SkillsFuture Enterprise Credit (SFEC): Complete Guide for Singapore Employers

SkillsFuture Enterprise Credit (SFEC): Complete Guide for Singapore Employers

Last Updated: March 24, 2026

If you’re a Singaporean company, you have a commitment to providing the Singaporean workforce with the training and skills they need to improve their lives. This is your social responsibility to the Singaporean community. Luckily, the Ministry of Education helps you achieve this through the SFEC.

The SkillsFuture Enterprise Credit (SFEC) provides eligible employers with a one-off $10,000 credit to offset up to 90% of out-of-pocket costs for workforce and enterprise transformation programmes.

This scheme is designed to encourage you to transform your business and upskill your workforce.

However, the current SFEC scheme will continue to operate only until November 2026. After that, the $10,000 credit you’re eligible for will expire, so it’s best to use this credit before the current SFEC scheme is redesigned. Keep this in mind when planning your business year.

At Lifelong Learning Singapore (LLSG), we provide guidance to help you navigate these national schemes effectively. This guide explains how to maximise your credit—ideally before November 2026.

What is the SkillsFuture Enterprise Credit (SFEC)?

The SFEC is a government grant designed to encourage and incentivise two things: improving business processes and upskilling the workforce.

This results in a more productive Singaporean economy and a sharpened pool of Singaporean talent. And you will help implement that goal.

Through the SFEC, you will receive a one-off $10,000 credit that can be used to cover up to 90% of out-of-pocket costs on qualifying initiatives.

The credit is split into two distinct categories:

1. Enterprise Transformation (capped at $7,000): This covers initiatives hosted on the Business Grants Portal (BGP), such as technology adoption and consultancy.

2. Workforce Transformation (up to the full $10,000): This covers training courses designed to upskill your workforce for their career and personal growth.

The government has ring-fenced $3,000 of the credit specifically for workforce transformation so that people development remains a priority.

This means if you spend $7,000 on enterprise software, the remaining $3,000 must be used for employee training.

However, you are free to use the entire $10,000 solely for employee training if you wish.

Key Updates to the Existing SFEC Scheme

Once the existing SFEC ends in November 2026, a new, redesigned one will take its place. Here is what employers need to know about the redesigned SFEC:

• Digital Wallet Format: The current SFEC scheme uses a reimbursement model. The new version will function like a digital wallet, so you can offset expenses immediately after transaction. This ensures better cash flow for your organisation, making you more agile and amenable to various areas of development.

• Expiration of Unused Credit: Any unused balance from your current $10,000 credit will expire in November 2026. Credits will not roll over to the new scheme. So it’s vital to plan your credit utilisation so it’s used up before November 2026.

• Fresh Funding: The redesign will provide you with a fresh $10,000 credit through an online wallet.

• Simplified Application Channel: Workforce Singapore (WSG) and SkillsFuture Singapore (SSG) will merge into a new statutory board. Previously, SSG focused on lifelong learning and training credits, while WSG focused on job matching and career coaching. Unifying these into a single platform provides you and your employees with a single portal for accessing grants and training subsidies.

SFEC Eligibility: Who Qualifies?

A company doesn’t have to apply for SFEC eligibility; you will simply be notified regarding your eligibility through your Corppass administrator.

Your eligibility will be assessed by Enterprise Singapore (EnterpriseSG) and SkillsFuture Singapore (SSG). Once the new SFEC scheme is in effect, the new merged board of WSG and SSG will take over this function.

Companies qualify based on two main phases:

If you are a new startup in the last year or two, you might not qualify for the current credit. But you can look forward to the redesigned SFEC in November 2026.

Just as Budget 2022 removed the SDL requirement introduced in Budget 2020, you can expect the revised SFEC to have more accessible qualifications come November.

If you had qualified for any of the previous SFECs, however, it’s best to spend the remaining balance by November 2026. Because once November 2026 comes around, you’ll get a fresh $10,000, and the remaining balance from the previous SFEC will be forfeited.

How to Check Your SFEC Balance

You can verify your available SFEC credit balance through the following steps:

1. Log in to the Business Grants Portal (BGP) or the SkillsFuture for Business page using your Corppass.

2. Corppass Check: Ensure the "EPJS_User" role is assigned to your account. You wouldn’t be able to check the SFEC balance or claims if you aren't assigned that role.

3. The Blue Banner: Upon logging in, look for a blue banner indicating your $10,000 credit.

4. View Usage: Click the banner to see your remaining balance and a history of previous reimbursements.

Under the new rules, you can qualify for SFEC if you have at least three local employees at the time of issuance. You will automatically receive a fresh $10,000 credit to your digital wallet once the new SFEC scheme is in effect.

