SkillsFuture Enterprise Credit (SFEC): Complete Guide for SMEs in Singapore

Introduction

Building a future-ready workforce and upgrading business capabilities are crucial for SMEs in today’s economy. To support this, the Singapore government offers the SkillsFuture Enterprise Credit (SFEC) — a one-off credit to encourage employers to invest in both enterprise transformation and employee training.

Eligible companies receive up to S$10,000 in additional funding, on top of existing government support schemes. This guide will walk you through the purpose, benefits, eligibility, and how to utilise SFEC effectively.

What is the SkillsFuture Enterprise Credit (SFEC)?

The SFEC is a one-time S$10,000 credit provided by the Singapore government to eligible employers. It aims to defray out-of-pocket expenses when businesses engage in enterprise and workforce development programmes.

• Funding Coverage: Up to 90% of qualifying costs (after other grant support).

• Administered by: Enterprise Singapore and SkillsFuture Singapore (SSG)

Official Info Page: SkillsFuture Enterprise Credit – SSG

What Does SFEC Cover?

The SFEC supports a wide range of approved schemes under two broad categories:

Enterprise Transformation

• Enterprise Development Grant (EDG)

• Productivity Solutions Grant (PSG)

• Market Readiness Assistance (MRA) Grant

• Job Redesign under WorkPro

  
  

Workforce Transformation

• Training programmes supported by SkillsFuture Singapore (SSG)

• Career Conversion Programmes (CCPs)

• Training courses under the Skills Framework

A full list of SFEC-supportable programmes is available here: SFEC Supportable Programmes List (PDF)

Key Benefits of SFEC

Benefit Area	Details
Financial Relief	Offsets up to 90% of residual costs after other grant support
Flexible Usage	Can be applied to over 100 government-approved programmes
No Application Required	Eligible employers are automatically notified
Supports Dual Objectives	Encourages both business transformation and staff capability building

SFEC Eligibility Criteria

To qualify, a business must:

• Be registered and operating in Singapore

• Have at least 3 local employees (Singaporeans or PRs) on CPF payroll for 3 out of the last 12 months

• Have made at least S$750 in Skills Development Levy (SDL) contributions in the qualifying period

• Not be blacklisted by any government agency

Note: There is no need to apply. Eligible companies are notified automatically via email or Singpass inbox.

Step-by-Step Guide: How to Use SFEC

Step 1: Log in to Your SFEC Account

Visit the SFEC Self-Help Portal Use Singpass (Business) to check your SFEC balance and usage history.

Step 2: Choose an Approved Programme

Decide whether to use SFEC for:

• Enterprise grants like EDG, PSG, MRA, or

• Training programmes under SSG or CCP

Tip: Use SFEC for programmes that require co-payment after other grants.

Step 3: Apply for the Primary Grant or Programme

For example:

• Submit your EDG application via Business Grants Portal

• Enrol your employees in training courses via SkillsFuture Training Navigator

There is no separate SFEC application form.

Step 4: SFEC is Auto-Applied

Once your primary grant application is approved:

• SFEC will automatically be applied to your out-of-pocket costs

• No duplicate claims or submissions required

You will see the net payable amount after SFEC deduction in your claim summary.

Example Use Cases

Scenario	SFEC Offset Amount
EDG project costs S$40,000; EDG covers 50%	SFEC can offset up to 90% of the remaining S$20,000
Enrolling 5 staff in a digital marketing course	SFEC can co-fund 90% of training fees after SSG support

How ProLead Can Help

While ProLead does not provide training or grant processing, we assist businesses in:

• Identifying which government schemes qualify for SFEC use

• Matching with approved training providers and consultants

• Explaining the process flow to maximise your S$10,000 credit

We help you make the most of your available funding options, without missing hidden opportunities.

Conclusion

The SkillsFuture Enterprise Credit (SFEC) is a strategic government initiative that encourages businesses to simultaneously transform and upskill. With S$10,000 of additional support, it rewards companies that invest in both their operations and their people.

Already registered and unsure how to activate your SFEC credit? Let ProLead help you get connected to the right service providers and training partners. Contact us for a personalised walkthrough.