The Apprenticeship Levy Transfer Fund has supported more than 4,000 apprentices and 1,683 SMEs
The West Midlands Combined Authority (WMCA) is calling for more SME employers to recruit apprentices so that they can benefit from its Apprenticeship Levy Transfer Fund.
The fund has, so far, received £47.6 million of pledged donations from levy paying organisations and has supported more than 4,000 apprentices and 1,683 businesses.
Originally set up in March 2019, the fund allows some of the UK's biggest businesses to cover 100% of the training cost of apprentices for SMEs by donating their unspent apprenticeship levy, which is charged annually by Government, to the WMCA rather than having to give it back to HM Revenue and Customs.
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