Transferring Funds
Employers can transfer unused funds in their account to any number of other employers, for any number of apprenticeships.
They can transfer up to the annual maximum transfer allowance of 50%. For example, employers could transfer funds to other employers in their supply chains or work with regional, local or sector partners.
Employers can transfer unspent levy funds to other employers through the online pledge function in their apprenticeship service account. Employer can specify the amount of their funds available for transfer. They can also define the criteria of the apprenticeship they wish to support.
This pledge is then advertised on search funding opportunities. This enables other employers, training providers and intermediary bodies to see what opportunities are available. Potential receiving employers will be able to apply for these pledges through their apprenticeship service account.
Alternatively, if an employer already knows who they want to send a transfer to, then this can be done through a direct transfer connection.
Receiving employers can use transferred funds to pay for the training and assessment cost (up to the funding band maximum) of their apprenticeship.
