The charity that runs Nottingham’s annual Pride festival has been forced to close amid debts of almost £17,000.

Acting chairman Ben Holmes said the charity had been in financial trouble for the last three years.

July’s event raised a total of £4,279 on the day – but this was a long way off its target of £12,000.

Organisers said it costs £30,000 to run the event and had asked for a £1 donation from those who attend.

However, only a third of the 14,000 people who attended this year donated money.

A meeting will take place at The Lord Roberts in Broad St, Nottingham on 31 October at 7pm to discuss the future of Nottinghamshire Pride.

Acting chairman Ben Holmes said: “We are losing sponsors and we lost an awful lot of money from companies that are no longer going. We are not generating enough funds.

“We hope something can happen. The charity could be saved if money comes in but unfortunately that doesn’t look likely.”

Last week it was revealed the organisers of Herefordshire Pride were moving to close the organisation at the end of this month due to funding problems and a lack of support.