SkillsFuture Enterprise Credit (SFEC) 2026: How Singapore Employers Can Claim Up to S$10,000

What Is the SkillsFuture Enterprise Credit (SFEC)?

The SkillsFuture Enterprise Credit (SFEC) is a Singapore government grant that provides eligible employers with an additional S$10,000 credit to fund enterprise and workforce transformation. The SFEC is administered by the Workforce Singapore (WSG) and SkillsFuture Singapore (SSG) and is designed to encourage companies to invest in employees skills and capability upgrading.

The credit is applied automatically. Eligible employers do not need to apply for SFEC. Instead, the credit offsets qualifying costs when employers claim approved programmes through the relevant government portals.

Which Employers Are Eligible for SFEC in 2026?

To qualify for SFEC, your company must meet ALL of the following criteria:

1. Registered or incorporated in Singapore (private limited company, sole proprietorship, partnership, or society)
2. At least 3 Singapore Citizens or Permanent Residents on payroll for at least 3 consecutive months in the qualifying period
3. Has not been on the Workforce Singapore debarment list at any point during the qualifying period
4. Has contributed to the Skills Development Levy (SDL) for at least 3 months in the qualifying period

Eligible employers receive one SFEC credit allocation per qualifying period. The credit applies across the company, not per employee.

How Much Is the SFEC Credit?

The S$10,000 credit offsets the employers out-of-pocket costs after standard government subsidies have been applied. For example, if a training course costs S$1,000 and the standard SkillsFuture subsidy covers S$700, the employers net cost is S$300. SFEC can then cover up to 90% of that S$300 (i.e., S$270), making the final cost just S$30.

What Can SFEC Be Used For?

The SFEC can be used to offset costs across two main categories:

1. Workforce Transformation (WT) Programmes

These are training-related programmes that help employees upskill. Qualifying programmes include:

• SkillsFuture-approved training courses (job redesign, reskilling)
• Place-and-Train and Attach-and-Train programmes
• Professional Conversion Programmes (PCPs)
• Career Trial programmes
• Traineeships (for new hires)

2. Enterprise Transformation (ET) Programmes

These are productivity and business capability programmes. Qualifying items include:

• Productivity Solutions Grant (PSG) – technology adoption
• Enterprise Development Grant (EDG) – business capability and innovation
• Market Readiness Assistance (MRA) – overseas expansion
• HR and job redesign consultancy under WSG

The SFEC automatically offsets your claims made through the Business Grants Portal or the SkillsFuture for Enterprise portal.

How to Claim the SFEC: Step-by-Step

Step 1: Check Your Eligibility

Log in to the SFEC microsite using CorpPass. The portal will show your eligibility status and remaining SFEC balance.

Step 2: Enrol in a Qualifying Programme

Enrol your employees in an approved Workforce Transformation or Enterprise Transformation programme. Ensure the programme is listed as SFEC-qualifying.

Step 3: Pay Programme Fees and Obtain Standard Subsidies

Pay the net cost after applying the standard SkillsFuture Training Grant or PSG/EDG subsidy. Keep all receipts and supporting documents.

Step 4: Submit Your SFEC Claim

Claims for Workforce Transformation programmes are submitted through the SkillsFuture for Enterprise portal. Claims for Enterprise Transformation programmes are submitted through the Business Grants Portal. SFEC is applied automatically when you claim qualifying programmes.

Step 5: Credit Applied Automatically

Once your grant claim is approved, SFEC offsets your out-of-pocket cost up to 90%, drawing down from your S$10,000 balance. Track remaining credit on the SFEC microsite.

SFEC 2026 Updates: What Has Changed?

Key points for employers in 2026:

• The S$10,000 credit cap remains unchanged
• The 90% co-funding cap on out-of-pocket costs continues to apply
• Employers should verify their eligibility window on the SFEC microsite, as qualifying periods are tied to payroll contribution dates
• Claims must be submitted within the programmes claim window – expired programmes cannot be backdated for SFEC purposes
• Companies that have fully utilised their SFEC credit in an earlier period should check if a new qualifying period has been opened

Common SFEC Questions

Can sole proprietors and partnerships use SFEC?

Yes, provided they meet the eligibility criteria. Sole proprietors with no employees typically do not qualify, as the 3 headcount requirement would not be met.

Can SFEC be combined with other grants?

Yes. SFEC is designed to stack on top of other subsidies (e.g., SkillsFuture Training Grant, PSG). It offsets your out-of-pocket cost after the primary subsidy has been applied.

What if my company misses the claim deadline?

Claims submitted after the programmes claim window closes are not eligible for SFEC offset. Always submit your grant claims promptly after the programme ends.

Maximising SFEC for Your Business

To get the most from your S$10,000 SFEC credit:

• Plan training in advance. Map out which employees need upskilling and match them with SFEC-qualifying programmes.
• Combine with PSG. If you are adopting new business software or digital tools, PSG can subsidise up to 50% of costs, and SFEC can then cover up to 90% of your remaining out-of-pocket costs.
• Use EDG for transformation projects. If you are restructuring operations or entering new markets, EDG funding plus SFEC can significantly reduce your net project cost.
• Track your SFEC balance. Check the SFEC portal regularly so you know how much credit remains before committing to new programmes.

Our team at Raffles Corporate Services helps Singapore SMEs identify applicable government grants and ensure compliance with MOM and SSG requirements. Contact us at [email protected] or call +65 8501 7133 (WhatsApp).

For more information on Singapore government grants for SMEs, visit our grants resource page.

– The Editorial Team, Raffles Corporate Services