Eligible small to medium sized properties with a rateable value below £51,000 will attract the permanent support. Retail shops will also continue to benefit from this support, which will build on the lower multiplier in place this year.

The precise values of all multipliers for 2027-2028 will be confirmed as part of budget preparations, following the UK government’s Autumn Budget.

https://www.gov.wales/30-percent-business-rates-cut-for-high-street-hospitality-and-leisure-venues

About Eirlys Jones

Eirlys is the Commercial Director at North Wales Tourism and can be contacted at eirlys.jones@gonorthwales.org.uk or connect with her on LinkedIn you can also follow her on Twitter @EirlysJones5