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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.
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) 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.
Check your eligibility for course fee subsidies and other training grants, to keep upskilling investments affordable.
An easy-to-understand breakdown of all SkillsFuture training subsidies for businesses. Check your eligibility and see how the subsidies are applied to defray your training costs.
Your company is eligible for 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.
Apr 1, 2019 · Eligible employers* can tap on the one-off $10,000 credit to cover up to 90% of out-of-pocket expenses for training courses that are aligned to the Skills Framework and funded by SkillsFuture Singapore (SSG). Note: Out-of-pocket course fee without GST.
What is SkillsFuture Enterprise Credit (SFEC)? • SFEC aims to encourage employers to undertake enterprise and workforce transformation initiatives. Eligible employers will receive additional support for their enterprise and workforce transformation efforts, over and above the support levels of existing schemes.
What is the SkillsFuture Enterprise Credit (SFEC)? The SFEC aims to encourage employers to invest in enterprise and workforce transformation. Eligible employers will receive additional support for your transformation efforts, in addition of the existing funding schemes.
May 17, 2022 · Are you wondering how to claim the $10k credit under the SFEC expansion? This guide will provide an overview of the SFEC scheme, including eligibility requirements, supported programmes, and how to apply!
