Transfer of levy funds and expiry of funds

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This topic contains 0 replies, has 1 voice, and was last updated by  m.gautam 11 months, 3 weeks ago.

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  • m.gautam

    My organisation is currently in the process of supporting a levy transfer from one company to another for one apprentice to join on 1st November.

    The sending company has explained their funds will be expiring on the 4th November. Can I check how it would work as based on my understanding, once the transfer happens, the receiving employer will lose these funds due to the expiry date and would then go into co-investment?

    I am not sure if levy paying employers can select particular levy funds on the Apprenticeship Service that have a longer expiring date in order to meet the rule of funding the whole cost of the apprenticeship?

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