Nottingham City Council has approved a spend of up to £100,000 for external support to help review its companies. The review must be done as part of its ongoing improvement plan, which it must conduct to meet its legal duty to balance its books.
The Labour-run authority, which recently set out a new budget detailing a number of controversial cuts to services, owns eight major companies. These include Nottingham City Homes, Nottingham City Transport, the National Ice Centre, Thomas Bow City Asphalt, Nottingham Revenue and Benefits, EnviroEnergy, Nottingham Futures and Blueprint.
Reviews into these companies are being conducted as part of its Recovery and Improvement Plan, the name of which was recently changed due to it having the "unfortunate" initialism 'RIP'. The reviews must happen following the collapse of its failed venture Robin Hood Energy, which cost the taxpayer millions.
