The Welsh Government permanent scheme will limit the number of properties eligible for small business rate relief to two per business in each local authority, preventing larger businesses and national chains from benefiting from the scheme.
This will allow relief to be targeted more effectively to support small and local businesses and release £7 million every year to be re-invested to support small businesses.
The new permanent small business rate relief (SBBR) scheme will also provide:
£5 million to extend the temporary high street rates relief scheme into 2018-19
an extra £1.3 million for local authorities for 2018-19, for them to use their discretionary powers to provide targeted relief to support local businesses which would benefit most from additional assistance
For further information please visit the Welsh Government website.