Asset Integrity Management Conference – Smart, Safe & Sustainable
28 Feb 2024Read more >
We’re making changes to ensure the apprenticeship service meets the needs of employers, training providers and apprentices. Our latest update is now live, the details are outlined below.
Our new online service makes it easier for levy paying employers to transfer unspent levy funds to support apprenticeships in other businesses.
This is a great way for employers to help other businesses, create opportunities and close skills gaps in sectors and locations they want to support.
Share this information with your employer members and networks, so they can make the most of this new service.
Levy paying employers can now create a pledge of up to 25% of their annual levy funds. They can select how much funding they want to transfer and set optional criteria for the types of businesses and apprenticeships they would like to support.
All businesses, including training providers and intermediary bodies, will be able to see these funding opportunities on a gov.uk webpage. If they meet the criteria, employers will be able to apply for funding to pay for 100% of their apprenticeship training and assessment costs (up to the funding band maximum).
The webpage should go live from the end of September 2021.
To create a pledge, employers need to sign in to their apprenticeship service account, go to ‘Finances’ and then ‘Transfers’.
They can also use their account to review, approve or reject any pledge applications.