From April 2018 employers who pay the apprenticeship levy will be able to transfer apprenticeship funds to other organisations.
Employers who want to transfer funds can find employers who want to receive a transfer in a number of ways, for example:
Employers can transfer a maximum of 10% of annual funds. This is worked out from the total amount of levy declared, with the English % applied, 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.
The sending employer and the receiving employer need to first agree the details of the transfer of funds; for example, which apprenticeship standard, how many apprentices, the cost.
Once both employers are registered on the apprenticeship service the following must be done in their accounts to complete a transfer:
Before you make a transfer from your apprenticeship account, make sure that you:
There are currently no restrictions about who you can transfer funds to.
You should also know:
If you want to receive a transfer from another employer you must be aware of the following:
You need to know that 10% of all the funds you receive as a transfer from another employer count as state aid. Therefore, you should check:
Published 12 February 2018