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Submitted URL: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/%20skillsfuture-enterprise-credit
Effective URL: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/%20skillsfuture-enterprise-credit
Submission: On March 21 via manual from US — Scanned from DE
Effective URL: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/%20skillsfuture-enterprise-credit
Submission: On March 21 via manual from US — Scanned from DE
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<h1> SkillsFuture Enterprise Credit (SFEC) </h1>
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<a data-dta-event="accordionInteraction" class="accordionHead">Overview</a>
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<div class="body" style="display: block;">
<div class="body-wrapper">
<div style="padding: 20px; background-color: #ffffff;">
<div class="short-text">
<p>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.</p>
</div>
</div>
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<a data-dta-event="accordionInteraction" class="accordionHead">What does the SFEC support?</a>
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<div class="body" style="display: none;">
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<div style="padding: 20px; background-color: #ffffff;">
<div class="short-text">
<p><span style="text-decoration: underline;">Enterprise Transformation</span><br> Schemes by various agencies hosted on the Business Grant Portal (BGP)</p>
<p><span style="text-decoration: underline;">Workforce Transformation</span> <br> Training courses aligned to the various Industry Skills Frameworks by SkillsFuture Singapore (SSG), Job redesign initiatives, Career
Conversion Programmes and more by Workforce Singapore (WSG)</p>
<p>The list of SFEC-supportable programmes can be found below:</p>
<table class="rtable">
<thead>
<tr>
<th><strong>Programmes</strong></th>
<th><strong>Agency</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td style="background-color: #eeeeee;" colspan="2"><strong>Enterprise Transformation Programmes</strong></td>
</tr>
<tr valign="top">
<td>
<ol style="font-size: 14px;">
<li><a href="/financial-assistance/grants/for-local-companies/enterprise-development-grant">Enterprise Development Grant (EDG)</a></li>
<li><a href="/non-financial-assistance/for-singapore-companies/growth-partnership-programme/enterprise-leadership-for-transformation">Enterprise Leadership for Transformation Programme (ELT)</a></li>
<li><a href="/financial-assistance/grants/for-local-companies/market-readiness-assistance-grant">Market Readiness Assistance (MRA) Grant</a></li>
</ol>
</td>
<td>Enterprise Singapore </td>
</tr>
<tr valign="top">
<td>
<ol start="4">
<li><a href="/financial-assistance/grants/for-local-companies/productivity-solutions-grant">Productivity Solutions Grant (PSG)</a></li>
</ol>
</td>
<td>Administered by Enterprise Singapore, Singapore Tourism Board, Building and Construction Authority, National Environment Agency, Infocomm Media Development Authority, Monetary Authority of Singapore, National Parks
Board, Singapore Food Agency, Early Childhood Development Agency</td>
</tr>
<tr valign="top">
<td>
<ol start="5">
<li><a href="https://www.stb.gov.sg/content/stb/en/assistance-and-licensing/grants-overview/business-improvement-fund-bif.html" target="_blank">Business Improvement Fund (BIF)</a></li>
</ol>
</td>
<td>Singapore Tourism Board</td>
</tr>
<tr valign="top">
<td>
<ol start="6">
<li><a href="http://www.caas.gov.sg/who-we-are/areas-of-responsibility/developing-the-industry/aviation-development-fund" target="_blank">Aviation Development Fund (ADF)</a></li>
</ol>
</td>
<td>Civil Aviation Authority of Singapore</td>
</tr>
<tr valign="top">
<td style="background-color: #eeeeee;" colspan="2"><strong>Workforce Transformation Programmes</strong></td>
</tr>
<tr valign="top">
<td>
<ol>
<li><a href="https://sfec-microsite.enterprisejobskills.gov.sg/home" target="_blank">Skills Framework-aligned courses</a> <br> [in support of the Industry Transformation Maps] </li>
</ol>
</td>
<td>SkillsFuture Singapore</td>
</tr>
<tr valign="top">
<td>
<ol start="2">
<li><a href="https://www.enterprisejobskills.gov.sg/content/recruit-talent/career-conversion-programmes.html" target="_blank">Career Conversion Programmes</a> <br> [Course fee expenses only. Comprises the
