By virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972.
Information relating to the financial or business affairs of any particular person (including the authority holding that information).
having regard to all the circumstances, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.
It is not in the public interest to disclose this information because of the sensitive nature of the business affairs referred to in the report. For the avoidance of doubt, this exemption applies such that the report is exempt from publication by both Nottingham City and Leicestershire County Councils.