MP Hywel Williams has given his support to a petition calling on the Welsh Government to revise the small business rates relief system to help small businesses.
Small businesses in Wales currently only receive 100% rates discount if the rateable value is under £6000, compared with England, where businesses with a rateable value of up to £12,000 receive a 100% discount.
The petition, which has been set up by Caernarfon business owners Endaf Cooke and Gavin Owen, is calling on the Welsh Government to revise the small business rates relief system so that businesses with a rateable value of £10,000 or under should receive a 100% discount. Furthermore, any small businesses with a rateable value of between £10,000.01 and £20,000 receive a discount/relief on a tapered scale system of between 0 – 100%.
Calling on small businesses in Arfon to support the petition, Hywel Williams said: “Business rates form a greater proportion of operating costs for small businesses than they do for large firms; indeed for many SME’s in my constituency they are a real burden on profitability and viability.
“There are many things Welsh Government can do to support businesses in Wales by reforming business rates taxation, least of all make full use of powers to make business rates work more effectively for the Welsh economy.
“The message I’m getting from small businesses in Arfon is one of frustration. Too much red tape and frequent inconsistencies in the determination of rates. Reducing this burden would free up cash flow enabling small businesses to expand, invest and create employment.”
A report last year found that the number of vacant shop premises on Bangor High Street had fallen from 25.4% in 2013 to 19.4% in 2017.
For more information and to sign the petition visit here: