To ask the Secretary of State for Education, what assessment he has made of the potential merits of private companies sharing their apprenticeship levy funds with public bodies.
22 October 2021
We are committed to supporting more employers to use apprenticeships to develop the skilled workforces they need, and to support more people, from all backgrounds, to benefit from the high quality training that apprenticeships offer.
To help large employers make full use of their levy funds, we are making it easier for them to transfer their unused funds and support new starters in other businesses, sectors or regions. In September, we launched a new online service to allow levy paying employers to advertise funding pledges, and to enable other businesses to browse and apply for these funds. Private sector companies are able to transfer levy funds to employers in the public sector.
It is encouraging to see that companies, including DPD, Mace Group, and Amazon UK, have already begun to take advantage of this opportunity and pledge funds for transfer.