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City council to write off castle trust's £2m debt
Nottingham Post
|July 15, 2025
NOTTINGHAM City Council has formally agreed to write off over £2 million owed to it by the failed operator of Nottingham Castle.
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Nottingham Castle Trust first took control in May 2019 after a £31 million transformation.
The venue reopened in the summer of 2021 but, after just over a year of operation, with issues including complaints over ticket prices, the trust went into liquidation in November 2022 and the castle closed again.
The Labour-run city council provided loaned around £1.8 million to the trust and had £821,000 in unpaid invoices outstanding.
In a new report on its finances published on Monday, the council confirmed it had formally agreed to write off the debt.
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