SkillsFuture Enterprise Credit (SFEC)

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.

You can refer to a simple guide here to check on your SFEC eligibility via the Business Grant Portal.

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 and more by Workforce Singapore (WSG)

The list of SFEC-supportable programmes can be found below:

Programmes	Agency
Enterprise Transformation Programmes
Enterprise Development Grant (EDG) Enterprise Leadership for Transformation Programme (ELT) Market Readiness Assistance (MRA) Grant	Enterprise Singapore
Productivity Solutions Grant (PSG)	Administered by Enterprise Singapore, Singapore Tourism Board, Building and Construction Authority, National Environment Agency, Infocomm Media Development Authority, Monetary Authority of Singapore, National Parks Board, Singapore Food Agency, Early Childhood Development Agency
Business Improvement Fund (BIF)	Singapore Tourism Board
Aviation Development Fund (ADF)	Civil Aviation Authority of Singapore
Workforce Transformation Programmes
Skills Framework-aligned courses [in support of the Industry Transformation Maps]	SkillsFuture Singapore
Career Conversion Programmes [Course fee expenses only. Comprises the Professional Conversion Programmes (PCP) and Rank and File (RnF) Programmes] Support for Job Redesign consultancy under Productivity Solutions Grant (PSG-JR) Job Redesign initiatives [e.g. i4.0 Human Capital Initiative for Manufacturing Sector, Service Industry Transformation Programme for the Services Sector] Design Thinking Business Transformation Programme Employment Support for Persons with Disabilities (PwDs) – Job Redesign Grant for Employers	Workforce Singapore
Career Conversion Programmes [Course fee expenses only. Comprises the Professional Conversion Programmes (PCP) and Rank and File (RnF) Programmes]	Employment and Employability Institute
Training Industry Professionals in Tourism (TIP-iT)	Singapore Tourism Board

To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, S$3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to S$7,000 of the credit for enterprise transformation. There is no cap on the amount that can be used for workforce transformation.

Note:

There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for.
Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit.
Employers newly qualified in 2021¹ may use their SFEC for supportable programmes applied from 1 April 2022. Employers who were previously qualified² can continue to use their SFEC for supportable programmes submitted on or after 1 April 2020.

¹ Qualifying period: 1 Jan 2021 – 31 Dec 2021
² Previous qualifying periods were:
     a. 1 April 2019 – 31 March 2020
     b. 1 July 2019 – 30 June 2020
     c. 1 October 2019 – 30 September 2020
     d. 1 January 2020 – 31 December 2020
Final claims for SFEC-supportable programmes must be submitted to the respective agencies by 30 June 2024.

Eligible employers have been qualified for SFEC over 5 qualifying periods.

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 Have not been qualified at any of the earlier periods All employers have already been qualified and notified.
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 qualification. Newly qualified employers will be notified in April 2022.

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
Have not been qualified at any of the earlier periods

All employers have already been qualified and notified.

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 qualification.

Newly qualified employers will be notified in April 2022.

Click here for frequently asked questions on SFEC.