If you haven’t qualified for the current SFEC scheme, now is the best time to plan your 2026 workforce roadmap so you are ready to utilise these funds the moment they arrive in November 2026.

What Can SFEC Be Used For?

The SkillsFuture Enterprise Credit (SFEC) is a versatile grant that allows Singapore employers to defray costs across two primary pillars of business growth.

To ensure companies maintain a balanced approach to development, the $10,000 credit is structured into two distinct categories:

Enterprise Transformation (Up to $7,000)

This category focuses on institutional and operational upgrades. You can use your credit to offset up to 90% of out-of-pocket expenses for enterprise transformation programmes hosted on the Business Grants Portal (BGP).

Key supportable schemes include:

• Productivity Solutions Grant (PSG): For adopting pre-approved digital solutions and equipment.

• Enterprise Development Grant (EDG): For deeper core capabilities, innovation, and internationalisation projects.

• Market Readiness Assistance (MRA): To help your business expand into overseas markets.

Workforce Transformation (Up to Full $10,000)

There is no separate cap for this category, meaning the full $10,000 can be dedicated to upskilling your team.

Eligible workforce transformation programmes include:

• SFEC Training Courses: Thousands of courses aligned to the Skills Framework and funded by SSG. Examples include high-demand areas like digital skills (Generative AI, Data Analytics), leadership and management, healthcare and hospitality, and customer service excellence.

• Career Conversion Programmes (CCP): Helping you reskill mid-career hires or existing employees for new roles. There are CCPs available across a wide range of sectors, including precision engineering, healthcare, aerospace, and sustainability.

• Job Redesign Initiatives: Working with consultants to make job roles more productive and rewarding.

• Sector Specific Programmes: This includes initiatives from programmes such as TechSkills Accelerator (TeSA)

While base subsidies, such as the SkillsFuture Mid-Career Training Allowance, are meant for Singapore-citizen staff, employers can utilise SFEC to offset training costs for both local AND foreign employees.

Note that while claims for Singaporeans are often automated, claims for foreign employee training must be submitted manually via the SkillsFuture for Business portal.

Note: The list of SFEC supportable programmes is updated periodically to reflect evolving economic needs. For the most current list of eligible courses and grants, refer to the SkillsFuture for Business course directory for SFEC-eligible programmes.

How to Claim Your SFEC

The SFEC claim process is designed to be as automated as possible, but it operates on a reimbursement basis.

This means you must first pay the out-of-pocket costs before seeking reimbursement of the 90% credit from the government.

We advise employers to keep transaction records to ensure a smooth disbursement.

Follow this step-by-step guide on how to claim SFEC for your business:

Step 1: Select an SFEC-supportable programme or training course

Identify the specific needs of your business, whether it is upgrading software through the Productivity Solutions Grant (PSG) or upskilling staff through SFEC training courses.

Go through the GoBusiness Course Directory and look through the available courses.

You can verify that a course is eligible for SFEC if you see the “SkillsFuture Enterprise Credit (SFEC)” tag. You’ll also see how much the course will cost after subsidies and SFEC.

Step 2: Apply for the base scheme or enrol in a training course

For enterprise grants, you must first apply and receive approval for the base scheme (e.g., an approved PSG application) via the Business Grants Portal.

For workforce transformation programmes, simply enrol your employees with an SSG-funded training provider. You can refer to Step 1 on how to look for SFEC-supportable programmes and courses.

Step 3: Complete the programme/training and make payment

The employee must complete the training (meeting attendance requirements), or the enterprise project must be finished.

Your company must then make payment in full to the vendor or training provider. Keep your official invoices and bank transfer slips as proof.

Step 4: Submit SFEC claim via SkillsFuture for Business portal

Log in to the SkillsFuture for Business portal using your Corppass.

If you are not a Corppass administrator, you won’t be able to access or submit SFEC claims. To be able to submit an SFEC claim, the Corppass administrator must take the following steps:

• In the Corppass portal, go to Digital Services, then select SSG-WSG E-Services

• Assign “EPJS Enterprise User” to the required user within the organisation (in this case, you).

You’ll then be able to submit SFEC claims.

Click Submit SFEC Claim.

Once you’ve logged in to the SFEC system, click on the SFEC Training Claims tab.

Click on Submit Claims.

You’ll then be taken to a form. Make sure to fill out this form. It will ask for course information, trainee information, and check declarations.

Click Submit when you’re done.

