A new transitional relief scheme will help businesses manage rates changes from next April.
The Welsh Government has announced an additional £116 million of support, as business rates in Wales will be updated to reflect current property values.
From 1 April 2026, the revaluation will mean many will see their bills fall, while others will see them go up.
Any business whose bill increases by more than £300 next year because of the revaluation will have the rise phased in gradually over two years, rather than paying the full increase immediately.
For the first time since 2010, the multiplier will be reduced for all ratepayers. Small and medium-sized retail shops will benefit from a new lower rate, cutting their bills by around £20 million.
The Welsh Government already provides £250 million each year in permanent business rates relief. Around two thirds of all properties in Wales either pay no rates or receive some form of relief.
For further information please select the following link: Written Statement: Non-domestic rates support for 2026-27 (3 December 2025) | GOV.WALES and Business Rates in Wales | Business Wales.