Creating more apprenticeship opportunities
A consortium of Lancashire organisations are working together to help local businesses develop their workforce and retain funding within the county as it recovers from the effects of the pandemic.
The Lancashire Levy Transfer Network has been launched with some well-known local employers pledging to donate more than £500,000 of apprenticeship levy.
The Network enables other Lancashire businesses to get the support they need to access apprenticeship training for their staff. This opportunity could not come at a better time to support the recovery of Lancashire's economy.
The Network aims to simplify the process of matching up businesses for mutual benefit; levy-payers do not lose their underspent funds to a central government pot and instead, the maximum amount of levy investment is retained in the Lancashire region.
Sarah Kemp, chief executive of the Lancashire Enterprise Partnership, commented: "I wholeheartedly welcome this initiative. It will ensure that more of the apprenticeship levy funds collected in Lancashire will be reinvested in Lancashire, benefitting businesses and apprentices alike.
“It is great that so many major employers are already backing the Lancashire Levy Transfer Network and have pledged more than half a million pounds to fund apprenticeships in partner businesses."
- To read this feature in full and access further Lancashire business news, advice and analysis subscribe to Lancashire Business View magazine or join the LBV Hub from just £2.50 per month. Click here to subscribe now.