Long-standing traders offering bespoke goods fear some businesses may not survive after Nottingham City Council sells the industrial estate they inhabit. They are now hoping to set up a consortium to purchase the site themselves, but worry they may not be able to contend with wealthier bidders.
Stonebridge Court Industrial Estate on Alfred Street South was declared "surplus to the property trading account" by the Labour-run authority, and its sale will help it bring in a significant amount of cash. Businesses, many of them family-run, now face an "uncertain future".
Kelly Brett, owner of KB Recycling Ltd, said the sale "could damage us, along with the other 13 businesses here, and possibly result in the loss of jobs for over 40 Nottingham residents". As a result many traders are hoping to establish a consortium and bid to purchase the site when the time comes, but they are appealing to anyone who could assist financially.
