The organisations have had strong links over many years and the deal means that the apprentices will be able to continue their programmes with the same training staff.
College deputy principal Dave Pridmore said: “The college will take over the management of the programmes and has agreed to take on those staff who currently deliver and administer them.
“It was important to ensure local employers continue to receive training for their apprentices with minimal disruption, and to protect the jobs of the training staff.”
Bedford Training Holdings chief executive Brian Lawson has given the go-ahead for the apprentices to continue to use their facilities at Brunel Road.
Bedford College has taken on those training in Bedford, with the remainder transferring to Aylesbury Training Group.
Bedford Training Council chairman Colin Steed said: “It has been sad to see the closure of BTG given its long history of serving Bedford companies but the council is pleased to have safeguarded the current apprenticeships."
Bedford College principal Ian Pryce added: “Dave and Brian are to be congratulated for the speedy and professional way they have resolved what could have been a major headache for our local employers.
"There has also been outstanding commitment shown by the staff, who have worked on a voluntary basis while we put in place the new arrangements.
“That shows their loyalty to the apprentices and the employers.”