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Sunday, 14 June 2020 13:30

Coronavirus: Call for £250m recovery fund in Wales

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photo : bbc

A coronavirus community recovery fund worth £250m should be set up to support the hardest-hit communities, the Welsh Conservatives have said. The party's group leader in the Welsh Parliament said it would help address a "public economic crisis". Paul Davies said business rates could be scrapped for certain businesses in the worst-affected towns. He said the money was already available, but Welsh Labour has questioned the figures. The Conservatives' policy announcement follows the publication of a report that claimed a number of Welsh towns were among the most vulnerable across the UKUnder the party's plans, a £250m fund would be established for the term of the next Welsh Parliament to support the worst-affected communities. The Conservatives said it would allow the establishment of "business rate-free zones" where businesses with a rateable value of up to £15,000 would not have to pay the rates for three years. Currently, businesses with a rateable value of less than £6,000 are exempt from paying rates and the amount payable is tapered for those valued between £6,000 and £12,000//bbc

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