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SkillsFuture Enterprise Credit (SFEC)
What is SkillsFuture Enterprise Credit (SFEC)?
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
Announced during the Budget in February 2022, the SkillsFuture Enterprise Credit (SFEC) has been extended to a larger group of employers through a one-off adjustment to the eligibility criteria, to encourage more employers to invest in enterprise and workforce transformation as they emerge from the pandemic.
Who Can Apply?
Employers must meet the following conditions over the qualifying period:
- Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and
- Have not been previously qualified for SFEC; and
- Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during qualification.
Newly qualified employers will be notified in April 2022.
What Courses Can use SFEC?
Skills Framework-aligned courses - Click here to see the courses
How to Apply SFEC Apply?
Please download the SFEC Guide here to apply for SFEC.
You can submit your SFEC on the Enterprise Job Skill Microsite here
