Update, 6 November 2026: The current SkillsFuture Enterprise Credit expires on 30 November 2026. All claims must be submitted by that date, and SWDA-funded training must end on or before 30 November 2026 to count. A redesigned SFEC (Enhanced), administered by the Skills and Workforce Development Agency (SWDA), launches on 1 December 2026 with a fresh S$10,000 credit for eligible employers; unused credit from the current SFEC expires and does not carry over. EDG, PSG and MRA closed to new applications on 29 September 2026 and were replaced by the EDGE Grant; projects already approved continue to claim under their original terms. See our SFEC claims checklist, what changes when SFEC resets in December 2026 and our directory of Singapore government grants.
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The SkillsFuture Enterprise Credit (SFEC) is one of Singapore’s longest-running employer-side transformation credits, designed to encourage employers to invest in enterprise transformation and the capabilities of their employees. The current credit of S$10,000 per eligible employer expires on 30 November 2026, so this is a credit to use, not save.
What is SFEC?
The current SFEC was introduced at Budget 2020 and expanded at Budget 2022. Enterprise Singapore notified eligible employers and handles SFEC queries, 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. Eligible employers receive a one-off S$10,000 credit, which can be used to defray up to 90% of out-of-pocket costs for supported training and transformation programmes.
The credit sits on top of the base subsidies already provided by schemes like the Productivity Solutions Grant (PSG), the Enterprise Development Grant (EDG) and the Market Readiness Assistance (MRA) grant. SFEC reimburses the employer’s residual share after the base grant has been applied. PSG, EDG and MRA closed to new applications on 29 September 2026, so only projects approved before then can still draw on SFEC.
Eligibility
Eligibility for the current SFEC was measured over qualifying periods that have now passed. Under the Budget 2020 criteria, a Singapore-registered employer must, in any one of the qualifying periods between April 2019 and December 2020, have:
- Contributed at least S$750 in Skills Development Levy (SDL); and
- Employed at least three Singapore Citizens or Permanent Residents for every month of the qualifying period; and
- Not qualified in an earlier period.
Under the SFEC Expansion (Budget 2022), the qualifying period was 1 January to 31 December 2021: at least three Singapore Citizens or PRs every month, not previously qualified, no default on SDL contributions and an active ACRA status.
Eligibility is automatic: Enterprise Singapore notified qualifying employers by email to their registered Corppass administrator. There is no application form to submit at the credit-grant stage.
Supportable schemes
SFEC can defray costs under supported programmes from Enterprise Singapore and SWDA. Up to S$7,000 of the credit can go to enterprise transformation; there is no cap for workforce transformation. Common ones include:
- SWDA-funded, Skills Framework-aligned courses (up to 90% of the out-of-pocket course fee);
- The SkillsFuture Workforce Development Grant (Job Redesign+), which replaced job redesign support under the Productivity Solutions Grant (PSG-JR);
- Career Conversion Programmes;
- National Centre of Excellence for Workplace Learning (NACE) programmes and employment support for persons with disabilities;
- Enterprise Development Grant (EDG), PSG and MRA projects approved before 29 September 2026;
- Enterprise Leadership for Transformation and Scale-Up.
How to claim
The mechanics differ depending on the underlying scheme, but the general flow is:
Step 1: Confirm credit balance
Log in with Corppass through the SFEC page on OurWorkforce to see your credit. Details of SFEC disbursed against enterprise transformation programmes can be checked on the Business Grants Portal.
Step 2: Complete the underlying programme
Complete the supported course or programme and pay your out-of-pocket share. New PSG, EDG and MRA applications are no longer possible, and SWDA-funded training must end on or before 30 November 2026 to count.
Step 3: Submit the final claim by 30 November 2026
Submit the final claim for the underlying programme to the agency that runs it by 30 November 2026. There is usually no separate SFEC claim: for SWDA-funded courses the SFEC claim is mostly created automatically after completion, while manual claims for employees who are not Singapore Citizens or PRs go through the current SFEC system. Once the underlying claim is approved, the SFEC amount is paid quarterly to your IRAS-registered GIRO or PayNow Corporate account.
Recent updates
The current SFEC, originally due to expire in June 2025, was extended and now expires on 30 November 2026. Unused balances will be forfeited. The old SFEC claims system then closes in stages: training providers must endorse submitted claims by 30 April 2027, employers can view claim history until 31 July 2027, and the system is inaccessible from 1 August 2027.
From 1 December 2026, SWDA launches a redesigned SFEC (Enhanced) with a fresh S$10,000 credit in an online wallet that offsets costs upfront. It is based on the 2025 qualifying period (at least three Singapore Citizens or PRs every month, no SDL default, active ACRA status), and eligible employers will be notified and asked to complete a short workforce questionnaire. Unused current credit does not carry over. See what changes when SFEC resets in December 2026.
Common mistakes
- Missing the SDL threshold: Companies that pay levies in lump sums for foreign workers (FWL) sometimes assume that counts towards SDL. It does not.
- Forgetting the 3-employee headcount: Companies without at least three Singapore Citizen or PR employees every month of the qualifying period do not qualify.
- Letting the claim window lapse: SFEC is only paid after the underlying programme’s final claim is approved, and that claim must be submitted by 30 November 2026.
- Mistiming the qualifying period: Eligibility is measured over a specific qualifying period. For the redesigned SFEC it is calendar year 2025, so newly incorporated companies should check whether they met the headcount test in every month.
Stacking SFEC with other grants
SFEC is designed to stack on top of base subsidies. For example, if an approved PSG project covered 50% of an HR software purchase, the employer pays the remaining 50%, and SFEC then reimburses up to 90% of that 50% share, within the S$7,000 enterprise transformation limit and the SFEC balance.
For a wider view of how Singapore grants stack, see our companion guide on claims, compliance and audit after a Singapore grant is approved.
How RCS can help
Raffles Corporate Services advises eligible employers on SFEC planning, claim submission and audit-ready documentation, and on newer schemes such as the EDGE Grant that replaced PSG for digital solutions.
Information checked against official sources on 6 November 2026.
The Editorial Team, Raffles Corporate Services
For a related funding option, see course funding for financial sector employers under the IBF Financial Training Scheme.
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