What is SkillsFuture Enterprise Credit?
SkillsFuture Enterprise Credit (SFEC) is Singapore’s one-off S$10,000 employer credit for workforce transformation and enterprise improvement, jointly administered by Enterprise Singapore and SkillsFuture Singapore. It offsets up to 90% of out-of-pocket costs for approved training programs and enterprise grants like PSG, EDG, and MRA. SFEC is one of the easiest schemes to use — eligible employers are automatically notified, and the credit applies directly when enrolling in supported programs.
As announced in Budget 2025, the current SFEC has been extended until the second half of 2026 to allow companies time to use their remaining credits and plan transformation efforts. From 2H2026, SFEC will be redesigned under the Enterprise Workforce Transformation Package (EWTP) with updated support mechanisms.
SFEC encourages employers to invest in workforce development, business capability improvement, and enterprise transformation through supported programs and courses.
May 2026 indexing note: Use this page as the canonical English SFEC reference on Grantla. It covers the credit amount, eligibility checks, expiry timing, stacking with PSG/EDG/MRA, and official SkillsFuture/GoBusiness references in one place.
SFEC Quick Answer
SFEC means SkillsFuture Enterprise Credit. It is a one-off S$10,000 credit for eligible employers to offset approved workforce training and enterprise transformation programmes. If the project is software adoption, compare PSG; if it is staff capability building, check whether SFEC can offset the training component.
How to Check SFEC Eligibility
SFEC is not a general cash grant with an open application form. Eligible employers are notified through the Corppass administrator email or the relevant SkillsFuture portal. Before choosing a course or transformation project:
- Confirm that the company has received an SFEC eligibility notification.
- Check that the selected training or enterprise programme is approved for SFEC support.
- Confirm the remaining credit and the programme-specific claim or enrolment steps.
The credit can support approved training and enterprise transformation, but it cannot be transferred or converted to cash. Use it before the current validity period ends.
Who is SFEC for?
- Employers investing in workforce training
- Companies undertaking enterprise transformation
- Businesses upskilling local employees
- SMEs building workforce capabilities
- Organizations adopting innovation and productivity initiatives
Eligibility
To be eligible for SFEC, your company must meet all of the following criteria:
- Active employer with Skills Development Levy (SDL) contributions
- Employ at least 3 local employees (Singapore Citizens or PRs)
- Meet minimum local workforce contribution criteria
- Registered and operating in Singapore
Eligible Employers
Companies that meet the criteria will receive:
- One-off S$10,000 credit
- Automatic notification of eligibility
- Credit validity period (typically 3 years from issuance)
- Ability to offset up to 90% of supported program costs
Not Eligible
The following do not qualify:
- Employers with fewer than 3 local employees
- Companies without active SDL contributions
- Government agencies and statutory boards
- Organizations not meeting local workforce criteria
How to Use SFEC
1. Supported Programs and Initiatives
SFEC supports both workforce and business transformation:
Workforce Transformation (No Cap)
- SkillsFuture courses aligned to Skills Framework
- Career Conversion Programmes
- Job Redesign Initiatives
- Employment support for persons with disabilities
- NACE workplace learning programmes and certifications
- Singapore Global Executive Programme
- Service and Jobs Transformation Leadership Programme
Enterprise Transformation (Up to S$7,000)
- Productivity Solutions Grant (PSG) - productivity improvements
- Enterprise Development Grant (EDG) - capability building
- Market Readiness Assistance (MRA) - overseas expansion
- Enterprise Leadership for Transformation Programme
- Scale-Up programme
- Aviation Development Fund (ADF)
- Business Improvement Fund (BIF)
What SFEC Covers vs Does NOT Cover
| Covered | Not Covered |
|---|---|
| SkillsFuture-aligned training courses | Non-approved or non-SkillsFuture courses |
| Career Conversion Programmes | General staff welfare or team-building activities |
| PSG, EDG, MRA enterprise transformation costs (up to S$7,000) | Operating expenses unrelated to training/transformation |
| Job redesign and workplace learning | Hardware or equipment purchases (unless part of PSG) |
| Employment support for persons with disabilities | Costs already fully covered by other subsidies |
| NACE certifications and programs | Cash conversion — credit cannot be encashed |
2. Credit Usage
SFEC offsets up to 90% of out-of-pocket costs with important allocation rules:
Workforce Transformation: No cap on SFEC usage
- Covers up to 90% of workforce training and development costs
- Skills Framework-aligned courses
- Career conversion and capability development programs
Enterprise Transformation: Up to S$7,000 of credit (cap applies)
- PSG, EDG, MRA, and other enterprise improvement programs
- Limited to encourage both workforce and business transformation
Important Notes:
- Total credit: S$10,000
- Cannot be transferred or converted to cash
- Must be used within validity period (extended until 2H2026)
- Expires when new SFEC is ready in 2H2026
Credit Calculation Example
Here is a worked example showing how SFEC offsets costs across both workforce and enterprise transformation:
| Program | Total Cost | Other Subsidies | Out-of-Pocket | SFEC Offset (90%) | You Pay |
|---|---|---|---|---|---|
| SkillsFuture course (2 staff) | S$3,000 | S$1,500 (SSG subsidy) | S$1,500 | S$1,350 | S$150 |
| PSG accounting software | S$8,000 | S$4,000 (PSG 50%) | S$4,000 | S$3,600 | S$400 |
| Total | S$11,000 | S$5,500 | S$5,500 | S$4,950 | S$550 |
In this example, the employer’s total program costs are S$11,000. After existing subsidies, the out-of-pocket cost is S$5,500. SFEC offsets 90% of that = S$4,950. The employer pays only S$550 out of pocket. Note: the enterprise transformation portion (PSG) is subject to the S$7,000 enterprise cap.
