Written question WQ92760
- Asked by
- Darren MillarConservative
- To be answered by
- Cabinet Secretary for Economy, Energy and Welsh Language
- Tabled
- Due
- Answered
- Time to answer
- 8 days
Question
What consideration has the Welsh Government given to extending the Future Proofing Fund to businesses in Wales with a rateable value of less than £6,000?
Answer
Answered by Cabinet Secretary for Economy, Energy and Welsh Language
The Future Proofing Fund is designed to help eligible retail, hospitality and leisure businesses in Wales strengthen their business operations. Recognising that the fund can’t support all businesses in the retail, leisure and hospitality sectors, the available budget is focussed on those businesses within the rateable value band between £6,001 and £51,000.
Eligible businesses that occupy premises with a rateable value of up to £6,000, will continue to benefit from 100% rates relief via the Small Business Rates Relief Scheme and are therefore ineligible to apply to the Future Proofing Fund.