Purpose

To agree to make available up
to 50% (£720,986) of the council’s unspent levy fund
contribution to be transferred to local employers in the 2025/26
financial year, through the Council’s Greenwich Access to
Apprenticeships Fund scheme.

Content

Agreed to make available up to
50% (£720,986) of the council’s unspent levy
contributions to be transferred to the training providers on behalf
of local employers for apprenticeship training and assessments in
the 2025/26 financial year, through the Council’s Greenwich
Access to Apprenticeships Fund scheme.
 
Noted that the transferrable
allowance is based on 50% of last year’s levy contribution,
which is available for two years, after which time the funds expire
and will be retained by HM Treasury.