SkillsFuture Enterprise Credit

The SkillsFuture Enterprise Credit encourages employers to invest in enterprise transformation and the capabilities of their employees.

About this programme

Invest in enterprise transformation and the capabilities of your employees.

Receive one-off credit of S$10,000
Supports up to 90% of out-of-pocket expenses
This is on top of support from existing schemes.

Eligibility

All eligible employers have been notified. There is no need to apply for SkillsFuture Enterprise Credit (SFEC).

If your company is eligible for SFEC, your registered Corppass administrator would have received an eligibility letter from EnterpriseSG via email. Employers who qualify will be able to see the S$10,000 credit when they log in to the Business Grants Portal and SkillsFuture for Business page .

Please refer to the guide on checking your SFEC eligibility via the Business Grants Portal .

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

	Qualifying Periods	Eligibility Criteria
SFEC (Budget 2020)	Qualifying Periods 1 April 2019 – 31 March 2020 1 July 2019 – 30 June 2020 1 October 2019 – 30 September 2020 1 January 2020 – 31 December 2020	Eligibility Criteria 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 or Permanent Residents* every month over the same qualifying period; and Have not been qualified at any of the earlier periods.
SFEC Expansion (Budget 2022)	Qualifying Periods 1 January 2021 – 31 December 2021	Eligibility Criteria Employers must meet the following conditions over the qualifying period: Have employed at least three Singapore Citizens or Permanent Residents* 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.

*Refers to all Singaporean or Singapore PR employees drawing a salary and with CPF contribution.

Note:

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.

How to use your credit

Identify SFEC-supported programmes that address your business needs

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:

Workforce Transformation

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

SFEC-supported programmes include:

Skills Framework-aligned courses
- Offset 90% of out-of-pocket course fees
- There is no cap on the SFEC amount that can be used for workforce transformation.

Find SFEC-supported training courses in the course directory.

To build your talent pipeline

To bring learning to your workplace

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

How to claim your credit

Submit final claims for SFEC-supported programmes

Employers are required to submit the final claims to the respective agencies for the supportable programmes that they have successfully applied for or training courses that they have completed by 30 June 2025. Employers may follow the claim processes and requirements indicated by the respective agencies for the supportable programmes. For SFEC-eligible courses, employers may be required to submit claims on SkillsFuture for Business page . Please refer to this user guide on how to do so.

Automatic disbursement of SFEC

Once the claims have been approved, the corresponding credit will be automatically disbursed via the employer’s IRAS-registered GIRO or PayNow Corporate account*. To find out more about setting up your account, please refer to our FAQs.
The credit will be disbursed directly to eligible employers on a quarterly basis. Employers will be notified via an email to their Corppass administrators when the credit has been disbursed.
SFEC disbursements are made separately from disbursements for the base SFEC-supported programme(s).

*Note: SFEC claims are disbursed to employers’ bank accounts from IRAS, with either the prefix "SFEC" (for PayNow) or "SkillsFuture Enterprise Credit" (for GIRO).

Need additional help?

How can eligible employers who would like to utilise the SFEC find out which type of SFEC-supportable programmes is suitable for them?
The list of SFEC-supportable programmes may be found in the tab above, under "How to utilise your credit"

Employers may refer to the respective programme details listed on the respective agencies' website and contact them for further assistance.

Alternatively, employers who want to find out more on the SFEC-supportable programmes that are suitable for their business needs may wish to explore their profile on the GoBusiness e-Adviser or make an appointment with a Business Advisor from the SME Centres. For more information on SME Centres, employers may refer to Enterprise Singapore’s website.
When can employers receive the SFEC disbursement?
The SFEC will be disbursed directly to eligible employers on a quarterly basis. Employers will receive an email notification to CorpPass Administrators upon successful disbursement of the credit.

SFEC disbursements are made separately from disbursements by base SFEC supportable programmes.

SFEC claims are disbursed to employers’ bank accounts from IRAS, with either the prefix "SFEC" (PayNow), or "SkillsFuture Enterprise Credit" (GIRO), after final claims of the base supportable programmes have been approved.
How should employers make a claim for SFEC?
Employers are required to submit the final claims to the respective agencies for the supportable programmes that they have successfully applied for or training courses that they have completed, by 30 June 2025. Employers may follow the claim processes and requirements indicated by the respective agencies for the supportable programmes.

For SFEC-eligible course employers may be required to submit the SFEC claims on the SkillsFuture for Business page. For further instructions on the submission of SFEC claims, please refer to user guide published on the SkillsFuture for Business page.

Upon approval of the claims for these supportable programmes, the corresponding credit will be calculated and be disbursed via employers’ GIRO account registered with IRAS, or PayNow Corporate on a quarterly basis. There is no need to make a separate claim submission for SFEC.

For technical assistance, kindly contact us through the Enterprise Infoline.

Case study

"We sent our team to various SFEC-eligible courses, which covered virtual events planning and data protection, to prepare our workforce for a post-COVID environment. This enabled us to create virtual environments that better showcase our event concepts to clients. We were also able to switch effectively to virtual platforms, which helped to advance the company’s business recovery during the COVID-19 pandemic, which severely impacted the events industry."

Choong Chyi Kei

CEO of Aux Media Group

“We adopted a digital retail management system which helped our company adapt through the pandemic, which affected customer walk-ins. Our staff also took the opportunity to embark on various SFEC-eligible courses as part of the company’s strategic shift towards a more consultative and clinical approach to eye care. This included courses in retail selling and leadership training, strengthening the resilience and skillsets of our staff, allowing us to differentiate ourselves in a competitive market.”

Ken Tong

CEO of eyesight.sg

“HSL staff embarked on various SFEC-eligible courses to adapt to the ever-changing operation needs such as communication skill courses to enhance borderless engagement with regional offices and colleagues boosting productivity.”

Norna KBD

Head, HR at HSL Constructor PTE LTD

SkillsFuture Enterprise Credit (SFEC)