29/05/2025
🏙️ Supporting small businesses in Welsh town centres
Llywodraeth Cymru / Welsh Government is exploring cutting business rates for smaller shops to help them thrive against online competition and boost high streets. This could benefit around 13,000 businesses: https://www.bbc.co.uk/news/articles/c62vv1nd29no
Our recent work for WG examined how small businesses source property in Welsh town centres. We found challenges like high rents, unclear property ownership and complex financial support processes: https://cles.org.uk/publications/filling-the-gaps/
By addressing these issues and reducing business rates, we can create more vibrant and sustainable town centres for small businesses.
The Welsh Government has recognised the importance of town centres in economic, social, and cultural life, committing to policies that address high vacancy rates and support small businesses in accessing town centre properties.