The Education Skills Funding Agency released their latest business update today (5th February). We’ve highlighted some of the key points below but please visit the website for the full update:
Updates to the apprenticeship service:
From April 2018 levy-paying employers will be able to transfer funds to other employers, through the apprenticeship service. Levy-paying employers will initially be able to transfer up to 10% of the annual value of funds entering their apprenticeship service account.
For more information, visit the apprenticeship funding: how it works page on GOV.UK
Minimum wage for apprentices increases April 2018
The national minimum wage for apprentices will rise in April 2018, from £3.50 to £3.70 an hour. This is a 5.7% increase, above UK inflation. This rate applies to apprentices under 19 and those aged 19 or over who are in their first year. Apprentices must be paid at least the national minimum wage rate if they’re an apprentice aged 19 or over and have completed their first year.
#NAW2018
Find out how you can get involved in National Apprenticeship Week 2018 and see a full list of 2017 award winners.
Framework withdrawals
Over the course of 2017, we sought feedback on proposals to withdraw a 4th and 5th batch of apprenticeship pathways and frameworks, which confirmed that there are a number of frameworks for which there are corresponding standards that have been approved for delivery and are being used by employers.
However, we will not withdraw any further frameworks until 2020 in order to maintain choice for employers and greater stability for providers. For further information, refer to the removal of apprenticeship frameworks page on GOV.UK or contact the service desk.
Next Steps:
- Use your dashboard to explore our Youth Friendly Principles
- Find out more about the Talent Match Mark and how you can be recognised for your youth friendly work
- Visit our Careers Hub and find out how you can inspire young people in to the world of work
