Greater flexibility for apprenticeship levy as transfers extended
Large employers will soon be able to transfer up to 10% of their apprenticeship levy funds to multiple businesses, helping to boost the number of high-quality apprenticeships across the country.
Currently, levy paying employers can transfer up to 10% of their apprenticeship service funds to one other employer. After listening to businesses, the Minister’s announcement goes further and provides even greater flexibility for businesses, so that from July, employers will be able to make transfers of up to 10% to as many other employers as they choose.
This move will lead to more quality apprenticeships being created and will help employers to work together in partnership, supporting them to take on apprentices who may not have done so otherwise.
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