Welsh Government Finance Minister Rebecca Evans has announced a 3 year budget to “support the Wales of today and shape the Wales of tomorrow.”
Supporting the Programme for Government, funding public services, responding to the climate and nature emergency, and building a fairer Wales are measures at the heart of the budget.
Over the next 3 years the Welsh NHS will be supported to provide effective, high quality and sustainable healthcare, and help in its ongoing response to and recovery from the pandemic, with an additional £1.3 billion in direct funding.
Future generations will also benefit from an additional £61 million in the Welsh Government’s Young Person’s Guarantee and employability support, apprenticeship provision, and to expand Personal Learning Accounts.
Additional economic support will be available for businesses with those in retail, leisure and hospitality receiving 50% non-domestic rates relief for 2022-23. This £116 million package of funding, combined with existing permanent relief schemes, will ensure that over 85,000 properties are supported in 2022-23. The funding includes £20m on top of the consequential funding received from the UK Government, and follows the Welsh Government providing business rate support above and beyond the offer from the UK government in this financial year. A further £35 million has been confirmed to freeze the non-domestic rates multiplier for 2022-23, ensuring there will be no increase in the amount of rates businesses are paying.
Read the announcement in full on Gov.Wales.
Further details are available on: