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Wales to launch £116M business rates relief in 2026, easing burden on small retailers.
A new transitional relief scheme in Wales, effective April 1, 2026, will help businesses adjust to updated business rates based on current property values.
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.
Small and medium-sized retail stores may save around £20 million.
Permanent annual relief of £250 million continues, supporting about two-thirds of Welsh properties.
Officials say the changes aim to create a fairer, more accurate system that strengthens high streets and local businesses.
Gales lanzará un alivio de tasas de negocios de 116 millones de libras esterlinas en 2026, aliviando la carga sobre los pequeños minoristas.