No automatic pay-out of rate relief in Wales

Retail, Leisure & Hospitality businesses must apply to local authority

23 March 2022
  • Business Rates advice Cooke & Arkwright

Share this

The Welsh Government is to make grant funding available to provide the Retail, Leisure and Hospitality Rates Relief scheme to eligible businesses for 2022-23. The scheme aims to provide support for eligible occupied properties by offering a discount of 50% on non-domestic rates bills for such properties.

This relief is aimed at businesses and other ratepayers in Wales in the retail, leisure and hospitality sectors, for example shops, pubs and restaurants, gyms, performance venues and hotels.

The scheme will apply to all eligible businesses; however, there will be a cap on the amount each business can claim across Wales. The total amount of relief available is £110,000 across all properties occupied by the same business. All businesses are required to make a declaration that the amount of relief they are seeking across Wales does not exceed this cap, when applying to individual local authorities.

The relief available in the scheme is not being awarded automatically. Ratepayers will need to apply to each local authority and submit a declaration that they haven’t exceeded the cap in order to benefit from the rate relief.

Cooke & Arkwright have provided independent property consultancy services to the College for a number of years. This advice has included property valuations and negotiation around property acquisition and disposal, rent reviews and the preparation and negotiation of the College’s farm business tenancy agreement. The College has consistently received an excellent and professional service from Cooke & Arkwright and their valuable support to the College is recognised and appreciated.

Bob Bates, Director, Coleg Gwent