Middlesbrough College has acquired a training provider that had been placed into administration, saving 70 jobs .
Employees at TTE Technical Institute had faced redundancy a week before Christmas. But Middlesbrough College has now purchased the business and assets of TTE. Hundreds of students and apprentices can now complete their courses.
News: Colleges struggling to grow international recruitment
College finances: West Kent and Ashford College enters administration
Opinion: Could sharing apprentices be the answer for businesses?
The TTE brand, existing workforce and facilities will transfer entirely to Middlesbrough College’s ownership and continue to operate.
College to invest in ‘staff, investment and facilities’
Zoe Lewis, principal and chief executive of Middlesbrough College, said: “TTE has an incredibly strong reputation for providing skills locally, nationally and internationally - and we’re going to build on that.
“The TTE team is highly respected for delivering world-class training and that will continue as normal while we invest in staff, equipment and facilities.
“We will also continue to deliver and grow TTE’s international business, which works with companies in West Africa, Eastern Europe, the Middle East and Asia.”
Middlesbrough College has also renegotiated the lease on TTE’s premises in Middlesbrough, securing a future £250,000 investment in the buildings.