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SkillsFuture Enterprise Credit (SFEC)

What is SkillsFuture Enterprise Credit (SFEC)?

The SkillsFuture Enterprise Credit (SFEC) encourages employers to undertake enterprise and workforce transformation initiatives in tandem. Eligible employers will receive a one-off $10,000 credit to cover up to 90% of out-of-pocket expenses for supportable enterprise development and workforce transformation programmes. To encourage employers to undertake workforce transformation to reskill and upskill their workers, $3,000 of the SFEC will be reserved for workforce transformation programmes. This means that employers can use up to $10,000 for workforce transformation, but can only use up to $7,000 on enterprise transformation programmes.

Who Can Apply?

The SFEC is expected to benefit more than 35,000 enterprises. Employers have four qualifying windows1 until 31 March 2021 to qualify for SFEC. At each of the qualifying windows, employers must have contributed at least $750 Skills Development Levy (SDL) in total in the preceding 12 months and have at least three Singapore Citizens/Permanent Residents employed in each of the preceding 12 months, based on latest available data2. Upon qualification, employers will be able to use the SFEC on supportable schemes wherein applications are submitted on or after 1 April 2020, with claims to be submitted by 30 June 2023. The reimbursement of the SFEC to employers will commence after 1 April 2021.

What Courses Can use SFEC?

Skills Framework-aligned courses - Click here to see the courses

How to Apply SFEC Apply?

You can apply SFEC funding on Business Grant Portal (BGP) here 

For more information, click here.