Nottingham Castle: New details emerge about pre-closure finances

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Nottingham Castle: New details emerge about pre-closure finances
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The attraction closed in November after the trust in charge of it went into liquidation

The council said it had undertaken interventions to try to help the company stabilise, by providing loans, allowing default payments and helping the trust to secure funding from other organisations.

Despite this, in March 2022, it was agreed the payment due to the council could be paid at a later date, up to a total of £250,000. It had submitted a business recovery plan to the authority which had included a request for a further loan of £500,000, as well as a request to defer payments due to the council and a review of repayment terms of the loan, as well as support for grant funding from the National Lottery Heritage Fund.

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