Hampshire Apprenticeships Levy Transfer Scheme
Monday January 20th, 2020
In May 2017, the Government introduced the Apprenticeship Levy as part of its reforms to work-based and technical education. This obliges all employers (in England) who have an annual salary bill of £3m or more to commit 0.5% of that amount to Apprenticeship training.
From April 2019, government introduced the facility for employers to transfer up to 25% of the annual Apprenticeship Levy (12-month rolling total) to other employers.
Hampshire County Council apprenticeship levy is approximately £3.5 million annually with the aim to support the County Council’s Serving Hampshire Strategic Objectives, 2017-21. By allowing the transfer of uncommitted Levy funds to support the expansion of Apprenticeship recruitment in Hampshire, with the potential to significantly and positively impact on the Hampshire economy and community.
Councillor Keith Mans, Leader of Hampshire County Council, said: “I am pleased that, as a large local authority, we are able to contribute significantly to promoting employment in Hampshire, with the money to support employers to invest in training and develop people for their future workforce. Without this assistance, some companies would not be in any position to offer an apprenticeship.
“The levy transfers should help to maintain low rates of unemployment and perpetuate the level of economic prosperity benefitting Hampshire residents.”]
To qualify, employers must ensure apprentices are a Hampshire resident or working in the county, and that the apprentice’s place of training and work will be within the Hampshire local authority area (even if the employer’s head office is not). Further sector related criteria will also apply.
To find out more and apply for a Levy Transfer email email@example.com.