SkillsFuture Enterprise Credit (SFEC) Singapore 2026: How to Use Your S$10,000 to Upskill Your Team

The SkillsFuture Enterprise Credit (SFEC) gives eligible Singapore employers a S$10,000 credit that offsets up to 90% of out-of-pocket spending on selected workforce-transformation and training programmes. The scheme was launched at Budget 2020, expanded at Budget 2022 and later extended, and the current credit now expires on 30 November 2026. This article explains how to check your balance, what counts as a claimable programme, and how to deploy the credit before it expires.

What SFEC actually is

SFEC is a one-off S$10,000 credit. Enterprise Singapore notified eligible employers and handles SFEC queries and claims for enterprise transformation programmes, and 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. It does not pay cash up front. Instead, after the employer pays for an eligible programme and the claim for that programme is approved, SFEC reimburses up to 90% of the net out-of-pocket cost, subject to the S$10,000 cap and the 30 November 2026 expiry.

The credit is targeted at transformation, not generic training. Qualifying programmes fall into two buckets: enterprise transformation (projects under the Enterprise Development Grant, PSG or MRA, and specific EnterpriseSG programmes), capped at S$7,000 of the credit; and workforce transformation (Career Conversion Programmes, the Workforce Development Grant (Job Redesign+), and SWDA-funded Skills Framework-aligned courses), with no cap.

Eligibility: how employers qualified

Eligibility for the current SFEC was measured over qualifying periods that have now passed. Under the original Budget 2020 criteria, an employer had to satisfy these tests over a qualifying period:

One: SDL contributions. The employer must have contributed at least S$750 in Skills Development Levy across the qualifying period. SDL is paid by all employers in Singapore at 0.25% of total monthly wages (with a S$2 floor and S$11.25 cap per employee per month). For most companies with three or more employees on Singapore payroll, the S$750 threshold is easily met.

Two: local employee count. The employer must have employed at least three Singapore Citizens or PRs, drawing a salary and with CPF contributions, every month of the qualifying period. This is the test that frequently excludes very small or holding companies with mostly foreign or contractor headcount.

Three: not previously qualified. An employer can only qualify once. Under the SFEC Expansion announced at Budget 2022, the qualifying period was 1 January to 31 December 2021, and the SDL test was replaced by a requirement not to be in default of SDL contributions, together with an active ACRA status and the same three-locals-every-month test.

Eligible employers were notified by Enterprise Singapore by email to their registered Corppass administrator. If your company qualified, it will see the S$10,000 credit when it logs in with Corppass through the SFEC page on OurWorkforce. Employers that were never notified cannot use the current credit.

What you can spend SFEC on

The supported programmes change occasionally, but the categories have remained stable. You must meet each programme’s own eligibility rules before drawing down the credit.

EnterpriseSG enterprise development grants and PSG. For an EDG, PSG or MRA project, SFEC can be applied against the employer’s co-payment, up to S$7,000 of the credit. These three grants closed to new applications on 29 September 2026, so this now only helps projects approved before then whose final claims are submitted by 30 November 2026. We cover the underlying schemes in our PSG SME guide and our multi-grant stacking guide.

SWDA-funded Skills Framework-aligned courses. SFEC offsets up to 90% of the out-of-pocket course fee for SFEC-supported courses in SWDA’s course directory, including many Workforce Skills Qualifications (WSQ) programmes. The catalogue covers digital marketing, data analytics, financial accounting, leadership, customer experience and supply chain skills among hundreds of others.

Career Conversion Programmes (CCP). Run by SWDA, these programmes reskill mid-career workers into new roles. CCPs are on the SFEC-supported list; check with the programme partner which of your out-of-pocket costs can be offset. See our CCP employer guide.

Job redesign initiatives. The SkillsFuture Workforce Development Grant (Job Redesign+), which replaced PSG job redesign support, funds workforce consultancy, capability building and workforce technology, and is on Enterprise Singapore’s list of SFEC-supported programmes.

Workplace learning and inclusive hiring. National Centre of Excellence for Workplace Learning (NACE) programmes and certifications, employment support for persons with disabilities and the Singapore Global Executive Programme are also on the supported list.

What you cannot spend it on

Generic in-house training designed by an internal HR team without an approved training partner. Conferences, summits and short networking events. Software licences (separately, software is typically PSG territory; SFEC covers the human-capital side). Internal coaching by managers. Online courses bought directly from non-approved overseas providers. Programmes started before the employer was SFEC-eligible.

The rule of thumb is: if the programme or course is not on the supported list on the SFEC page on OurWorkforce or in the course directory, the credit cannot be claimed against it.

How the claim process works

Step one: confirm SFEC eligibility by logging in with Corppass, or by checking the Corppass administrator’s email for Enterprise Singapore’s eligibility letter.

Step two: register for and complete the qualifying programme, and pay the provider as usual. SWDA-funded training must end on or before 30 November 2026.

Step three: submit the final claim for the underlying programme to the agency that runs it by 30 November 2026. For SWDA-funded courses, the SFEC claim is in most cases created automatically after the course is completed; manual claims for employees who are not Singapore Citizens or PRs are submitted through the current SFEC system.

Step four: once the underlying claim is approved, up to 90% of the net out-of-pocket cost (after any other grant support) is paid quarterly into the employer’s IRAS-registered GIRO or PayNow Corporate account, separately from the base programme’s own disbursement.

One thing to watch: many employers double up on grants. If a programme is already 70% funded by PSG, then SFEC can claim up to 90% of the remaining 30%, not 90% of the gross fee. This stacking-after-other-grants rule is why some employers find their SFEC balance moves slower than expected.

Deadlines and what happens to unspent credit

The current SFEC expires on 30 November 2026. All claims must be submitted by then, and for SWDA-funded courses the last day of training must be on or before 30 November 2026, subject to SWDA’s approval. Credit not used by the deadline is forfeited. The old claims system then winds down: training providers must endorse submitted claims by 30 April 2027, employers can view claim history until 31 July 2027, and the system closes from 1 August 2027.

The credit cannot be sold or assigned to another employer and is not refundable in cash. Unused credit does not carry over into the redesigned SFEC (Enhanced), which SWDA launches on 1 December 2026 with a fresh S$10,000 credit for employers that employed at least three Singapore Citizens or PRs every month in 2025, were not in default of SDL and have an active ACRA status. Eligible employers will be notified and must complete a short workforce questionnaire to access it. See what changes when SFEC resets in December 2026.

Practical deployment ideas for SMEs

With the deadline weeks away, the realistic options are narrower. For a typical 10 to 30 person SME, the credit can still support: SWDA-funded short courses that finish on or before 30 November 2026 (up to 90% of the out-of-pocket fee claimable); outstanding final claims on an EDG, PSG or MRA project approved before 29 September 2026; and completed CCP or other supported workforce programmes whose claims have not yet been filed.

For a holding company or family office, options are narrower because the local employee count test may not be met. Where eligible, deploy against the family office team’s regulatory compliance training (where MAS-recognised) and operational tooling deployment.

How Raffles Corporate Services helps

We assist clients with grant scoping across the EDGE Grant, final claims on legacy EDG, PSG and MRA approvals, and SFEC, including stacking strategy so a single transformation project draws on the full grant stack. For specific schemes, see our pieces on MRA grants, the post-approval claims process, EDGE Grant claims and the Enterprise Financing Scheme.

Official SFEC information is on the SFEC page on OurWorkforce and Enterprise Singapore’s SFEC page.

Information checked against official sources on 6 November 2026.

The Editorial Team, Raffles Corporate Services