Step 5: Training provider endorses claim via TPGateway

Once you submit the claim for a training course, the training provider is notified.

They must verify and endorse the claim via TPGateway to confirm that training was completed and that the company paid the initial training fees.

Step 6: SSG/EnterpriseSG reviews and processes the claim

SSG will review the workplace grant submission. If it’s an enterprise grant submission, then Enterprise SG will review it.

They may conduct audits to ensure the training or project aligns with the claimed amounts and that all SFEC reimbursement criteria are met.

Step 7: Upon approval, credit is disbursed via IRAS-registered GIRO or PayNow Corporate

Once approved, the credit is disbursed directly to your company’s registered bank account.

To avoid delays, ensure your company has a valid GIRO arrangement with IRAS or is registered for PayNow Corporate.

Important Notes for Employers

To ensure your SFEC reimbursement is successful, keep the following rules in mind:

• 150-Day Rule: Be sure to submit claims for training courses within 150 calendar days from the course end date. Late submissions are generally not entertained.

• Final Deadline: The current scheme will expire in November 2026, and any unused credits will be forfeited. All projects and training must be completed and claimed before the transition to the redesigned scheme.

• Required Documentation: Always retain copies of invoices, proof of payment (e.g., bank statements or receipts), and attendance records for every staff member trained.

• Not an Upfront Deduction: Remember that SFEC is a reimbursement. You cannot deduct the 90% at the point of purchase; you must pay the net fee first and claim it back later. This will change in the new SFEC scheme, however, where you’ll be reimbursed immediately upon transaction through a digital wallet.

SFEC and LLSG Training Programmes

Navigating the SkillsFuture Enterprise Credit (SFEC) and identifying which workforce transformation programmes will be the most beneficial for your company can be overwhelming.

At LLSG, we serve as your practical partner in innovation, employee upskilling, and institutional growth. We help you:

• Audit Your Credit: Verify your current SFEC balance and ensure your Corppass roles are correctly configured.

• Curate Training Roadmaps: Access a vast network of SSG-funded courses—ranging from digital transformation to leadership—that are fully eligible for the 90% SFEC reimbursement.

• Optimise Grant Stacking: Learn how to strategically combine SFEC with the Productivity Solutions Grant (PSG) or Career Conversion Programmes (CCP) to reduce your net cash outlay to the absolute minimum.

By aligning your business goals with the right training interventions, we help you utilise your $10,000 credit before the November 2026 redesign.

Don't let your training credits expire—transform them into a competitive advantage for your workforce.

Ready to maximise your enterprise credits? Contact us today to discuss your company’s training needs.

Frequently Asked Questions About SFEC

Do I need to apply for SFEC?

No, there is no formal application process to receive the credit itself. Eligibility is determined automatically by the WSSG—the new board resulting from the SSG and WSG merger. If your business met the Skills Development Levy (SDL) contributions for Budget 2020, or maintained a minimum of three local employees (Singapore Citizens or Permanent Residents) during the specified qualifying windows for Budget 2022, the $10,000 credit is pre-loaded into your account. Your eligibility will be notified through your Corppass administrator’s email.

Can SFEC be used for foreign employee training?

Yes. While primary government subsidies—such as the Mid-Career Enhanced Subsidy—are reserved for Singaporeans, the SFEC can be utilised to offset the out-of-pocket costs for training your foreign staff. However, you’ll have to process the claims for training foreign employees manually through the SkillsFuture Business Portal, unlike Permanent Residents and Singapore Citizens, whose training costs will be automatically subsidised.

What happens to unused SFEC credit?

As the government prepares for a revamped model in November 2026, all unused credits will expire. They do not roll over into the redesigned scheme. Any remaining balance you currently see in your portal must be claimed before the transition deadline. We strongly encourage employers to use their balances now to avoid forfeiting this $10,000 resource.

Can SFEC be combined with other grants?

Absolutely. The SFEC is specifically designed to stack on top of existing government supports to further minimise a company’s out-of-pocket expenses. For instance, if you apply for the Productivity Solutions Grant (PSG), which covers 50% of a technology solution, the SFEC can be used to cover up to 90% of the remaining 50% out-of-pocket expense.

This stacking mechanism effectively reduces a company’s final cash outlay to as little as 5% of the original project cost.

How long does SFEC disbursement take?

Disbursements are not immediate; they are processed quarterly. Once the internal review by SSG or EnterpriseSG is complete, the funds are typically credited to your IRAS-registered bank account via GIRO or PayNow Corporate within the following quarterly disbursement window.