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Council to sell off business park to help with major budget gap

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Nottingham City Council News

Radford

The council is still trying to make multi-million-pound savings in order to balance its budget

Nottingham City Council is set to sell a small business park off to a private owner as part of plans to help reduce its major budget gap. Miall Court, on Miall Street in Radford, is currently home to a number of businesses across several units, including Gracie Barra martial arts school, RW Autocar repairs and Hussain Autos MOT centre.

"This has meant savings of over £36m need to be made between 2025 to 2027/28 to set a balanced budget, which is a legal requirement for all councils. In addition, the Council has been granted Exceptional Financial Support from the Government of up to c£66.143m - £25m for 2023/24 and £41.143m in 2024/25.

 

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