Fees and funding for the Level 7 Accountancy Professional Apprenticeship

The Level 7 apprenticeship funding cap has been set at £21,000. 

• If you are a levy-paying employer, you will be able to claim back a maximum of £21,000 from your levy funds.
• If you are a non-levy paying employer, the government will pay 95% of the cost of the apprenticeship, so all you will have to contribute is the remaining 5%. This means that the maximum amount available to you from the government is £19,950. 
• If you are a non-levy paying employer, with 50 employees or less, and the apprentice you are employing is age 16-21, the government will pay 100% of the cost of the apprenticeship. This means that the maximum amount available to you from the government is £21,000. 

Fees that are not covered by the apprenticeship funding must be paid by the employer and not the apprentice.

There are rules on what can and cannot be covered by the apprenticeship funding. All costs eligible for funding can be found in the Apprenticeship funding rules(paragraphs 89 to 93).

Fees covered by the apprenticeship funding

The following fees associated with our Level 7 Accountancy Professional Apprenticeship are covered by the apprenticeship funding:

Learning materials

Please check with your tuition provider before purchasing learning materials for apprentices as some providers will include the cost of the ICAEW learning materials in their tuition fees.

End-point assessment

Please note, exam re-sits cannot be covered by apprenticeship funding. 

Tuition

We work with high-quality tuition providers across the world to deliver tuition for our qualifications. Fees are set by the tuition provider and may vary depending on location, course structure and type. 

Fees not covered by the apprenticeship funding

The following fees are not covered by the apprenticeship funding:

Annual student fee

Invoices will be issued near the end of the calendar year to the qualified person responsible for training (QPRT) or other nominated individual in your organisation. The invoice will include all students in a training agreement during the year.

On-programme assessment

The on-programme assessment fees relate to the 14 ACA exams:

Credit for prior learning 

Credit is not available for the Advanced Level exams.