Rents are set to be reduced and flexible tenancy agreements brought in as part of a series of changes at the Moor Market.
Traders at the new market were expected to have to pay the full rate from November, following almost a full rent-free year, but now a cut-price arrangement will be made, the city council has announced.
Coun Leigh Bramall, cabinet member for business, skills and development, said: “We feel that it is only fair to traders that rents at the market reflect the wider shopping environment that they are working in.
“When plans for the market were first drawn up, it was envisaged that this building would be just a part of a totally revamped area of Sheffield city centre.
“While developments are well underway, and we are about to go out to procurement on the New Retail Quarter, these developments are not yet complete.
“While The Moor is still under development, we feel it is fair to work with traders and offer reduced rates at this point in time.”
Other proposed changes include reducing a bottleneck in a busy section of the market, while the flexible agreements will enable alterations to be made ‘speedily’.
When the market first opened last November, traders were given a six-month, rent-free period to get their businesses established.
This rent-free period was then extended for a further three months, and was set to end at the end of August.
n A big screen showing family films is coming to The Moor from Saturday. Films will be shown at 11.30am and 2.30pm.