Grants based mostly on rateable worth are being rolled out following the announcement that many companies and venues must shut once more.
The brand new nationwide measures will apply for 4 weeks as much as Wednesday 2 December.
However Sheffield Metropolis Council says it’s nonetheless ready to listen to from authorities about how the cash will likely be made accessible.
Council chief Julie Dore mentioned they have been additionally ready for additional affirmation of £30m for the area beneath Tier 3 restrictions introduced final month.
She added: “I perceive how irritating and complicated these frequent modifications in restrictions are for companies – particularly given the dearth of element about accompanying assist packages.
“We’re awaiting additional particulars to have the ability to open the schemes for software as quickly as potential.
“We’re additionally searching for additional affirmation about native funds, together with the £30m Tier 3 assist bundle beforehand negotiated to assist us present assist to companies impacted by the restrictions, and the way we are able to retrospectively assist companies through the time in Tier 2 and three. At a neighborhood degree we’re doing all we are able to to get well timed info out to companies.
“I’d prefer to thank companies for his or her arduous work and efforts, to maintain your companies afloat and your employees employed beneath such troublesome circumstances. The council will likely be readily available to assist you thru this subsequent difficult interval.”
Companies closing beneath lockdown embody all non-essential retail retailers, indoor and outside leisure amenities, sports activities amenities, theatres, live performance halls, cinemas and nail salons.
Till Thursday, Sheffield’s Tier 3 ‘very excessive’ native restrictions will apply throughout South Yorkshire.
Authorities has confirmed the extension of the furlough scheme which pays staff as much as 80 per cent of their wage for hours not labored, as much as a most of £2,500.
Enterprise Secretary Alok Sharma mentioned the federal government had protected nearly 10 million jobs by means of furlough, accepted greater than 1,000,000 government-backed loans, to the tune of £62 billion, paid out nearly £14 billion in assist of round 5 million self-employed individuals, waived £10 billion of enterprise charges, supporting near 400,000 companies and given £11 billion in grants masking nearly 900,000 enterprise properties.