SkillsFuture Enterprise Credit (SFEC)
The SkillsFuture Enterprise Credit (SFEC) aims to encourage employers to undertake enterprise and workforce transformation initiatives. It provides additional support, over and above existing schemes, to eligible employers for their enterprise and workforce transformation efforts. Eligible employers receive a one-off credit of S$10,000 per entity to cover up to 90% of out-of-pocket expenses on qualifying costs. The SFEC was originally announced in Budget 2020 and expanded in Budget 2022. As announced in Budget 2025, the current SFEC has been further extended until the redesigned SFEC is ready in the second half of 2026. From H2 2026, the SFEC will be redesigned under the new Enterprise Workforce Transformation Package (EWTP), with all qualifying companies receiving a fresh $10,000 credit.
Eligibility Criteria
- 01
Have contributed at least S$750 Skills Development Levy (SDL) over qualifying period (Budget 2020 qualifiers)
- 02
Have employed at least 3 Singapore Citizens or Permanent Residents every month over qualifying period with CPF contribution
- 03
Have not been qualified at any earlier periods
- 04
Not in default of SDL contributions (Budget 2022 expansion)
- 05
Do not have inactive ACRA status during qualification process
Frequently Asked Questions
All eligible employers have been notified by Enterprise Singapore via email to registered Corppass Administrators. You can also check by logging in to the Business Grants Portal.
No. Qualification is automatic. Your credit will be automatically used on supportable programmes you apply for.
To encourage employers to embark on both Enterprise and Workforce Transformation in tandem, $3,000 is ring-fenced for Workforce Transformation programmes only.
No. There is no top-up for employers that were previously qualified for SFEC.
No. Once qualified, you are eligible for the duration of the programme. No further eligibility checks are conducted.
No. GST is not supportable under SFEC.
The redesigned SFEC under the Enterprise Workforce Transformation Package (EWTP) is expected to launch in the second half of 2026. All qualifying companies will get a fresh $10,000 credit.
SFEC is disbursed quarterly to employers' IRAS-registered GIRO or PayNow Corporate accounts, separately from base programme disbursements.