What are Apprenticeship Levy fund transfers?

Employers who pay the Apprenticeship Levy are able to transfer unused Levy funds to other organisations, to pay for Apprenticeship training and assessment. A maximum of 50% of a company’s annual Levy funds may be transferred, which is calculated from the total amount of Levy declared during the previous tax year.

Transfers have been introduced in response to employer demand, allowing Levy paying employers to spend some of their funding to help develop the workforce of other employers, perhaps in their supply chain.

Levy paying employers are able to transfer funds to any employer and will have to agree the Apprenticeships that are being funded by a transfer, with the employer receiving the funds. Employers receiving transferred funds will be able to use them to pay for training and assessment for Apprenticeship Standards and the transfer must cover the cost in full.

For more information visit the transferring unused apprenticeship funds to other employers page on GOV.UK and read this blog on 7 pointers to help employers prepare for transfers on the apprenticeship service.

Levy transfer networks operate across the country and are designed to match businesses seeking support to fund Apprenticeship training, with Levy companies that want to donate unused Apprenticeship Levy monies.  Transfer networks include the Lancashire Levy Transfer Network, Greater Manchester Levy Matchmaking Service and West Yorkshire Combined Authority Levy Transfer Service.