Let’s get the Apprenticeship Levy working for Lancashire, urges Pierce

apprenticeship.jpg

Lancashire’s leading employers are being urged to share their unused Apprenticeship Levy funds with local companies to help bridge skills gaps and seize the economic benefits of training.

The plea for collaboration from local accountancy firm Pierce, comes as the first tranche of payments dating from the scheme’s introduction in April 2017, are set to expire in April 2019.

Companies that have not made full use of their Apprenticeship Levy credits, are also now able to transfer funds to any business whether they are operating either locally, in their supply chain or within their broader industry.

Currently, employers can transfer a total of 10% of their annual funds to as many businesses as they wish, with the amount increasing to 25% from April. Both companies need to be registered with the apprenticeship service in order to transfer or receive the funds.

The option of transferring funds was introduced following the lack of uptake to the levy. Last year, it was announced that 92% of the funds were not spent in the first year of the scheme.  

Lisa Kennery at Pierce said: “The Apprenticeship Levy is a fantastic initiative but various complexities mean that not all companies are taking full advantage of it. Simply by collaborating locally and regionally to share money that is set to be lost anyway however – Lancashire firms have a unique opportunity to spread the immense benefits of training and upskilling.

“Right now in our region, there are skills shortages in construction, engineering, manufacturing, IT, logistics and many more specialisms. The Apprenticeship Levy offers an excellent opportunity to get our regional workforce trained and upskilled, and our businesses poised to unlock future growth and investement.

“Lancashire is famed for its friendly, open way of doing business, so it would be fantastic if we could show the rest of the UK just how well we collaborate by using this opportunity to plug as many regional skills gaps and creating as many jobs as possible.

“SME’s account for 60% of all private sector employment in the UK, so the opportunity to transfer funds will not only add fuel to regional growth by stimulating all areas of the supply chain – it will enable smaller firms to offer apprenticeship schemes, or upskill existing staff.

“This will allow many more people in the local community to enhance their careers through training.”

For more information about transferring apprenticeship levy funds, contact Pierce on 01254 688 100.

Enjoyed this? Read more from Pierce CA Ltd

Latest news

1

CMAC Group appoints Matthew Ratcliffe as chief operating officer Matthew Ratcliffe CMAC

CMAC Group appoints Matthew Ratcliffe as chief operating officer

03 Apr 2025

2

For sale signs at The Villa Villa Wrea Green has been brought to market (Image credit: The Villa Wrea Green)

For sale signs at The Villa

02 Apr 2025

3

Montane group expands with new Lancashire hub Anthony Rae Scott Murcott And Adam Lee

Montane group expands with new Lancashire hub

02 Apr 2025

4

Trio of wins for Lancaster brand and digital consultancy Tom Grattan MD and Daniel Wallace

Trio of wins for Lancaster brand and digital consultancy

02 Apr 2025

5

College excellence highlighted in Ofsted report Fazal Dad

College excellence highlighted in Ofsted report

02 Apr 2025

Pc Prestonmacan Gif980x120 March
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200px
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

WHN Charity Quiz Night
Evenbrite Quiz 2025.png.png
LBV Hub Fundraisers
03 Apr 2025 - 03 Apr 2025

WHN Charity Quiz Night

The Stables Country Club, Bury , BL9 1PU

18:00 - 22:00

Chamber Breakfast Networking – April
Chamber logo - new-02.png.png
LBV Hub Networking
03 Apr 2025 - 03 Apr 2025

Chamber Breakfast Networking – April

The Dukes Theatre, Lancaster, LA1 1QE

08:00 - 10:00

Lancashire Business Expo 2025
https---cdn.evbuc.com-images-880395853-4862066883-1-original.20241022-091152-2.jpeg.jpg
LBV Hub Exhibitions
04 Apr 2025 - 04 Apr 2025

Lancashire Business Expo 2025

Sir Tom Finney Sports Centre, Preston, PR1 2HE

09:00 - 15:00

The Business Network Central & East Lancashire
LBV Hub Networking
24 Apr 2025 - 24 Apr 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

People Power: Exclusive Event Series
Stay ahead in 2025.jpg.jpg
LBV Hub Seminars
29 Apr 2025 - 29 Apr 2025

People Power: Exclusive Event Series

People's History Museum, Manchester, M3 3ER

17:00 - 21:00

Planning for the future + navigating Inheritance Tax changes
Planning for the future + navigating Inheritance Tax changes for website.png.png
LBV Hub Seminars
01 May 2025 - 01 May 2025

Planning for the future + navigating Inheritance Tax changes

Stanley House Hotel, Mellor, Blackburn, BB2 7NP, Blackburn, BB2 7NP

08:00 - 10:30

A night at the races
1.png.png
LBV Hub Dinners / Balls
02 May 2025 - 02 May 2025

A night at the races

Morecambe FC, Morecambe, LA4 4TB

19:00 - 23:59

Amber River True Bearing quarterly investment seminar
LBV Hub Seminars
22 May 2025 - 22 May 2025

Amber River True Bearing quarterly investment seminar

Cottons Hotel & Spa , Knutsford, WA16 0SU

16:00 - 18:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv121 Online Graphic
Subscribe now

Weekly news bulletin