Transfer of Levy Funds
Employers with operations in England can transfer a maximum of 10% of their annual Apprenticeship Levy funds. This is worked out from the total amount of levy declared, plus the 10% government top-up payment.
These funds will be used to pay for the training and assessment cost of the apprenticeships agreed with the receiving employer and will be paid monthly for the duration of the apprenticeship.
Only levy-paying employers can make a transfer. Any employer can receive and use transferred funds, but they have to be registered on the apprenticeship service. A transfer can only be used to pay for training and assessment for apprenticeship standards.
Employers who want to transfer funds can find employers who want to receive a transfer in a number of ways, for example
- work with an employer in your supply chain
- get in touch with employers in your industry
- get in touch with an Apprenticeship Training Agency (ATA), for example Apprenticeship Solutions
- work with regional partners
For the first phase, employers who have unused funds in their apprenticeship account will be able to transfer some of those funds to one other employer. The number of employers you will be able to transfer funds to will increase over time and after user feedback from the first phase.
Please contact our Apprenticeship team on 023 9253 8724 for more information on how you can transfer your Apprentice Service Funds.