What is a Levy Transfer?
When businesses pay into the Apprenticeship Levy and don’t claim all their funds, they lose them – their financial contributions expire after 24 months and are claimed back by the treasury.
To control how these unused funds are used, businesses can arrange a Levy transfer to support another organisation, including SMEs & other Levy contributors, hire or upskill through apprenticeships.
Levy transfers allow businesses to benefit from additional monetary support to make training and assessment costs more accessible – meaning SMEs can hire new apprentices or upskill & reskill existing employees without the usual 5% contribution, and Levy contributors can receive support when they have maxed out their funds.