SkillsFuture Enterprise Credit (SFEC) 2026: A Complete Employer’s Guide

What Is the SkillsFuture Enterprise Credit?

The SkillsFuture Enterprise Credit (SFEC) is a government grant that encourages Singapore employers to invest in workforce transformation and enterprise capability development. Eligible employers receive a one-time credit of S$10,000, which can be used to defray up to 90% of out-of-pocket expenses for supported workforce and enterprise transformation programmes and courses.

The current SFEC was introduced at Budget 2020 and expanded at Budget 2022. Enterprise Singapore notified eligible employers and handles SFEC queries, while the programme is now also listed on OurWorkforce by the Skills and Workforce Development Agency (SWDA), which took over SkillsFuture Singapore and Workforce Singapore on 1 July 2026. Originally due to expire in June 2025, the current credit was extended and now expires on 30 November 2026. A redesigned SFEC (Enhanced) under SWDA starts on 1 December 2026.

Who Is Eligible for SFEC in 2026?

Eligibility for the current SFEC was fixed by qualifying periods that have already passed, and all eligible employers have been notified. Enterprise Singapore set two sets of criteria:

• SFEC (Budget 2020): over a qualifying period between April 2019 and December 2020, the employer contributed at least S$750 in Skills Development Levy (SDL) and employed at least three Singapore Citizens or Permanent Residents every month of that period.
• SFEC Expansion (Budget 2022): over 1 January to 31 December 2021, the employer employed at least three Singapore Citizens or PRs every month, had not qualified previously, was not in default of SDL contributions and did not have an inactive ACRA status.

There is no application: eligible employers were notified by Enterprise Singapore by email to their Corppass administrator. If your company was never notified, it cannot use the current SFEC, but it may qualify for the redesigned SFEC (Enhanced), which looks at the 1 January to 31 December 2025 qualifying period (at least three Singapore Citizens or PRs every month, no SDL default and an active ACRA status).

What Can SFEC Be Used For?

The S$10,000 credit can be applied against the out-of-pocket cost of supported programmes in two broad categories. You must meet each programme’s own eligibility rules before you can draw down the credit.

1. Workforce Transformation Programmes

There is no cap on how much of the credit can be used here. Supported programmes include:

• SWDA-funded, Skills Framework-aligned courses listed in the course directory (up to 90% of the out-of-pocket course fee)
• Career Conversion Programmes for employers
• The SkillsFuture Workforce Development Grant (Job Redesign+)
• Employment support for persons with disabilities, and the Singapore Global Executive Programme
• National Centre of Excellence for Workplace Learning (NACE) programmes and certifications

2. Enterprise Transformation Programmes

Up to S$7,000 of the credit can be used for enterprise transformation, including projects under:

• The Enterprise Development Grant (EDG)
• The Productivity Solutions Grant (PSG)
• The Market Readiness Assistance (MRA) grant
• Enterprise Singapore’s Enterprise Leadership for Transformation and Scale-Up programmes

EDG, PSG and MRA closed to new applications on 29 September 2026, so only projects approved before then can still generate an SFEC offset, and only if their final claims are submitted by 30 November 2026.

How Much Can You Claim?

SFEC covers up to 90% of qualifying out-of-pocket costs, capped at the credit balance of S$10,000. The remaining co-payment (at least 10%) must be borne by the employer. SFEC cannot be used to offset costs already fully funded by other grants, and GST is not supportable.

For example, if a training programme costs S$5,000, and another grant covers S$2,000, your out-of-pocket expense is S$3,000. SFEC can cover up to 90% of that S$3,000 (i.e., S$2,700), so you would only pay S$300.

How to Claim SFEC

In most cases there is no separate SFEC claim. The credit follows the claim for the underlying programme:

1. Confirm your company was notified as SFEC-eligible (check the Corppass administrator’s email for Enterprise Singapore’s eligibility letter, or log in with Corppass to see the S$10,000 credit).
2. Complete the supported course or programme. For SWDA-funded courses, training must end on or before 30 November 2026.
3. Submit the final claim for the underlying programme to the agency that runs it by 30 November 2026. For SWDA-funded courses, SFEC claims are usually created automatically after the course is completed; manual SFEC claims for employees who are not Singapore Citizens or PRs go through the current SFEC system.
4. Once the underlying claim is approved, the SFEC amount is calculated and paid quarterly to your IRAS-registered GIRO or PayNow Corporate account, with a notification email to your Corppass administrator.

Key Deadlines and Validity Period

The current SFEC credit expires on 30 November 2026 for all employers. By that date, all claims must be submitted and SWDA-funded training must have ended. Unused credit is forfeited and cannot be carried into the redesigned SFEC (Enhanced) that starts on 1 December 2026.

The current SFEC claims system is also being shut down: training providers must endorse submitted claims by 30 April 2027, employers can log in to view claim history until 31 July 2027, and the system is no longer accessible from 1 August 2027. Keep your own records of claims and disbursements before then.

SFEC vs Other Grants: How They Stack

SFEC is designed to work alongside other enterprise grants, not as a standalone scheme. Common combinations include:

• SFEC + an approved EDG or PSG project: for projects approved before the schemes closed on 29 September 2026, SFEC can cover up to 90% of the remaining co-payment, within the S$7,000 enterprise transformation limit, if the final claim is in by 30 November 2026.
• SFEC + Training grants: SWDA course fee subsidies reduce course fees, and SFEC covers up to 90% of the residual cost.

This stacking approach can significantly reduce the net cost of transformation initiatives for SMEs. For new projects from 30 September 2026, see the EDGE Grant for digital solutions and equipment.

Common Mistakes to Avoid

• Claiming ineligible expenses: Only programmes on the supported list qualify, and GST is not supportable.
• Missing the claims window: Final claims must be submitted by 30 November 2026.
• Incomplete documentation: Ensure invoices, payment proofs, and attendance records are properly filed before submitting.
• Double-claiming: You cannot claim SFEC on costs already 100% subsidised by another grant.

How Raffles Corporate Services Can Help

Navigating grant applications can be time-consuming. Our team at Raffles Corporate Services helps SMEs identify eligible programmes, prepare documentation, and submit claims accurately. Contact us to ensure you make full use of your SFEC credit before it expires on 30 November 2026.

Information checked against official sources on 6 November 2026.

For a related funding option, see how SMEs claim course fee subsidies for employer-sponsored training.