News Formal

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

  • 📰 nottslive
  • ⏱ Reading Time:
  • 17 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Telford & Wrekin Council’s major investment in borough schools continuesTelford & Wrekin Council has revealed the completed expansion to Lawley Academy, increasing available school places to benefit local families.
Source: shropshirelive - 🏆 55. / 63 Read more »