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

Nottingham City Council Notícia

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