This week, the Welsh Government released its 2022-23 Draft Budget document. NFDA has prepared a summary outlining the areas that will affect directly franchised vehicle retailers.

The Welsh 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 include:

· 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, you can download it here