Invest in your business and workforce transformation with additional support

The SkillsFuture Enterprise Credit (SFEC) is a $10,000 credit provided by the government to further encourage enterprises to embark on business and workforce transformation. Eligible enterprises will benefit from an additional 90% funding support for their out-of-pocket expenses when they take up relevant initiatives for business and/or workforce transformation.

How it works:

The SFEC supports programmes under two broad categories:

  • Enterprise Transformation: Programmes that support enterprise transformation
  • Workforce Transformation: Job redesign initiatives, and curated training programmes by SkillsFuture Singapore and Workforce Singapore, such as training courses aligned to the Skills Framework, Career Conversion Programmes and sector-specific programmes

For the full list of SFEC-supportable programmes, visit SFEC Microsite

Subsidies and funding:

If you are eligible*, you will be able to utilise your one-off $10,000 credit for:

  • Enterprise Transformation programmes by various government agencies hosted on the Business Grant Portal (BGP). You will be able to claim up to S$7,000 credit only.
  • Workforce Transformation programmes including courses aligned to the Skills Frameworks and funded by SkillsFuture Singapore (SSG), Job redesign initiatives, and Career Conversion Programmes etc. by Workforce Singapore (WSG). You will be able to claim the full S$10,000 credits.

*In addition to qualifying for the SFEC, you will also have to meet the eligible criteria of the individual SFEC-supportable programmes before you can draw down the credit. The credit can be used for training courses that commenced from 1 April 2020, and for schemes that are applied on or after 1 April 2020.

Eligibility criteria:

Eligible employers have been qualified for SFEC over 5 qualifying periods. Employers that have fulfilled the eligibility criteria for SFEC will be informed by Enterprise Singapore.

Please refer to the table below for the qualifying periods and the respective eligibility criteria.

Qualifying Periods Eligibility Criteria
SFEC (Budget 2020) 1 April 2019 – 31 March 2020
1 July 2019 – 30 June 2020
1 October 2019 – 30 September 2020
1 January 2020 – 31 December 2020
Employers must meet the following conditions over any of the qualifying periods:

  • Have contributed at least S$750 Skills Development Levy (SDL) over a qualifying period; and

  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same qualifying period; and

  • Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during the qualification process.
  • SFEC Expansion (Budget 2022) 1 January 2021 – 31 December 2021 Employers must meet the following conditions over the qualifying period:

  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and

  • Have not been previously qualified for SFEC; and

  • Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during the qualification process.
  • How to apply:

    A separate application for SFEC is not necessary. ESG will notify all newly eligible employers for SFEC via email sent to their registered CorpPass Administrators.

    Employers newly qualified in 2021 may use their SFEC for supportable programmes applied from 1 April 2022. Employers who were previously qualified can continue to use their SFEC for supportable programmes submitted on or after 1 April 2020. Final claims for SFEC-supportable programmes must be submitted to the respective agencies by 30 June 2024. Claims can be submitted only for training which has been completed.

    For further questions on SFEC and on your eligibility, you may contact Enterprise Singapore here for assistance.