It was announced today (26/06/18/) that large employers will soon be able to transfer up to 10% of their apprenticeship levy funds to multiple businesses, in a move aimed at helping to boost the number of high-quality apprenticeships across the country.
Apprenticeships and Skills Minister Anne Milton announced the move today at the AELP Annual Conference.
The apprenticeship levy is giving employers a real opportunity to invest in high-quality training, helping to grow their business and get the skilled workforce they need to thrive and succeed. Only around 2% of employers pay the levy but that investment has funded more than 40% of the apprenticeships started in the last year.
Currently, levy-paying employers can transfer up to 10% of their apprenticeship service funds to one other employer. After listening to businesses, the Minister’s announcement today goes further and provides even greater flexibility for businesses, so that from July, employers will be able to make transfers of up to 10% to as many other employers as they choose.
Apprenticeships and Skills Minister Anne Milton said:
“It’s fantastic to see so many businesses taking advantage of the opportunity that the apprentice levy provides. As well as kick starting their apprenticeship programmes, business is now recognising the benefits an apprentice brings to the work place with enthusiasm and new ideas.
We want to keep improving apprenticeships for everyone and I am delighted that we are now extending the flexibility of the apprenticeship levy. If we look at what the Berkeley Group and Norfolk County Council are doing, this is business and the public sector using the apprenticeship programme to change people’s lives.”
The announcement follows another significant boost to apprenticeships this week, with new high-quality apprenticeship standards in bricklaying and plastering being approved for delivery by the Institute for Apprenticeships. Around 4,000 apprentices are expected to enrol on the bricklayer apprenticeship every year and up to 1,500 apprentices to undertake plastering each year.
Further information can be found on the DfE website