Phone Number+65 6610 3737 / 6610 8223 / 6398 0067 Email Addressinfo@ascendo.sg

SkillsFuture Enterprise Credit (SFEC)

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S$10,000 SkillsFuture Enterprise Credit (SFEC) Grant


SkillsFuture Enterprise Credit

What is the SkillsFuture Enterprise Credit (SFEC)?

To encourage enterprises to develop the skills of employees, the government announce a few measures in Budget 2020. One of them is the Skillsfuture for Enterprises (SFE) programme, also known as SFE grant to the business community.

The new SkillsFuture Enterprise Credit or SFEC grant is to help enterprises defray 90% of out-of-pocket costs for supportable Enterprise Transformation and Workforce Transformation programmes.

At $10,000 per enterprise, the SkillsFuture Enterprise Credit scheme will benefit over 35,000 enterprises, mostly small and medium-sized enterprises (SMEs).

Support Programmes

To encourage employers to train and upskill their workers, $3,000 of the credit will be ring-fenced for Workforce Transformation. The remaining $7,000 can be used for both Workforce Transformation and Enterprise Transformation.

The supportable programmes will be updated from time to time.
To find out more about SFEC, visit www.skillsfuture.sg/sfec

Frequently Asked Questions (FAQs)

Eligibility

Q: Who is eligible to apply for SFEC?

  • Employers which meet the following conditions will qualify for the SFEC grant:
  • Have contributed at least $750 Skills Development Levy over a qualifying period;
  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period; and
  • Have not been qualified at any of the earlier periods.

Qualifying Periods

Q: When are the qualifying periods?

There will be four qualifying periods:

  • 1 April 2019 – 31 March 2020
  • 1 July 2019 – 30 June 2020
  • 1 October 2019 – 30 September 2020
  • 1 January 2020 – 31 December 2020

Employers which qualify will be informed in writing. There will be no qualification of employers after the last period.

Duration

Q: How long is the Skillsfuture for Enterprises (SFE) programme?

SFEC grant can be used for supportable Enterprise or Workforce Transformation programmes, wherein applications are submitted on or after 1 April 2020 and claims for the programmes are submitted by 30 June 2023. Eligible employers will receive more details on how the SFEC grant will be reimbursed to them.

SFEC grant will be reimbursed to employers from 1 April 2021.

For more information, employers can contact Ascendo Academy at info@ascendo.sg.

Phone Number+65 6610 3737 / 6610 8223 / 6398 0067
Ascendo Academy Pte Ltd9 Little Road, #02-01 Singapore 536985
Email Addressinfo@ascendo.sg