The Conservative Candidate for Cardiff South and Penarth has suggested that Business Rate-Free Zones are the way forward in helping High Streets re-build following the coronavirus pandemic.
It comes as High Streets across Wales have had a difficult twelve months, due to the ongoing coronavirus pandemic, with local retailers soldiering on, keeping local high streets alive.
Conservative Candidate for Cardiff South and Penarth, Leighton Rowlands says the struggles of traders highlights a bigger challenge: Wales has the least competitive business rates in the United Kingdom and the highest vacancy rate, which he says has happened for too long under Welsh Labour.
The UK Government has provided £5.85 billion in funding to the Welsh Government through the pandemic, as well as supporting local workers through the job retention scheme.
Senedd candidate for the Cardiff South & Penarth Leighton Rowlands said “That’s why I would campaign to create “Business Rate-Free Zones” in places Penarth, Rumney & Llanrumney where all businesses would be free from paying businesses rates for up to three years.”
“In addition to this, I would look to scrap business rates for all businesses rated under £15,000 in Wales.”
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