SkillsFuture Enterprise Credit (SFEC) Singapore: Complete Guide for SMEs

Log in to the Business Grants Portal at businessgrants.gov.sg using your Corppass. If you qualify, you will see an SFEC banner with your S$10,000 balance. No banner means you are not eligible under the current scheme. You can also check the SkillsFuture for Business page for the same information.

Yes, but the claim process differs. For SC, PR, and LTVP+ holders, your training provider usually submits the claim on your behalf. For other foreign employees on Work Permits, S Passes, or Employment Passes, you must submit the SFEC claim yourself through the SkillsFuture for Business portal after course completion. Check with your provider before enrolling so you know who handles the paperwork.

SFEC is tied to your UEN. Each entity is assessed separately. If your parent company and three subsidiaries all qualified independently under past assessment periods, each gets its own S$10,000 credit. If only one entity qualified, only that one can claim. You cannot pool credits across the group, and you cannot transfer balance from one UEN to another.

Not under the current scheme. The five qualifying periods all closed by end-2022, so newly incorporated companies missed the assessment window. The redesigned SFEC under EWTP launches on 1 December 2026 with simpler rules: you only need three local employees on CPF at the time the credit is issued. Plan to qualify under the new rules by maintaining your local headcount.

Disbursements happen quarterly after the base programme claim is approved. Most employers see payment land in their bank account within four to ten weeks after submitting the final claim. The base agency review takes the longest. Once SFEC kicks in, IRAS releases payment via PayNow Corporate (faster) or GIRO. Your Corppass administrator gets an email when the disbursement clears.

Rejected claims usually fail because of incomplete documentation, payment made before grant approval, or non-supportable programmes. You typically get one chance to appeal with corrected documentation. Common fixes include resubmitting invoices addressed to the correct UEN, providing missing attendance records, or supplying additional payment proofs. If the underlying programme was never SFEC-supportable, no appeal will help.

Yes, and this is the smartest way to use it. Each scheme has its own rules, but they stack in a defined order. The base grant (PSG, EDG, or SSG) reduces your bill first. SFEC then reimburses up to 90% of what you still owe out of pocket. A S$10,000 WSQ course funded at 70% by SSG leaves S$3,000, of which SFEC covers 90%, dropping your real cost to S$300. You can also layer Absentee Payroll on top for staff training time.

No. Any unused balance after 30 November 2026 expires. The redesigned SFEC under EWTP starts fresh on 1 December 2026 with a new S$10,000 digital wallet credit for qualifying employers. Two separate credits, no transfer between them. If you have S$8,000 left in your current SFEC and miss the deadline, that S$8,000 disappears permanently.

Build a folder for each project from day one. You need the tax invoice from the vendor or training provider (addressed to your UEN), proof of payment (bank statement, GIRO receipt, or credit card record), the completion certificate or project sign-off, attendance records for training claims, and deployment proof (screenshots or live reports) for enterprise claims. Missing any one of these adds weeks or kills the claim.

Map your remaining months against your training calendar and transformation roadmap. Use the S$7,000 enterprise envelope on one larger PSG or EDG project rather than spreading it thin. Use the remaining S$3,000 (or the full S$10,000 if you skip enterprise) on WSQ courses your team needs anyway. Start project execution by Q1 2026 to leave buffer time for claim approval. Talk to a training provider early so they can confirm SFEC eligibility before you commit.