Ascendo Academy

Grants

SkillsFuture Enterprise Credit

(SFEC)

SkillsFuture Enterprise Credit

S$10,000 SkillsFuture Enterprise Credit (SFEC) Grant

 

Support Programmes

To encourage employers to train and upskill their workers, $3,000 of the credit will be ring-fenced for Workforce Transformation. The remaining $7,000 can be used for both Workforce Transformation and Enterprise Transformation.

The supportable programmes will be updated from time to time.
To find out more about SFEC, visit www.skillsfuture.sg/sfec

What is the SkillsFuture Enterprise Credit (SFEC)?

Upgrade

To encourage enterprises to develop the skills of employees, the government announce a few measures in Budget 2020. One of them is the Skillsfuture for Enterprises (SFE) programme, also known as SFE grant to the business community.

Innovate

The new SkillsFuture Enterprise Credit or SFEC grant is to help enterprises defray 90% of out-of-pocket costs for supportable Enterprise Transformation and Workforce Transformation programmes.

Grow & transform

At $10,000 per enterprise, the SkillsFuture Enterprise Credit scheme will benefit over 35,000 enterprises, mostly small and medium-sized enterprises (SMEs).

FAQ

Most frequent questions and answers
  • Employers which meet the following conditions will qualify for the SFEC grant:
  • Have contributed at least $750 Skills Development Levy over a qualifying period;
  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period; and
  • Have not been qualified at any of the earlier periods.

No, there will not be a top-up for employers that have previously qualified for
SFEC.

SFEC supports employers’ investment in their workforce. Thus, employers can decide whether to use SFEC to support the training of their local and/or foreign employees.

Phone Number

+65 6610 3737 / 6610 8223 / 6398 0067

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Email Address

info@ascendo.edu.sg

Head Office

Grants

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