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flag Wales to launch £116M business rates relief in 2026, easing burden on small retailers.

flag A new transitional relief scheme in Wales, effective April 1, 2026, will help businesses adjust to updated business rates based on current property values. flag The Welsh Government is providing £116 million in additional support, including the first rate multiplier reduction since 2010 and phased increases for businesses facing rises over £300. flag Small and medium-sized retail stores may save around £20 million. flag Permanent annual relief of £250 million continues, supporting about two-thirds of Welsh properties. flag Officials say the changes aim to create a fairer, more accurate system that strengthens high streets and local businesses.

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