The government has allocated each Trailblazer standard a funding band which represents the level of money available to employers to spend on their apprenticeship programme.
The funding cap for the Level 7 Trailblazer in Accountancy has been set at £21,000.
If you’re a levy-payer, you can now claim back a maximum of £21,000 per apprentice.
If you’re a non-levy payer, you have access to apprenticeship funding up to a maximum of £21,000 per apprentice. The government will pay 90% of the cost of the apprenticeship, so all you have to contribute is the remaining 10%. The Level 4 Trailblazer in Accountancy is included in funding band 9, with a maximum government contribution of £9,000. This means that, for levy-paying employers, this is the maximum amount of digital funds they can use towards an individual apprenticeship.
For employers who do not pay the levy, the government will pay 90% of the cost of the apprenticeship, with the employer contributing the remaining 10%. So the maximum amount the government will co-invest for the Level 4 is £8,100.
ICAEW CFAB learning materials costs:
End-point assessment exam fees:
Please note that re-sits for any exams will not be covered by the funding.
The employer is required to pay a registration fee to us which is £165 (+VAT where applicable). Please note that invoices are issued in December each year and the full amount is payable irrespective of when a student leaves your employment.
ICAEW CFAB consists of six modules. The cost for each exam is £70.
Apprentices on the ICAEW Level 4 Accounting Technician Apprenticeship may be eligible for exemptions for up to five of the six modules.
The costs for credit for prior learning are £70 per module.
ICAEW invoices will be sent to the qualified person responsible for training (QPRT) or authorised training principal unless we are notified otherwise. You can email firstname.lastname@example.org to nominate an alternative contact or call +44 (0)1908 248 250.