Upcoming changes to Accountancy Apprenticeships
Here’s what’s happening to accountancy apprenticeships in the UK, with a particular focus on Level 7 routes like ACA, ACCA, and CIMA.
Key upcoming changes to Accountancy Apprenticeships
Funding for Level 7 Apprenticeships is changing
From 1 January 2026, UK government (levy) funding for Level 7 apprenticeships will only apply to:
- Apprentices aged 16–21, plus those under 25 who are care leavers or have an EHCP at the start of their apprenticeship.
- Anyone beginning a Level 7 apprenticeship before this date will continue to be funded through-to-completion.
This shift is a significant reduction in support for older apprentices and has raised serious concerns among professional bodies and universities.
Industry Response: Profession-Wide Concern
ICAEW, ACCA, and CIPFA have jointly called on the government to reconsider the changes, warning they risk undermining growth, skills development, and social mobility in the accountancy profession.
ACCA expressed disappointment over the move to cut higher-level apprenticeships in favour of prioritising lower-level training.
A new ACA Qualification: ICAEW’s “Next Generation ACA”
- ICAEW is launching a refreshed Next Generation ACA qualification in September 2025.
- This iteration emphasises technology, sustainability, and ethics, with new specialisms, digital resources, and a streamlined structure to better prepare future accountants.
University Sector Concerns
A survey from the University Vocational Awards Council (UVAC) shows widespread concern:
- 69% of universities believe the changes to the levy and Level 7 funding will deter employers from using higher and degree apprenticeships.
- 94% say reducing Level 7 funding will lower opportunities to upskill existing staff.
- 81% fear fewer older apprentices (over 25) will be recruited.
- 55% worry about decreased participation from underserved communities.
What you can do next
Employers:
- Act quickly to enrol apprentices before the funding cutoff.
- Explore alternative pathways like Level 6-degree apprenticeships or the upcoming Next Generation ACA.
- Engage with professional bodies (ICAEW, ACCA, CIPFA) for support and advocacy.
Aspiring Apprentices:
- If you’re targeting Level 7, aim to start before January 2026.
- Consider enrolling in the Next Generation ACA, especially if you’re interested in tech, ethics, and sustainability.
- Explore other funded routes, like Level 6-degree apprenticeships, which may still offer robust support.
