Existing staff will continue to run the site but the Home Office will meet the costs of its operation. Offenders housed at The Verne will be moved to other suitable prison accommodation.
More top news
ITV West Country visits Barnstaple Rugby Club to see the next generation of players who are desperate to join England at the World Cup!
The last pilots to train on Lynx and Sea King helicopters in Somerset have taken part in a parade in front of some special guests.
A teenager has told ITV News how he and a friend braved freezing conditions to rescue a man who had fallen into the River Tamar.