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Retailer tactics that shone online and over the Christmas trading period

18 Jan 2019

Reports and insight into tactics that worked for retailers online and across the sales channels in the recent months with a particular focus on the Christmas period.
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Local shops supported by Welsh assembly members

18 Jan 2019

Assembly members were able to pledge their support for their local shops at the National Assembly for Wales.
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Can discounting have a negative impact?

14 Jan 2019

This year may mark the most brutal Christmas and New Year's for retailers ever.
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Future High Streets Fund

9 Jan 2019

The launch of Future High Streets Fund is there to modernise high streets and town centres.
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Decline in Boxing Day footfall

9 Jan 2019

The footfall numbers from Boxing Day have declined for the third consecutive year.
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UK not ready to go cashless yet

9 Jan 2019

The Access to Cash Review published a report suggesting that the UK is not ready to go cashless yet.
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Government plans to extend plastic bag charges

9 Jan 2019

The Government plans to extend the charge of plastic bags to small retailers by 2020, with plans to increase the charge from 5p to 10p.
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Making Tax Digital pilots and webinars available

8 Jan 2019

Making Tax Digital (MTD) is to come into effect on the 1st of April 2019, find out what you need to do and more helpful tips.

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APPCG meeting on latest updates from Manchester and London

7 Jan 2019

The APPCG hope you can join their next meeting on the latest updates from Manchester and London.
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20-70% correction in retail properties

18 Dec 2018

Fidelity is predicting a 20-70% correction in retail property as the sector gets de-rated due to rent cuts.
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Extension to High Street Rates Relief Scheme 2019

Posted on in Business News

ACS welcomes the announcement from the Welsh Government, which has confirmed an extension to the high street rates relief scheme for 2019-2020.

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Mark Drakeford, Welsh Finance Secretary, said:

"The high street is at the heart of local communities, providing a central hub for people to shop, eat and socialise. The current economic conditions and competition from the internet and out-of-town shopping centres, have hit some high street businesses hard."

The Welsh Government is estimating that 15,000 retailers in Wales with the rateable value of up to £50,000 will benefit from the 2019-2020 scheme.

Local authorities will also receive an additional £2.4m to provide discretionary rates relief where it is deemed necessary.

"This enhanced high street rate relief scheme for 2019-20 will ensure more ratepayers across Wales receive support to pay their bills and can continue to provide much-needed services to their local communities".

As reported by the ACS, eligible businesses will receive up to £2,500 off their business rates bills, with properties with a rateable value of up to £9,100 paying no rates at all.

James Lowman, ACS chief executive, said:

"Convenience stores and other small businesses in Wales will welcome this additional rate relief scheme which will help retailer to invest in improving their businesses in the future. ACS is part of the Cross Party Group on Small Shops, whose Supporting Entrepreneurship Inquiry highlighted the importance of using the business rates system to incentivise growth and investment. We are pleased that the Welsh Government remains committed to this, but urge them to ensure that local authorities make good use of the additional discretionary funds that are being made available to them".

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