Pubs, restaurants, cafés, bars, licensed clubs, hotels, gyms, cinemas and other high street favourites across Wales are set to see their rates bills cut by 30%.

The Welsh Government said the move forms part of its manifesto commitment to rebalance business rates and breathe new life into town centres. It said the permanent support will exceed the 15% temporary relief for food and drink hospitality currently in place. The Welsh Government said a small increase to the higher multiplier, which applies to the highest-value properties in Wales, will fund the support, without reducing the overall contribution business rates make to funding public services in Wales.

First minister Rhun ap Iorwerth said: “Our high streets are the heartbeat of communities right across Wales, and the businesses that fill them deserve our backing. This 30% cut to rates for pubs, cafés, gyms, hotels and so many other local favourites is about giving those businesses the confidence to invest, grow and keep serving the communities that rely on them. We’re making the system work better for the sectors that bring our town centres to life.”