Shaw Trust in formal partnership with not-for-profit

Ixion Holdings (Contract) has become part of the Shaw Trust, with no job losses yet on either side

The employment and skills charity the Shaw Trust has announced a formal partnership with the not-for-profit group Ixion Holdings (Contracts) Ltd.

Ixion, a workforce skills organisation that previously operated as a stand-alone company that donated its profits to Anglia Ruskin University, became part of the Shaw Trust group on 2 June.

The partnership means Ixion will donate its profits to the Shaw Trust. A spokeswoman for the Shaw Trust said the partnership would involve the trust investing in Ixion, enabling the organisation to expand its work.

The spokeswoman said that, as a result of the partnership, the Shaw Trust could offer its service users access to training, apprenticeship and business start-up support.

The Shaw Trust already provides employment, health and wellbeing, and justice services, and Ixion will remain an independent brand as part of the partnership.

The spokeswoman said there would be no immediate job losses at either organisation as a result of the partnership. The Shaw Trust currently employs about 1,000 staff and Ixion has about 200.

The Shaw Trust had a turnover of £107m in 2015/16, the spokeswoman said, and Ixion had one of £20m.

John Govett, chief executive of Ixion, will join the Shaw Trust’s executive management team, and both boards will remain unchanged.

The partnership agreement will not affect any of Ixion’s current partners or subcontractors, a statement from the Shaw Trust said.

Roy O’Shaughnessy, group chief executive of the Shaw Trust, said: "Ixion brings to the Shaw Trust many complementary services, including apprenticeships, skills, innovation and business start-up support. "We are excited to be able to offer our service users a greater range of support to enable them to achieve their full potential."

Govett said: "I would like to thank Anglia Ruskin University for all its support over the years but, given Ixion’s recent growth, we are delighted to now be part of the Shaw Trust and part of a group that can invest in the next phase of our growth strategy and with which we share the same values of transforming people’s lives."

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