How very sad and depressing. I wonder what the background is? Has the owner been given inducements to close/move by the airport? There's no mention of closure on the school's website.
NEMA has a similar number of ATMs to Belfast and Newcastle where training continues. It has a great deal less than Glasgow, Edinburgh and Aberdeen where training continues (although none of those are commercial outfits). There should be no reason why an airport with those traffic levels should not be able to support a flying school. At least EMFS has a whole host of alternative locations - Nottingham, Derby, Leicester to name the obvious ones.
I predict Leeds Bradford will be the next to ditch GA. The new MD there is the guy who did his best to eject GA from Bristol then Newcastle.
NS