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Ascendo Academy

SkillsFuture Enterprise Credit

Support Programmes

  • Enterprise Transformation – Programmes that support enterprise transformation, e.g. programmes by various agencies hosted on the Business Grant Portal (BGP); and/or
  • Workforce Transformation – Job redesign initiatives, and curated training programmes by the Skills and Workforce Development Agency (SWDA), such as training courses aligned to the Skills Framework (SFw), Professional Conversion Programmes (PCP) and sector-specific programmes [e.g. TechSkills Accelerator (TeSA)].

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)?

Important update (October 2026): the current SkillsFuture Enterprise Credit expires on 30 November 2026. Training must be completed and claims submitted by then, and any unused credit will be forfeited. A redesigned SFEC, run by the Skills and Workforce Development Agency (SWDA), is planned from 1 December 2026. See our Funding & Subsidies page for other schemes.

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.