Young adults are likely to be more tempted to join an apprenticeship scheme after minimum wages increase. 

As of April, apprentice pay increased by a substantial 21.2 per cent, with the government hoping the rise will make apprenticeships a more appealing choice for school leavers. 

This takes the minimum hourly wage for apprentices to £6.40, while they also continue to learn their skill so they can finish their programme with a valid qualification. 

Prime Minister Rishi Sunak announced the £60 million investment in apprenticeships last month, which will not only help young people get on the career ladder but also the small businesses that train them. 

Mr Sunak said this investment will help make “the UK the best place to do business” and will “unlock a tidal wave of opportunity”. 

Small apprenticeship providers will now be able to claim back all the training costs from the government, and will also benefit from an increase in the amount of funding from the apprenticeship levy that can be transferred to other firms. 

According to a report from the Institute of Student Employers (ISE), poor pay was one of the main reasons why apprentices leave their roles.

More than half of employers revealed graduates and apprentices quit looking for a better wage elsewhere, which is an increase from 40 per cent last year. 

In 2020 and 2021, just over a quarter of trainees left for higher salaries, showing the steep rise in people becoming disgruntled with pay conditions, with the cost-of-living crisis and insecure jobs market having a big impact.

More than two-thirds (70 per cent) of occupations now offer apprenticeships as a form of training, enabling students to earn while they learn. Now that the pay has increased, this could make this route of education even more enticing.