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New online serviced launched for employers to transfer levy funds

By katie-sill | 27 Sep 2021 | Category: Blog
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There is now a new online service to make it easier for large employers that pay the Apprenticeship Levy to spend their levy funds. Large businesses will be able to easily pledge funds to smaller businesses through a new government service, to help create and recruit for more apprenticeship opportunities. This new service will simplify the process for employers looking to transfer funds, and businesses wanting to access funding.

Large employers can already transfer up to 25% of their annual levy pot to support other employers to take on apprentices. Many employers have already taken advantage of this opportunity including Amazon, Co-op and Lloyds Banking to support other businesses with a funding boost. Levy paying employers can also now advertise their funding pledges, enabling a much wider range of businesses to browse and apply for available funds.

Apprenticeships are a vital way of providing people with the chance to retrain and update their skills. By making it easier for employers to benefit from apprenticeships, the new transfer service will also help support young people to reach their career goals. It will also mean businesses will be able to aim their pledges towards supporting their target audience.

Find out more about transferring your apprenticeship levy to another business here: https://bit.ly/3u0EIWL

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