Jonathan Isaby, Political Director, TaxPayers' Alliance, has told ITV News Central that companies have previously moved out of the city to avoid paying parking levy charges.
Nottingham's parking levy is to increase by 16% from next week. It will rise from £280 to £344 per space.
More top news
A Nottingham man who admitted raping and sexually assaulting a young girl has been jailed for 17 years.
Low levels for the Bank Holiday weekend
Dry overnight with some cloud breaks, Chilly inland.