The Welsh Government will be providing a further package of non-domestic rates support for businesses throughout Wales in 2025-26.
WG will be investing an additional £78m to provide a sixth successive year of support for the retail, leisure and hospitality sectors with their non-domestic rates bills. This continued support recognises the economic pressures faced by these businesses in recent years and builds on £1bn of support allocated through our Retail, Leisure and Hospitality Rates Relief schemes since 2020-21.
Eligible ratepayers will continue to receive 40% non-domestic rates relief for the duration of 2025-26. As in previous years, the relief will be capped at £110,000 per business across Wales. This is a temporary relief, which will not continue indefinitely.
WG will also cap the increase to the non-domestic rates multiplier for 2025-26 to 1%, at a recurring annual cost to the Welsh budget of £7m. This is lower than the 1.7% increase that would otherwise apply from the default inflation of the multiplier in line with CPI and will benefit all ratepayers which do not already receive full relief.
All of the consequential funding for Wales, arising from decisions relating to the multiplier announced in the UK Government’s Autumn Budget, is being used for this purpose.
Almost half of ratepayers, including thousands of small businesses across Wales, will not be affected by an increase in the multiplier.
A debate on the regulations to set the multiplier will be scheduled in the New Year. Subject to approval of the regulations, the provisional multiplier for 2025‑26 is 0.568.
https://www.gov.wales/written-statement-non-domestic-rates-support-2025-26
