Welsh Government freezes non-domestic rates multiplier for 2021-22

15 December 2020

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The Welsh Government has today announced it is freezing the non-domestic rates multiplier for 2021-22. The multiplier is an integral part of determining ratepayers’ bills. This decision will ensure, prior to applying any reliefs, that there is no increase in the amount of rates businesses pay next year.

This support is in addition to the £580 million package of rates relief provided to businesses this year. 

Whilst this is good news we urge the Welsh Government to make an early announcement before Christmas on the continuation and extension of business rate relief and grants for the new rate year 2021/22.

This will provide beleaguered businesses with much needed continuation of support as we head into the inevitable challenges ahead for the remainder of the winter into spring.

You can read the Welsh Government's written statement here.

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I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin