A national television network is set to take over the licence of a local channel which has closed with the loss of a number of jobs.

Estuary TV owner The Grimsby Institute has revealed the station will cease broadcasting on 31 August, resulting in “less than 10″ redundancies.

From the following day the licence for Grimsby will be taken on by That’s TV, which runs a number of stations across England and Wales.

According to the Grimsby Telegraph, Estuary staff will have the opportunity to apply to work at the new station.

The move comes after the Telegraph revealed that Estuary reportedly received £300,000 of licence fee money between 2013 and 2016 to produce 4,000 news stories which could then be broadcast on BBC channels.

That’s TV chief executive, Daniel Cass, said: “We are excited to be launching That’s TV in North Lincolnshire and East Yorkshire this Autumn.

“Our schedule will deliver local news every weeknight alongside classic films and series. We are looking forward to working closely with the Grimsby Institute, community groups and advertisers to deliver a strong voice for this region.

“This acquisition re-affirms That’s TV’s belief in local TV extending our network to 20 licences and over 5 million homes across the UK.”