Wales

Welsh Businesses ‘Look Towards The World’ As Government Hosts Export Summit

Welsh Businesses ‘Look Towards The World’ As Government Hosts Export Summit

The UK government has hosted an export summit to help small businesses in Wales export their products across the globe. The Wales Business Export Summit, which was held in Cardiff City Hall yesterday, saw more than 50 Welsh enterprises attend – with representatives from the Wales Office and the Department for International Trade hosting. Attendees received practical advice on applying for export grants, market intelligence and intellectual property (IP) among other things. 4,000 small businesses in Wales exported for the first time in 2015, with the value of Welsh exports hitting £11.6bn in 2015. Speaking on the challenges Brexit could have for Welsh businesses, Alun Cairns, secretary of state for Wales, said: “We recognised that this [Brexit] would provide some challenges for all We... »

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Small firms benefit from Rate-Relief

More than 10,000 small businesses in Wales will benefit from a £7 million package of additional rate relief announced by the Welsh Assembly Government. The Welsh Assembly Government’s local government minister Dr Brian Gibbons said that the package is a result of its commitment to increase the number of smaller businesses benefiting from the small–business rate–relief scheme introduced last year. The extension of relief will save money for approximately 10,600 businesses. Since April 2007, businesses with a rateable value of £2,000 or less have received 50% relief on their rates bills, while those with a value of between £2,001 and £5,000 have received 25% relief. Businesses eligible for rate relief are required to contact their local authority, wh... »