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Welsh Finance Minister Sets out 2021-22 Budget

29 Dec 2020

Welsh Government Finance Minister Rebecca Evans MS has unveiled its ‘Protect, Build, Change' draft Budget for 2021/22
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Indie Retail Christmas Opening Hours

22 Dec 2020

The Indie Retail office will be open as usual (9am-5:15pm) for the majority of the Christmas perio, with some exceptions.
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Tax Return to Become Digital from 2023

21 Dec 2020

All retailers, who have a taxable turnover of £10,000 or more per year from their business or income from property will now be required to submit their tax returns digitally.
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Business leaders draw-up fresh proposal to help forgotten companies

18 Dec 2020

A coalition of small business leaders, tax experts and company directorshave mapped out the measures needed to address a government shortcomingwhich has left thousands with no income support... Read more…

Butterworth Spengler Brexit Update: ‘Green Cards' for International Travel

17 Dec 2020

Butterworth Spengler have provided an update on the situation regarding the implications of driving outside the UK if a ‘Brexit' deal is not struck, and how this will affect motor... Read more…

Why shoppers are losing faith in popular Buy Now Pay Later providers

17 Dec 2020

Popular Buy Now Pay Later (BNPL) providers have once again made the headlines across multiple news sites for the growing amount of distrust being triggered among consumers.
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Maybe* analyses the best social media posts of #SmallBizSatUK

16 Dec 2020

Maybe* have used their insight tool to round up some of the best social media posts of #smallbizsatuk from businesses, customers, councils, BIDs, shopping centres, and lots more in between.... Read more…

Survey – SME vehicle usage and making the switch to electric vehicles

15 Dec 2020

Ricardo Energy & Environment and UK Power Networks are running a survey to understand how best to support SMEs that may be looking to invest in their first electric vehicle, or to switch their... Read more…

Government extends Business evictions ban until March

9 Dec 2020

Communities Secretary Robert Jenrick announced today (9 December 2020) that business owners affected by the pandemic will be protected from eviction until the end of March 2021.
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Register for the APPGCW Environment Bill webinar

8 Dec 2020

The webinar takes place this Friday will explore how cycling and walking will be key elements in securing the aims of the Environment Bill.
Read more…

Welsh Finance Minister Sets out 2021-22 Budget

Posted on in Business News, Cycles News, Political News

moneyWelsh Government Finance Minister Rebecca Evans MS has unveiled its ‘Protect, Build, Change' draft Budget for 2021/22.

In the first budget since the pandemic, the package delivers an extra £176 million for local government to support schools, social care and local services that have been critical to our response to the pandemic. The package includes a £10 million boost to the Social Care Grant, which now stands at £50 million, in recognition of the significant impact the pandemic has had on the sector.

Strategic spending plans included in the draft include investing in ‘Town Centre First' pilots to improve the diversity of services on high streets and £5m for a Town Centre Loans programme to support the conversion of properties into shops. A targeted tax reduction will also help businesses recovering from the worst of the pandemic. Most businesses purchasing non-residential properties costing less than £225,000 won't pay any Land Transaction Tax, as the threshold is raised by 50%.

£38m has also been allocated to support the transition towards electric vehicle charging. £77m has been allocated as part of an initial pandemic-response package to continue free school meal schemes and contract tracing.

Finance Minister Rebecca Evans said:

"As we plan for our first steps beyond the pandemic, this budget is designed to protect health and our economy, build a greener future and create change for a more prosperous, more equal, and a greener Wales.

Despite the most challenging circumstances we have ever faced as a government, I am proud to announce a budget that delivers on our values and provides sound foundations for the next administration.

While like for like funding per person in Wales remains below 2010 levels, our priorities will steer a course for stability, protecting what matters most and creating the change that is essential to a good recovery."

The Minister is expected to make an oral Statement on the draft Budget in the Senedd Cymru on 12th January 2021.

Draft Budget 2021 to 2022

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