The Education & Skills Funding Agency has announced new changes to the Apprenticeship Service Fund. This latest update, which comes into effect this April, outlines a number of new additions, intended to widen the benefits of the scheme to even more employers.

The announcement states that levy-paying employers will now be able to transfer apprenticeship service funds to one other employer - in order to pay for their apprenticeship training and assessment. In addition, the number of employers they may transfer said funds to will now increase over time, following user feedback from phase one of the programme.

In doing so, an employer can now choose to support another organisation - one that might not otherwise have been able to take on an apprentice. This, in turn could lead to a major boost to both skills and productivity within the employer’s sector/ regional supply chain. 

If you are a Levy paying employer (check here to see) and are interested in taking advantage of this opportunity, please contact StreetGames and we will support you to do so. StreetGames continues to strive for investment in the UK’s most disadvantaged communities and to support opportunities for those young people that live within them.

More changes are on the way soon, including new support materials for employers. From the end of April, employers will also be able to see their transfer balance as part of their apprenticeship service account.

For existing information, please make use of the following resources: 

Watch this 3-minute video about transfers

Read the GOV.UK page on transferring apprenticeship service funds

Read this updated transfers blog that now includes key dates

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