Transferring apprenticeship service funds
From the end of April 2018:
- Employers who pay the apprenticeship levy will be able to see their transfer allowance in their apprenticeship service account
From May 2018:
- Employers who pay the apprenticeship levy will be able to fund apprenticeships in one other organisation through a transfer
- Receiving organisations will be able to start adding details of their apprenticeships to the service
From June 2018:
- The first transfer payments will be made
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.
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)
- Work with regional partners
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.
Watch the video below for more information: