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
When you meet Malala Yousafzai it is hard to imagine such a shy, softly spoken girl addressing world leaders in the spotlight.
Nobel prize-winner and campaigner Malala Yousafzai speaks to ITV News about her political ambitions and her new Birmingham accent.
It'll be a dry night with largely clear skies developing. Tomorrow, feeling pleasantly warm in the sunshine with light winds.