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Only up to S$7,000 of the credit can be used for enterprise transformation, to encourage employers to embark on both enterprise and workforce transformation programmes. SFEC-supported programmes include: Productivity Solutions Grant (PSG) Enterprise Development Grant (EDG) Market Readiness Assistance (MRA) Grant.
Eligible employers can receive a one-off $10,000 SkillsFuture Enterprise Credit (SFEC) to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
The SkillsFuture Enterprise Credit (SFEC) is a one-off, $10,000 credit. It can be used to offset 90% of out-of-pocket costs for supported programmes and courses. The expiry date for SFEC has been extended by one year to 30 June 2025, as announced at Budget 2024.
What is SkillsFuture Enterprise Credit (SFEC)? SFEC aims to encourage employers to undertake enterprise and workforce transformation initiatives. It provides additional support, over and above the existing schemes, to eligible employers for their enterprise and workforce transformation efforts.
The SkillsFuture Enterprise Credit (SFEC) aims to encourage employers to invest in enterprise and workforce transformation . Eligible employers will receive additional support for your enterprise and workforce transformation efforts, in addition of the existing schemes. Enterprise Transformation.
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
Claim SkillsFuture Enterprise Credit (SFEC) Check your SFEC balance or submit a SFEC claim to utilise your $10,000 credit when embarking on business and workforce transformation (i.e. training). Enterprise Course Funding Calculator
