Purpose

To agree
the transfer 50% of the Council’s unspent levy to non-levy
paying organisations in the borough  

Content

1.
      Agreed to make
available up to 50% (£645,844) of the Council’s unspent
levy fund contribution to be transferred to local employers in the
2024/25 financial year, to pay for the apprenticeship training and
assessment, through the Council’s Greenwich Access to
Apprenticeships Fund scheme.
 
2.
      Noted that the
transferrable allowance is based on up to 50% of last year’s
levy contribution. These funds are available for a period of two
years, after which time the funds expire and must be returned to
the government.