Staffline Group PLC (LON:STAF) announced that its PeoplePlus division has agreed to sell its apprenticeships business to Babington Business College for a nominal fee.
The transaction is expected to complete in early December, the AIM-listed recruitment firm said.
READ: Staffline wins place on £7.5bn government contracting scheme
Under the agreement, Babington, which is a professional training course, apprenticeships and traineeships provider, will acquire contracts and assets from PeoplePlus associated with the delivery of apprenticeships across England and Scotland.
Staffline said the deal comes as part of PeoplePlus' strategic re-focus on its core employability and adult skills capabilities, as it seeks to capitalise on the significant increases in funding for central and devolved government contracts that have recently been announced.
Last month, the company won a place on a new scheme from the Department for Work and Pensions for a potential aggregate contract value of £7.5bn, as well as extending its contract to provide on-demand workers to Tesco.