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Extension to High Street Rates Relief Scheme 2019

17 Dec 2018

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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2019-2020 Scottish Government's Budget

13 Dec 2018

The 2019-2020 Scottish Budget plan provided by ACS outlines the spending commitments from the Scottish Government with regards to retail.
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Free independent retailer training

12 Dec 2018

Mid Sussex District Council is offering local retailers to sign up now for free training to keep Mid Sussex high streets vibrant and alive.
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Best Small Shops Winner 2018

12 Dec 2018

A combined bookshop, café, deli & homeware shop based in St Boswells, in the rural Scottish Borders, has been named Britain's Best Small Shop of 2018 at an event at the Houses of... Read more…

booost pre-registration competition winners announced

10 Dec 2018

To promote the coming-soon loyalty, gifting and promotions app - booost, a competition was run offering retailers free access and prizes.
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UK retail sees a bigger shift to online

10 Dec 2018

The UK retail market sees more money spent online than on the high streets
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Britain's Best Bike Mechanic 2018 in association with Park Tool

5 Dec 2018

Earlier this year Cycling Weekly and MBR set out to find Britain's Best Bike Mechanics in association with Park Tool and supported by British Cycling, with the final held at ATG Training's new... Read more…

What can help retailers stand out?

5 Dec 2018

Delivery services offered by retailers can help them stand out from their competition. But there are elements that make the difference.
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Taxing online sales may be the way to save the high street

5 Dec 2018

Tax retailers that make more than 20% of turnover online, all the while subsidising high streets through cheaper rates is the way to save the high street.
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3rd of sales took place online on Black Friday, this isn't a positive

5 Dec 2018

Black Friday has become an overwhelming online event, suggested through the online sale figures.
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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.

books 

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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