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Apprenticeships – a talent opportunity for your business

Apprenticeships are an exciting option for both apprentice and employer. Apprenticeships deliver great benefits, from improved staff retention and motivation to increased productivity. 

You can find an apprentice by accessing the government apprenticeship site or through other stakeholders who can help broker the relationship.   

Apprenticeships: levy transfers – A Good practice guide

An apprenticeship levy transfer allows a levy paying employer to transfer up to 25% of their unused levy to a different employer.

The transferred funds are used to cover 100% of the training and assessment costs of the apprenticeship up to the funding band maximum.

This guide developed by the Department for Education, The Education and Skills Funding Agency and the British Chambers of Commerce provides information on the Apprenticeship Levy funds and how to connect and share them through a transfer.

You can also find information here if you are planning to receive  or transfer funds.

Access 100% funding for apprenticeships

LCCI is pleased to support The London Progression Collaboration (LPC). The LPC is on a mission to make sure low-paid Londoners can secure better-quality, higher-paying work, and to make sure London’s businesses can develop the skills they need to thrive and grow. With the LPC’s support, you can get 100% of the costs of apprenticeship training and assessment funded via ‘levy transfer’ – where a larger employer pays these costs for you, using their unspent apprenticeship levy funds.

FIND OUT MORE

Hear from three employers that the LPC has supported through their apprenticeship journey talk about their experience and the impact on their businesses:

About The London Progression Collaboration (LPC)

The LPC is a not-for-profit initiative, launched in February 2020. Their pilot was supported by the Greater London Authority and JPMorgan Chase; current funders include Youth Futures Foundation, Trust for London, CVC and Gatsby Foundation. The LPC are incubated by the Institute for Public Policy Research (IPPR), a registered charity. They have supported over 1,200 new apprenticeship starts and enabled more than 300 small businesses to offer new apprenticeships.

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