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Tredomen-based training firm Educ8 has announced it has handed 51% of its ownership to its staff.

The company has set up an employee ownership trust scheme.

Colin Tucker, Chairman of Educ8 Training, said: “Since setting up the business it has always been important to have community at the heart of Educ8.

“Setting up this trust in favour of our employees means we can truly say Educ8 is embedded into our local communities. It will create true value and wealth for those that have contributed to its success.

“Our board of directors, trust representatives and all employees can continue to drive the business to even greater heights and maximise the opportunities this will bring.”

Chief executive Grant Santos added: “People are at the heart of what we do. As a company based on strong moral principles and values, this decision is a natural transition. It is our staff, the Educ8 family that has created such a great environment to work in.

“It is now time for all those involved to share in that success.”

Founded in 2004 to address skills shortages in Wales, Educ8 now employees over 200 staff.

Last year it was named as the best mid-sized company to work for in the whole of the UK.

It was awarded the title by employee engagement organisation Best Companies.