Large employers who pay the apprenticeship levy have the option to transfer up to 50% of their annual levy funds to other businesses. These funds are specifically for apprenticeship training and assessment.
This allowance was increased from 25% to 50% of the previous financial year's apprenticeship levy funds on 22 April 2024. Employers can choose which sectors, skills, or local areas to support with their transfers.
Businesses receiving funds must have an apprenticeship service account. Transferred funds are committed for the duration of the apprenticeship and are paid monthly, prioritised over the sending employer's own apprentice payments.