Transferring a Levy
At EDN, we understand the importance of utilising your apprenticeship levy funds effectively. For large employers who contribute to the apprenticeship levy, the option to transfer up to 25% of these funds annually to other businesses is a valuable opportunity. This transfer can be instrumental in covering the costs associated with apprenticeship training and assessment for different organisations.
The act of transferring levy funds empowers you to support various businesses by strategically selecting the sectors, skills, or local areas you wish to invest in. For instance, you might choose to bolster the engineering sector throughout England, sponsor digital apprenticeships in your local community, or back apprenticeships in a specific town or city. The power to determine which businesses and apprenticeships to support rests entirely in your hands.