Levy transfer – the background

Organisations whose wage bill exceeds £3m a year have an apprenticeship levy applied at a rate of 0.5%. These funds are then available to use on skills development programmes – like apprenticeships. But what happens when an organisation can’t use its entire levy pot? That’s where levy transfer comes in.

Under new rules introduced in April 2024, large businesses can transfer up to 50% of their levy pot to smaller organisations to support upskilling – a vital way for SMEs to access funding.

How will it work?

If you’re a small business looking for help when it comes to paying for learning and skills programmes, you’ve come to the right place. We’re working with our trusted partner Babington to help connect small businesses with levy funds, in order to support local skills development, champion social mobility, and create opportunity for all.

If you’re interested in accessing funding, the first step is to contact us and tell us a bit about your business.

Babington provides a range of apprenticeship programmes and has developed a network of trusted, high-quality training providers. This means we can help you not only with securing funding, but also with connecting you with a vetted, stand-out provider to deliver the training.

Our team will be in contact to explain the next steps. If you have any questions, get in touch with us.