We’ve backed Welsh Government proposals to ensure businesses are not inadvertently penalised for improving their venues or investing in renewables.
In responses to consultations on renewable energy rates support and improvement rates relief, we have said the plans will incentivise hospitality businesses to invest in their venues to improve its carbon footprint or improve the customer experience.
What is being proposed?
Renewable energy rates support
Welsh Government has proposed that eligible plant and machinery for onsite renewables and electric vehicle charge points are exempt from property valuations. This means businesses are not unfairly penalised by the business rates system for increase the value of their property.
Improvement rates relief
Welsh Government has also proposed to support ratepayers investing in improvements to their non-domestic properties by providing relief from the effect of any resulting rateable value increase for a period of 12 months.
David Chapman, UKHospitality Cymru Executive Director, applauded the plans as a positive demonstration of Welsh Government backing business.
He also urged them to go even further by making the measures permanent and to consider other areas, including desperately needed business rates reform, which could support the industry as it continues to rebuild.