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
Leicester City council is facing legal action at the High Court today over claims it discriminated against the Jewish community.
400 jobs are to be created after water companies Severn Trent Water and United Utilities announced they are moving to Stoke city centre.
The family of a teenage boy who died after a hit-and-run in Leicester are urging the public to help find the driver of the car.