Check your SkillsFuture Enterprise Credit (SFEC) eligibility in under 2 minutes. Unlike other schemes, you don’t apply for SFEC—you’re automatically qualified if you meet the criteria.
What is SFEC?
SFEC is a one-time S$10,000 credit that offsets up to 90% of out-of-pocket expenses for enterprise transformation and workforce development. It stacks ON TOP of existing grants.
No Application Needed
Key fact: You don’t apply for SFEC. If you qualify, you’re automatically notified via:
- Email to your Corppass administrator
- Visible credit when logging into Business Grants Portal
- Visible on SkillsFuture for Business page
Eligibility Checklist
Qualifying Criteria (Check One Period)
Period 1 (Budget 2020)
- Contributed at least S$750 Skills Development Levy (SDL) during qualifying periodNot completed
- Employed at least 3 Singapore Citizens/PRs every month during qualifying periodNot completed
- Not previously qualified for [SFEC](/grants/skillsfuture-enterprise-credit/)Not completed
Period 2 (Budget 2022 Expansion)
- Employed at least 3 Singapore Citizens/PRs every month during qualifying periodNot completed
- Not previously qualified for [SFEC](/grants/skillsfuture-enterprise-credit/)Not completed
- Not in SDL default during qualifying periodNot completed
- ACRA status active during qualification processNot completed
How SFEC Works
Credit Breakdown
| Category | Cap | Covers |
|---|---|---|
| Enterprise Transformation | S$7,000 | PSG, EDG, MRA, ELT, others |
| Workforce Transformation | S$3,000+ (no cap) | Training courses |
| Total Credit | S$10,000 | Combined |
Support Level
- Covers up to 90% of out-of-pocket expenses
- This is on top of existing grant support
Example: PSG + SFEC
| Cost | Without SFEC | With SFEC |
|---|---|---|
| Solution cost | S$10,000 | S$10,000 |
| PSG support (50%) | -S$5,000 | -S$5,000 |
| Out-of-pocket | S$5,000 | S$5,000 |
| SFEC (90% of out-of-pocket) | — | -S$4,500 |
| Final cost | S$5,000 | S$500 |
Supported Programs
Enterprise Transformation (up to S$7,000)
- Productivity Solutions Grant (PSG)
- Enterprise Development Grant (EDG)
- Market Readiness Assistance (MRA) Grant
- Enterprise Leadership for Transformation Programme (ELT)
- Aviation Development Fund (ADF)
- Business Improvement Fund (BIF)
Workforce Transformation (no cap)
- Skills Framework-aligned courses
- Career Conversion Programmes
- Employment Support for Persons with Disabilities
- Job Redesign Initiatives
- Singapore Global Executive Programme
- NACE Training Programmes
- National Workplace Learning Certifications
How to Use Your Credit
Step 1: Check Your Balance
Log into Business Grants Portal or SkillsFuture for Business to see your available credit.
Step 2: Apply for Supported Programs
Apply for grants (PSG, EDG, MRA) or enroll staff in eligible training courses.
Step 3: Complete and Claim
After completing the program or training, submit your claims as normal.
Step 4: Automatic Disbursement
SFEC is automatically calculated and disbursed quarterly via:
- PayNow Corporate (prefix “SFEC”)
- GIRO registered with IRAS (prefix “SkillsFuture Enterprise Credit”)
Important Deadlines
- Claims deadline: Second half of 2026
- Apply for programs and complete training before this deadline
SFEC Stacking Strategy
Maximize Your S$10,000
- Use S$7,000 for enterprise transformation (PSG/EDG/MRA)
- Use remaining S$3,000+ for training (no cap for workforce)
Best Combinations
| Your Goal | Primary Grant | SFEC Portion |
|---|---|---|
| Adopt IT solutions | PSG | Enterprise (S$7,000) |
| Transform business | EDG | Enterprise (S$7,000) |
| Expand overseas | MRA | Enterprise (S$7,000) |
| Upskill staff | Training courses | Workforce (unlimited) |
Common Questions
I didn’t receive a notification. Does that mean I’m not eligible?
Check directly on BGP or SkillsFuture for Business. Notifications may have gone to spam.
Can I use SFEC for multiple grants?
Yes, until your credit is exhausted.
What if I’ve already used some SFEC?
Check your remaining balance on the portal.
Do I need to set up anything for disbursement?
Yes—ensure you have PayNow Corporate or GIRO registered with IRAS.
Related Guides
-
Grant Pitfalls Guide — common mistakes to avoid
-
Singapore Grants Glossary — key terms and definitions
-
Corppass Setup Guide — how to set up BGP access
Need help with your application?
Check if you're eligible and get your document checklist in 30 minutes.
Check Eligibility