Nottingham City Council’s Portfolio Holder for Leisure, Culture & Planning, Cllr Pavlos Kotsonis, said: “It is a matter of huge disappointment that Nottingham Castle Trust, which has been responsible for operating Nottingham Castle, has informed us that in light of its trading performance, it is in the process of appointing liquidators and closing the site, which it will be handing back to the council.

“This is clearly a significant blow for the city and its visitor economy. The council’s immediate priority is to work with the appointed liquidators to support those staff at the Castle who have been affected by this sad news, and to safeguard the site and its collections while it is not operational.

“We appreciate the significant efforts that the employees of the Trust have put into the site and understand how devastated they must be by this news.

“We will re-open the castle as soon as possible. Once we have a clearer picture from the liquidators, we will explore all available options together with our key partners The National Lottery Heritage Fund, Arts Council England and others to develop a fresh business model.

“There is a real commitment from all parties to see this important cultural asset fulfil its full potential for the city and the wider region as a successful visitor attraction, playing a key part in our wider plans to bring investment, jobs, visitors and growth to Nottingham and its residents.”