Key point: SFEC stacks on top of existing subsidies — it offsets your remaining co-pay, not the full program cost.
3. Application Process
Using your SFEC:
- Identify eligible training or transformation programs
- Register for the program
- Apply SFEC during program registration
- Credit automatically offsets qualifying costs
- Pay remaining out-of-pocket expenses
Important Limitations
- One-off credit of S$10,000 per employer
- Must be used within validity period
- Only for approved programs and initiatives
- Cannot be converted to cash or transferred
- Expires if not utilized within validity period
- Subject to program-specific terms and conditions
Application Timeline (Realistic)
| Stage | Duration | What Happens |
|---|---|---|
| Check eligibility | Immediate | Log in to SkillsFuture portal or check Corppass administrator email for eligibility notification |
| Select program | 1–2 weeks | Identify SFEC-supported training courses or enterprise programs (PSG, EDG, MRA) |
| Enroll and apply | 1–2 weeks | Register for program and indicate SFEC usage during enrollment or grant application |
| Program delivery | Varies | Complete the training course or enterprise transformation project |
| Credit offset | Automatic | SFEC credit automatically offsets qualifying out-of-pocket costs upon claim approval |
Tip: Unlike most grants, SFEC does not require a separate application — the credit is applied when you enroll in a supported program or submit a claim for supported enterprise grants.
Common Pitfalls to Avoid
- Missing validity deadline: Use your credit before it expires (typically 3 years)
- Non-eligible programs: Ensure training/programs are SFEC-approved
- Not checking eligibility: Verify program eligibility before enrollment
- Insufficient planning: Plan workforce development strategically to maximize credit value
- Forgetting to apply: Remember to indicate SFEC usage during program registration
Frequently Asked Questions
How do I know if I’m eligible for SFEC?
Eligible employers are automatically notified by Enterprise Singapore or SkillsFuture Singapore. Check your business email or contact Enterprise Singapore to confirm.
How much is the SFEC worth?
SFEC provides a one-off S$10,000 credit per eligible employer.
What can I use SFEC for?
SFEC can be used for approved workforce training programs, enterprise transformation initiatives, and consultancy services that enhance business capabilities.
Can I combine SFEC with other grants?
Yes, SFEC can often be stacked with other training subsidies and grants, potentially covering up to 90% of program costs.
What happens if I don’t use the credit?
If not used within the validity period (typically 3 years from issuance), the credit will expire and cannot be recovered.
Can I transfer my SFEC to another company?
No. SFEC is non-transferable and can only be used by the eligible employer.
How do I check my SFEC balance?
Check your SFEC balance through the SkillsFuture Singapore portal or contact Enterprise Singapore for assistance.
When should I NOT use SFEC?
SFEC may not be worth using if:
- The training program is already 100% subsidized by other schemes
- Your credit expires soon and you cannot complete the program in time
- You want to use the credit for non-approved programs or general business expenses
- Your enterprise transformation cost is very small (the administrative effort may outweigh the benefit)
Can I use SFEC for PSG or EDG?
Yes. SFEC can offset up to 90% of your out-of-pocket co-pay for PSG, EDG, and MRA projects, subject to the S$7,000 enterprise transformation cap. This means if you apply for PSG (50% grant) and pay 50% yourself, SFEC can offset up to 90% of that 50% co-pay.
What happens to unused SFEC after the redesign?
The current SFEC has been extended until 2H2026. After that, it will be redesigned under the Enterprise Workforce Transformation Package (EWTP). Unused credits from the current SFEC will expire — they will not carry over to EWTP. Use your credits before the transition.
Related Schemes
Looking for similar funding options? These schemes complement this grant or offer alternative pathways:
- Productivity Solutions Grant
- Enterprise Development Grant
- Progressive Wage Credit Scheme - For wage support
- Enterprise Innovation Scheme - For capability development
Related Guides
- Hiring and Training Grants Guide - Workforce development funding options
- First-Time Application Checklist - Complete guide for your first grant application
- Grant Pitfalls Guide - Common mistakes to avoid
-
Singapore Grants Glossary — key terms and definitions
-
Corppass Setup Guide — how to set up BGP access
References
Official Resources
- SkillsFuture Enterprise Credit - GoBusiness - Official credit information
- Enterprise Workforce Transformation Package (EWTP) - WSG - New SFEC from 2H2026
- SkillsFuture Singapore - Training programs and initiatives
- MySkillsFuture - Browse eligible courses
- Corppass Portal - Submit SFEC claims and check balance
- Business Grants Portal - Government grants information