SkillsFuture Enterprise Credit (SFEC)

SkillsFuture Enterprise Credit (SFEC)

Overview

The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.

 

What does the SFEC support?

Enterprise Transformation: Schemes by various agencies hosted on the Business Grant Portal (BGP)

Workforce Transformation: Training courses aligned to the various Industry Skills Frameworks by SkillsFuture Singapore (SSG), Job redesign initiatives, Career Conversion Programmes, etc by Workforce Singapore (WSG)

 

Enterprise Transformation

Only up to S$7,000 of the credit can be used for enterprise transformation, to encourage employers to embark on both enterprise and workforce transformation programmes.

 

SFEC-supported programmes include:


Productivity Solutions Grant (PSG)

Enterprise Development Grant (EDG)

Market Readiness Assistance (MRA) Grant

Enterprise Leadership for Transformation Programme (ELT)

Scale-Up

Aviation Development Fund (ADF)

Business Improvement Fund (BIF)

 

Workforce Transformation

There is no cap on the SFEC amount that can be used for workforce transformation.

SFEC-supported programmes include:

 

Singapore Global Executive Programme

Skills Framework-aligned courses

National Centre of Excellence for Workplace Learning (NACE) Training Programmes

National Centre of Excellence for Workplace Learning (NACE) Consultancy Services

Career Conversion Programmes

Job Redesign initiatives

Employment Support for Persons with Disabilities (PwDs) – Job Redesign Grant for Employers

Training Industry Professionals in Tourism (TIP-iT)

 

Note: Employers will have to meet the eligibility criteria of the individual programmes before they can draw down the credit.

Note:

a. 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.

b. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. The SFEC credit will be automatically deducted for SFEC-supportable schemes or training courses.

c. Employers qualified under SFEC (Budget 2020) can only use their SFEC on supportable schemes applied from 1 April 2020 or training courses that commenced from 1 April 2020.

Employers qualified under SFEC Expansion (Budget 2022) can only use their SFEC on supportable schemes applied from 1 April 2022 or training courses that commenced from 1 April 2022.

d. Employers who have sent foreign employees (excluding Long-Term Visit Pass holders) for training will have to submit the SFEC claims after course completion via the SkillsFuture Singapores's SFEC microsite. If the employees are Singaporean/Permanent Resident employees (including Long-Term Visit Pass holders), please check with the Training Providers on whether there is a need to submit the SFEC claims via the microsite.

e. Final claims for SFEC-supportable programmes must be submitted to the respective agencies by 30 June 2025. Claims can only be submitted for training which has been completed.

Eligibility

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 PeriodsEligibility 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
  • Have not been qualified at any of the earlier periods.
  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.

 

FAQ & Claim Guide

Click here for a simple 2-step guide to check on your SFEC eligibility via the Business Grant Portal .

Click here for SFEC Frequently Asked Questions (FAQ)

Click here for SFEC User Claim Guide

For more enterprise programmes and initiatives, visit Enterprise Portal for Jobs & Skills

   
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