City Council may have to write off £2.68m after Castle closure

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City Council may have to write off £2.68m after Castle closure
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Nottingham could be forced to write off debts and loans of £2.68 million following the closure of Nottingham Castle

Nottingham City Council has said it could be forced to write off debts and loans of £2.68 million following the closure of Nottingham Castle. The city council confirmed t a loan totalling £1.859m was provided to the Nottingham Castle Trust to help enable its initial start up.

Officials from the Nottingham Castle Trust confirmed it had now started the process of appointing liquidators, describing it as a 'heartbreaking day'. Nottingham Castle reopened in June last year after a three-year £33 million renovation.

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