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 organisations to embark on business and workforce transformation. Eligible organisations 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 SSG and WSG, 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 SSG, Job redesign initiatives, and Career Conversion Programmes etc. by 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:

  • You must have contributed at least $750 Skills Development Levy (SDL) over a qualifying period*
  • You must have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
  • You must not have been qualified at any of the earlier periods

*The qualifying periods are:

  • 1 April 2019 – 31 March 2020
  • 1 July 2019 – 30 June 2020
  • 1 October 2019 – 30 September 2020
  • 1 January 2020 – 31 December 2020

There will be no qualification after the last period.

How to apply:

There is no need to apply for SFEC. If you fulfil the eligibility criteria, you will be informed by Enterprise Singapore in writing, along with the relevant details.

For further questions on SFEC and on your eligibility, you may contact Enterprise Singapore at enquiry@enterprisesg.gov.sg for assistance.