The Welsh Government has recently released its 2022-23 Draft Budget document. The Budget’s primary focus revolved around the climate emergency and inequality, while also placing a high emphasis on continuing its Covid-19 pandemic financial support and reinforcing its commitment towards a Net-Zero economy.
The areas where the Budget will affect directly franchised vehicle retailers are listed below:
- Continuation of the Non-Domestic rates (NDR) relief
- Freezing of the NDR multiplier
- EV charging infrastructure support
- Additional funding for Welsh apprenticeship programmes
The NFDA has put together a summary document containing all the most relevant policy updates for franchised dealers.
Download the full document here.