, eat and socialise.
“The current economic conditions and competition from the internet and out-of-town shopping centres are having an impact on small businesses and this Welsh Government scheme will ensure many small businesses receive support to pay their bills and can continue to provide much-needed services to their local communities.”
The Welsh Government set up the high street rates relief scheme in April 2017 to provide bespoke support to retailers affected by the 2017 revaluation by the independent Valuation Office Agency and by the growth in internet sales.
It was extended into 2018-19 to provide further support for high street businesses.
The enhanced scheme for 2019-20 will go further than in previous years providing eligible businesses with up to £2,500 off their non-domestic rates bills.