Market updates as traders enter compensation talks over closure

over compensation as a decision looms on the possible closure of the market. The authority first recommended in August 2022 that it should end the current lease for the market to save more than £39 million.traders say they have been "left in the dark"

since the initial announcement. Two traders at the historic market have announced their permanent closure in the last month and Nottingham City Council has now provided more detail on where discussions are at. A Nottingham City Council spokesperson said: "As part of a review of our operation of the Victoria Indoor Market, we put forward a proposal to end the lease. While our consultation showed strong support for the council's ongoing running of and investment in the Victoria Market, the reality is this is estimated to cost £39m over the next 50 years of the lease.

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