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7 May 2021

Based at Activate Learning's Bracknell & Wokingham College campus this brand new workshop is the latest addition to their expanding number of Cytech training workshops across the country.

7 May 2021

Pennine Cycles, shortlisted last year for two awards in the Best Small Shops competition, have now been nominated in the BikeBiz Awards

6 May 2021

Maybe* take examples from successful businesses that used social media to flourish despite the pandemic

5 May 2021

The Government has agreed an amendment to the Financial Services Bill which will enable shops to offer cashback to customers without making a purchase.

29 Apr 2021

Armed with research data from Maybe*, a panel of retail industry expertshave collaborated to create this whitepaper with one goal - to help businesses thrive in this new era of uncertainty.

28 Apr 2021

The Bank of England has released free training materials for retailers with the aim of refreshing awareness of how to check banknotes.

28 Apr 2021

ACT members can receive excellent benefits with NearSt, a powerful platform that encouragers more shoppers through the doors of specialist cycle shops

27 Apr 2021

Defra has just confirmed that the amendments to the Single Use Carrier Bags Charges (England) Order 2015 will not be coming into force on 30th April 2021 as originally...

26 Apr 2021

A summary of what each party's manifesto will mean for small shops ahead of the Welsh Parliamentary elections on 6th May.

23 Apr 2021

A summary of what each party's manifesto will mean for small shops ahead of the Scottish Parliamentary elections on 6th May.

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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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