From April 2018, ESFA plan to allow levy-paying employers to transfer funds to other employers, through the apprenticeship service. Levy-paying employers will initially be able to transfer up to 10% of the annual value of funds entering their apprenticeship service account.
They will be able to transfer funds to any employer and will have to agree the apprenticeships that are being funded by a transfer with the employer receiving the funds. Employers receiving transferred funds will only be able to use them to pay for training and assessment for apprenticeship standards.
For more information, visit the apprenticeship funding: how it works page on GOV.UK and look under the heading ‘Share funds with another employer’. We will be providing further details about the transfer process in the near future.