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£75,000 funding to support Broxtowe businesses
- Shop and business frontage improvements including signage
- Street scene or conservation area related initiatives
- Environmental energy saving measures
- Disability access improvements
- Digital, productivity and ecommerce investments that improve productivity or create jobs
- Kimberley – £25,000 as part of the Levelling Up Fund
- Eastwood – £25,000 as part of the UK Shared Prosperity Fund
- Beeston/Chilwell – £25,000 as part of the UK Shared Prosperity Fund
New industrial development set for Corby following funding agreement
Nottingham Forest owner makes significant financial commitment to the club
Profits up at The Nottingham
According to results for the year ended 31 December 2022, group pre-tax profit stood at £18.9m (growing from £15.1m in 2021), with underlying pre-tax profit of £15.2m (increasing from £7.4m in 2021).
Gross mortgage lending meanwhile was up 18% at over £659m for 2022.Sue Hayes, CEO of Nottingham Building Society, said: “I am pleased to report that we ended the year in a strong position, with profit before tax of £18.9 million, up £3.8 million on 2021.
“Our financial performance has been achieved despite additional costs and increased provisions for expected future credit losses driven by the rising cost of living, and inflationary challenges that our borrowers face into 2023 and beyond. Increasing interest rates have supported the strong performance.
“We have made it a key priority to support our members through these difficult times by paying savers the best rates we could whilst strengthening the Society. Building the right team has also been very important. In 2022 we announced some significant hires to bolster our talented executive team.
“Alongside this, finding the right allies to support our ambitions was a focus. Our partnership with Generation Home, announced in November, is a great example of how we will think differently to help achieve our goals.
“I am proud of the results we are sharing today and would like to thank our members, and each one of our dedicated colleagues, for their continued trust in the Society. We look ahead to the coming years with a renewed sense of focus, guided by a clear and impactful purpose, with mutuality as our bedrock.”