Neath toy shop Giggles due to close tomorrow after struggling to keep up with …

AN independent toy shop in Neath is closing its doors for good tomorrow and laying the blame on business rates.

Giggles opened in New Street in April last year but the business is due to close after struggling to keep up with rates in the town.

Marie Jones, wife of Giggles co-founder Justin Jones, said the business was started in Neath following the success of a similar venture in Porthcawl, which is still trading and facing significantly lower rates.

She said: “This shop is more expensive in terms of rates and rents than the shop in Porthcawl.”


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Business rates are assessed by the Valuation Office Agency and calculated by the Welsh Government using factors such as size and location.

Hywel Jenkins, director of finance and corporate services at Neath Port Talbot Council, said: “The Valuation Office Agency advise that the rateable value of each non-domestic property is based on its open market rent as at April 1, 2008.”

A spokesman for Bridgend Council said: “Porthcawl is a popular tourist destination and features many shops offering a wide range of goods and services.

“The council’s economic development team is always happy to work with new and established traders alike, and can provide expert advice and support designed to help such local businesses flourish and grow.”

Article source: http://www.thisissouthwales.co.uk/Neath-toy-shop-Giggles-close-tomorrow-struggling/story-17826153-detail/story.html