Overview

The SkillsFuture Enterprise Credit (SFEC) is a government support scheme that gives eligible employers a one-off credit of S$10,000 to help defray up to 90% of their out-of-pocket costs for eligible enterprise transformation and workforce transformation initiatives. SFEC is designed to encourage employers — especially SMEs — to invest in both business transformation (e.g. adopting new technologies, improving processes) and the development of employees' skills. The credit is on top of existing grants, meaning you can 'stack' it with other schemes like PSG, EDG, and others. Important Update: Current SFEC credits remain usable until 30 June 2026. After that, SFEC will be redesigned into a 'digital wallet' model under the Enterprise Workforce Transformation Package (EWTP).

Support Details

Support Rate

Up to 90% of out-of-pocket costs after other grants

Cap

S$10,000 one-off credit per eligible entity

Eligibility Criteria

Budget 2020 Phase: Contributed at least S$750 in Skills Development Levy (SDL) over qualifying periods (Apr 2019-Mar 2020, Jul 2019-Jun 2020, Oct 2019-Sep 2020, or Jan 2020-Dec 2020)
Budget 2022 Phase: Employed at least 3 Singapore Citizens or PRs monthly during Jan 2021-Dec 2021 period
Employed at least 3 Singapore Citizens or Permanent Residents (on CPF) each month during qualifying periods
Not in default of SDL contributions and ACRA status active
Had not qualified under earlier phases
Note: You do not apply for SFEC - eligible companies are automatically notified via CorpPass email

Application Process

Check Eligibility: Log into Business Grants Portal / SkillsFuture for Business portal via CorpPass to see if you have SFEC credit

Select SFEC-supported programmes: Ensure the programme/course is on the SFEC-supportable list and meets base scheme eligibility (PSG, EDG, etc.)

Enroll/Submit Application: Apply to the base scheme (e.g. PSG) or enroll in training with invoice/contract in employer's name

Submit SFEC Claim: Use SkillsFuture for Business portal to fill in claim details (programme, costs, grant amounts)

Training Provider Endorsement: Training provider validates course delivery via Training Partners Gateway (TPGateway)

Agency Approval: SSG or relevant agency reviews the SFEC claim

Disbursement: Approved claims disbursed to employer's bank via PayNow (prefix 'SFEC') or GIRO ('SkillsFuture Enterprise Credit')

Processing Time

No application timeline (auto-eligibility), Claims processing: 4-6 weeks after submission, Final claim deadline: 30 June 2026

Claim Process

Claims must be submitted after training/project completion

Required documents: Invoices/receipts from vendor, bank statements showing payment proof, screenshots/reports proving solution is live, training attendance records

Claims processed through SkillsFuture for Business portal

Disbursement may occur in tranches (not necessarily full amount at once)

Final deadline: All SFEC claims must be submitted by 30 June 2026

Important Reminder

Claims must typically be submitted within 6 months of project completion.

Best Practices for a Successful Application

Plan Your Allocation: Decide how to split between enterprise transformation (max S$7,000) and workforce transformation (no cap)

Stack with Other Grants: Combine SFEC with PSG, EDG, etc. to minimize net costs

Choose High-Impact Training: Align training with strategic objectives for strong ROI

Verify Programme Eligibility: Not all programmes/courses are automatically SFEC-supported

Monitor Your Balance: Track remaining credit and usage via the portal

Submit Claims Early: Don't wait until the last moment to avoid missing cutoffs

Work with Experienced Providers: Choose training providers familiar with SFEC endorsement process

Mind Project Start Dates: Especially for transformation grants, projects may need to start after certain dates to qualify

Sample Use Cases & Scenarios

Training Example: Course fee S$1,000, SSG covers 90% (S$900), employer out-of-pocket S$100. SFEC reimburses 90% of S$100 = S$90

Transformation Example: PSG project costs S$20,000 out-of-pocket after PSG grant. SFEC can reimburse up to S$7,000 (capped for enterprise transformation)

Stacking multiple training programmes throughout the year until S$10,000 credit is fully utilized

Combining enterprise transformation (PSG/EDG) with workforce development for comprehensive business upgrade

Additional Information

What's Changing in 2026: From the second half of 2026, SFEC will be redesigned under the Enterprise Workforce Transformation Package (EWTP) with a 'digital wallet' model. Eligible companies will receive a fresh S$10,000 credit that can be used immediately (rather than via reimbursement) for workforce transformation initiatives. Key Reminders: • SFEC is per entity - if you have multiple companies, each is considered separately • You can view your SFEC balance and usage history in the SkillsFuture for Business portal • Enterprise transformation usage is capped at S$7,000 to ensure focus on workforce development • SFEC can be combined with other grants as long as each scheme's rules allow Pro Tip: SFEC significantly reduces the net cost of training and transformation. With proper planning, SMEs can achieve comprehensive business and workforce upgrading at minimal cost.