Nottingham City Council has said it could be forced to write off debts and loans of £2.68 million following the closure of Nottingham Castle. The city council confirmed t a loan totalling £1.859m was provided to the Nottingham Castle Trust to help enable its initial start up.
It also stated it has outstanding unpaid invoices for services provided to the Trust, which come to £821,000. Nottingham Castle closed to visitors earlier this week (Monday, November 21) as the trust responsible for the site announced it is preparing to enter liquidation.
Officials from the Nottingham Castle Trust confirmed it had now started the process of appointing liquidators, describing it as a 'heartbreaking day'. Nottingham Castle reopened in June last year after a three-year £33 million renovation.
