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Lloyds Banking Group is to provide the largest financial commitment across all UK businesses by providing millions of pounds to apprenticeships within SMEs.

The Group will commit 25% of its Apprenticeship Levy Fund from April directly to local small businesses to fund apprenticeships across various sectors to further support the UK economy grow.

From 2019, the Group will transfer to £3 million per year up to 2021 through the Apprenticeship Levy. With the additional funds, businesses across the UK will have the necessary funds to recruit and train apprentices in sectors such as digital, technology and manufacturing.

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Michelle Blayney, Chief Culture and Talent Officer, Lloyds Banking Group commented, “We see first-hand the benefits of apprenticeships and are delighted to be able to make this significant commitment which will enable small businesses to embrace the value and potential of apprenticeships. Working with our partners across the UK, this additional funding will enable small businesses to recruit and train apprentices and benefit from the improved productivity and performance that apprentices can offer. We encourage other large organisations to utilise their unspent levy to support small businesses and apprentices in England.”

David Oldfield, Group Director and CEO Commercial Banking, Lloyds Banking Group, added, “Boosting productivity is vital to the UK’s long-term economic success and, for firms of all sizes, having the right skills at hand is an imperative. This productivity initiative is just one of the ways in which we are standing by the side of British SMEs, helping them to unlock their potential by training employees to enable them to remain competitive in the years ahead. The upcoming pilot will help us understand where support is needed most and we look forward to scaling this in the future.”

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Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email or

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few

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