Economy Minister Vaughan Gething has announced that businesses affected by the pandemic will now be protected from eviction until the end of September 2021.
The moratorium against forfeiture for the non-payment of rent will now be extended until September 30, 2021. It was originally due to end on June 30, 2021.
The measure will ensure businesses will not forfeit their business tenancies for non-payment of rent until 30 September this year.
The Welsh Government said that the move will help a range of sectors including retail, hospitality, leisure, and tourism.
Economy Minister, Vaughan Gething said: “The coronavirus pandemic has been a harrowing experience for us all, not least for businesses and their employees across Wales. We’ve pulled every lever possible to support them during this incredibly challenging time.
“We’re committed to doing all we can do secure jobs and livelihoods. That’s why I’m today announcing a further extension of measures to prevent forfeiture for the non-payment of rent, which will protect businesses from eviction.
“Since the beginning of the pandemic, we’ve committed more than £2.5bn to businesses across Wales, in addition to our business as usual support through Business Wales. Businesses in the hardest hit sectors also continue to benefit from a full 12 month business rates holiday package.
“Combined, these measures have helped protect thousands of firms and safeguard many more jobs. It’s a key part of our plans to kick-start a strong Welsh recovery post-pandemic.
“We remain committed to backing Welsh firms.”