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.