Singapore SkillsFuture Enterprise Credit (SFEC)

What is the SkillsFuture Enterprise Credit (SFEC)?

The SkillsFuture Enterprise Credit is a one-off S$10,000 credit provided to eligible employers to encourage investment in enterprise transformation and workforce development. SFEC can cover up to 90% of out-of-pocket expenses on qualifying programs, making it one of the most generous per-dollar incentives available for corporate AI training in Singapore.

How SFEC Works

SFEC functions as a top-up subsidy applied after other grant deductions. When combined with SSG course subsidies (which cover 50-90% of course fees), SFEC further reduces the remaining out-of-pocket cost by up to 90%.

Example calculation:

• Course fee: S$3,000
• SSG subsidy (70%): -S$2,100
• Out-of-pocket: S$900
• SFEC (90% of out-of-pocket): -S$810
• Final cost: S$90

Eligibility Criteria

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

1. Incorporation: Registered or incorporated in Singapore
2. Employment: At least 3 local employees (Singapore Citizens or Permanent Residents) earning at least S$500/month in CPF contributions during the qualifying period
3. Skills Development Levy: Contributed at least S$750 in SDL over the qualifying period
4. Not previously claimed: SFEC is a one-off credit (check your remaining balance on the SkillsFuture portal)

What SFEC Covers

Workforce Transformation

• Course fees for SSG-funded courses (the portion not covered by subsidies)
• Certification and assessment fees
• On-the-job training programs linked to Skills Framework

Enterprise Transformation

• Consultancy fees for workforce transformation projects
• Job redesign initiatives (in partnership with WSG)
• Career conversion programs

What SFEC Does NOT Cover

• Technology or equipment purchases (use PSG instead)
• Overseas training programs
• Non-SSG-approved courses
• Salary costs or staff time

How to Use Your SFEC

1. Check balance: Log in to the SkillsFuture portal to verify your remaining SFEC balance
2. Select qualifying programs: Choose SSG-approved AI training courses for your employees
3. Enroll employees: Complete enrollment through the training provider
4. Submit claim: After training, submit claims through the portal with proof of payment
5. Receive reimbursement: SFEC reimbursement is credited within 4-6 weeks

Maximizing SFEC Value for AI Training

The most effective use of SFEC is to combine it with the highest available SSG subsidy tier:

• For SME employers: SSG provides enhanced 90% subsidies for Singapore Citizens, leaving minimal out-of-pocket for SFEC to cover
• For larger companies: Standard 50-70% SSG subsidies leave more room for SFEC to add value
• For mid-career workers (40+): MCES provides 90% subsidies even for non-SMEs, maximizing combined coverage

Pro tip: Use SFEC strategically for higher-value programs where the absolute dollar savings are greatest. A S$10,000 AI strategy course with 70% SSG subsidy leaves S$3,000 out-of-pocket, of which SFEC covers S$2,700. This is more impactful than using SFEC on multiple small courses.