Apprenticeship.Gov’s new online service allows you to browse and apply for a transfer of apprenticeship funds from large businesses. The funds can be used to cover 100% of your apprenticeship training and assessment costs (up to the funding band maximum)!
If you are an employer that doesn’t pay the apprenticeship levy, you can cover the costs of training and assessing apprentices through:
• funding from the government – you pay 5%, the government pays the rest (up to the funding band maximum)
• funding transferred from a levy paying employer – the levy paying employer pays 100% (up to the funding band maximum)
With their new online service you can:
- Browse funding opportunities from large businesses, such as Mace Group, Amazon and University Hospitals of Leicester NHS Trust
- Apply for a transfer of funds to cover all the costs of training and assessing apprentices (up to the funding band maximum)
- Build key relationships with large businesses
Large employers have already pledged over £1 million for the 2021 to 2022 financial year, with many more expected to pledge in the coming weeks.
Chancellor of the Exchequer Rishi Sunak said:
“Our small and medium-sized businesses are the cornerstone of our economy, and so I’m thrilled that we’re making it easier for them to take on apprentices.
“Our Plan for Jobs is equipping people with the skills they need to find work, and I’m immensely proud to see these new reforms providing even more apprenticeship opportunities.”