Y Prentis apprenticeship scheme Closure confirmed by council
That has resulted in it recording a loss, of £75,123, in 2023/24 on top of loss of £24,311 the previous year and only a minority of those in training were completing their apprentices and gaining the required qualifications.
Melin Homes, which was the joint shareholder with Monmouthshire council and paid a management fee for hosting the programme, decided earlier this year it no longer wished to do so following its merger with Newport City Homes to create the Hedyn housing association.
Monmouthshire council's Labour-led cabinet has now agreed to close Y Prentis and around 50 apprentices and staff will transfer to South West Wales-based training body Cyfle.
Run by the three independent construction industry training groups it holds charitable status and is the largest shared apprenticeship scheme in the UK and currently employs 95 apprentices and will expand its operating base to take in South East Wales.
Council deputy leader Paul Griffiths described the closure of Y Prentis as 'unfortunate' but said the relationship with Cyfle is 'very postitive'.
It's estimated Y Prentis will have a surplus of around £100,000 on closure and any money remaining after paying off creditors will be transferred to Cyfle in line with its article of association that any surplus is transferred to an organisation with similar objectives.
A Monmouthshire council officer will also have a seat on Cyfle's directors board to provide future updates to council committees and the cabinet.
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