Level 7 Accountancy Apprenticeship Impact Report

Levy funding for the Level 7 Accountancy/Taxation Professional apprenticeship has been central in addressing skills shortages in the accountancy sector and will play a vital role in supporting Government missions – from economic growth to breaking down barriers to opportunity. This report outlines the critical reasons why the government must ensure the Level 7 Accountancy/Taxation Professional apprenticeship standard continues to receive full levy funding.

Level 7 Accountancy Apprenticeship Impact Report

Level 7 Accountancy Apprenticeship Impact Report

Levy funding for the Level 7 Accountancy/Taxation Professional apprenticeship has been central in addressing skills shortages in the accountancy sector and will play a vital role in supporting Government missions – from economic growth to breaking down barriers to opportunity. This report outlines the critical reasons why the government must ensure the Level 7 Accountancy/Taxation Professional apprenticeship standard continues to receive full levy funding.

First Intuition is pleased about plans to introduce shorter-duration and foundation apprenticeships, addressing our long-standing call for greater flexibility at Level 2.

However, removing funding for Level 7 apprenticeships in accountancy will reduce opportunities for young people, reduce diversity and jeopardise the strength of a sector essential for economic growth.

Download the Level 7 Apprenticeship Impact Report Summary

Download the full Level 7 Apprenticeship Impact Report

Recommendation:

In order to support the development of young people into the high-skilled accountants essential to the UK’s economic future, full levy funding for the Level 7 Accountancy/Taxation Professional apprenticeship must be retained. We urge the Government to engage with employers of Level 7 accountancy apprentices — particularly SMEs and the public sector —to understand the vital importance of the Level 7 programme, and take into account its contribution to economic growth, social mobility, and high-level finance skills development in developing the new Growth and Skills Levy.

Update 27.05.2025:

The Government has officially announced that Level 7 apprenticeships will continue to be government-funded for:

  • Young people aged 16–21

  • Individuals under 25 who are care leavers or have an Education, Health and Care Plan (EHCP) at the start of their apprenticeship in England.

  • These changes will take effect from 1 January 2026. 

Based on feedback, we believe this report played a key role in the decision-making process regarding Level 7 funding. You can find more information about the final updates here.

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