Nursery World - Some nurseries will benefit from business rate relief from April

From next year, 'more than a hundred' nurseries in Wales will be exempt from paying business rates.

The plan is part of a move by the Welsh Government to introduce a permanent small business rate relief scheme.

Under the scheme, details of which were announced today by the Welsh Government’s cabinet secretary for finance Mark Drakeford, the upper threshold for business rates relief for childcare settings will increase from £12,000 to £20,500.

The move is expected to benefit more than 100 nurseries across Wales. However, according to the National Day Nurseries Association (NDNA), more than four in ten private and voluntary childcare settings in Wales will still be subject to business rates.

Announcing details of the scheme, the Welsh cabinet secretary for finance said, ‘The Welsh Government has previously set out our intention to introduce a permanent small business rates relief scheme from 1 April 2018. This will provide certainty and security for small businesses in Wales, delivering a tax cut to help them drive long term economic growth.

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