Nottinghamshire City Council plans to make £24 million in budget cuts over the next few years, but leaders remain optimistic about making the city a top tourist destination. They aim to achieve this by establishing a new charitable trust to manage sites like Nottingham Castle and Wollaton Hall, potentially attracting significant external funding and tax benefits.
Nottingham leaders have expressed hope that the city will become the 'number one tourist destination' in the region despite backing budget cuts worth £24 million over the coming years. Senior members of Nottingham City Council have taken the first step in approving a budget which will see £18 million of savings being made next year alone.
The plans were given the first rubber stamp at a meeting on Tuesday (December 17) and a full meeting of the council will now have to approve them before they come into effect from April 2025. Despite the cuts proposed, ranging from axing staff to making changes at the Nottingham Theatre Royal, council leaders also used Tuesday's meeting to lay out their ambition for the city. Councillor Ethan Radford, the council's deputy leader, said: 'Nottingham needs an ambitious council which sets a bold vision and then works with partners and officers to achieve it. We will move Nottingham forward with some hope and restore pride in this fantastic city. On a scale of 1 to 5 how worried are you about Nottingham City's Council budget proposals? Let us know here 'I want to see the city become the number one tourist destination in the region, offering a unique experience to visitors and boosting the local economy.' The most significant proposals around tourism in the budget is a new charitable trust being set up to run sites like Nottingham Castle and Wollaton Hall. The council has already approved initial work getting underway on setting up the charity trust. As well as the opportunity for external sources of funding to largely cover the running of the sites, other benefits of the charitable trust would include exemption from corporation tax, VAT exemption, business rates relief and the application of Gift Aid - where the museums could claim an extra 25p for every £1 they receive. The running of Nottingham Castle by a charity trust would mark yet another change of management for the sit
TOURISM BUDGET CUTS CHARITABLE TRUST NOTTINGHAM CITY COUNCIL NOTTINGHAM CASTLE
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