Professional Conversion Programmes (PCP) and Rank and File (RnF) Programmes]</li>
<li>Support for Job Redesign consultancy under Productivity Solutions Grant (PSG-JR)</li>
<li><a href="https://www.enterprisejobskills.sg/content/redesign-jobs/job-redesign/index.html" target="_blank">Job Redesign initiatives</a> <br> [e.g. i4.0 Human Capital Initiative for Manufacturing Sector, Service
Industry Transformation Programme for the Services Sector]</li>
<li><a href="https://www.wsg.gov.sg/programmes-and-initiatives/design-thinking-manpower-lean-programme.html" target="_blank">Design Thinking Business Transformation Programme</a>
</li>
<li>
<a href="https://www.wsg.gov.sg/programmes-and-initiatives/employment-support-for-employers-to-hire-persons-with-disabilities.html" target="_blank">Employment Support for Persons with Disabilities (PwDs) – Job Redesign Grant for Employers </a>
</li>
</ol>
</td>
<td>Workforce Singapore</td>
</tr>
<tr valign="top">
<td>
<ol start="7">
<li><a href="https://www.enterprisejobskills.gov.sg/content/recruit-talent/career-conversion-programmes.html" target="_blank">Career Conversion Programmes</a> [Course fee expenses only. Comprises the Professional
Conversion Programmes (PCP) and Rank and File (RnF) Programmes]</li>
</ol>
</td>
<td>Employment and Employability Institute</td>
</tr>
<tr valign="top">
<td>
<ol start="9">
<li>
<a href="https://www.stb.gov.sg/content/stb/en/assistance-and-licensing/grants-overview/training-industry-professionals-in-tourism-tip-it.html" target="_blank">Training Industry Professionals in Tourism (TIP-iT)</a>
</li>
</ol>
</td>
<td>Singapore Tourism Board</td>
</tr>
</tbody>
</table>
<br>
<p>To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, S$3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to
S$7,000 of the credit for enterprise transformation. There is no cap on the amount that can be used for workforce transformation.</p>
<em>Note:</em>
<ol style="list-style-type: lower-alpha;">
<li><strong>There is no need to apply for SFEC</strong>. Your credit will be automatically used on supportable programmes that you have applied for.</li>
<li>Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit.</li>
<li>Employers newly qualified in 2021<sup>1</sup> may use their SFEC for supportable programmes applied from 1 April 2022. Employers who were previously qualified<sup>2</sup> can continue to use their SFEC for supportable
programmes submitted on or after 1 April 2020.<br>
<br>
<span style="font-size: 10px;"><sup>1</sup> Qualifying period: 1 Jan 2021 – 31 Dec 2021</span><br>
<span style="font-size: 10px;"><sup>2</sup> Previous qualifying periods were:<br>
<span style="font-size: 10px;"> a. 1 April 2019 – 31 March 2020</span><br>
<span style="font-size: 10px;"> b. 1 July 2019 – 30 June 2020</span><br>
<span style="font-size: 10px;"> c. 1 October 2019 – 30 September 2020</span><br>
<span style="font-size: 10px;"> d. 1 January 2020 – 31 December 2020</span>
</span>
</li>
<li>Final claims for SFEC-supportable programmes must be submitted to the respective agencies by 30 June 2024.</li>
</ol>
</div>
</div>
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<a data-dta-event="accordionInteraction" class="accordionHead">Eligibility</a>
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<div style="padding: 20px; background-color: #ffffff;">
<div class="short-text">
<p>Eligible employers have been qualified for SFEC over 5 qualifying periods.</p>
<p>Please refer to the table below for the qualifying periods and the respective eligibility criteria.</p>
<table style="border-color: #8B8B8B; width: 100%;" border="1" cellspacing="0" cellpadding="15">
<thead>
<tr>
<th valign="top" bgcolor="#e7131a"><strong><span style="font-size: 16px; color: #ffffff;"></span></strong></th>
<th valign="top" bgcolor="#e7131a"><strong><span style="font-size: 16px; color: #ffffff;"><strong>Qualifying Periods</strong></span></strong></th>
<th valign="top" bgcolor="#e7131a"><strong><span style="font-size: 16px; color: #ffffff;"><strong>Eligibility Criteria</strong></span></strong></th>
</tr>
</thead>
<tbody>
<tr valign="top">
<td style="background-color: #efefef;" valign="top">SFEC (Budget 2020)</td>
<td style="background-color: #ffffff;" valign="top">1 April 2019 – 31 March 2020<br>
<br> 1 July 2019 – 30 June 2020<br>
<br> 1 October 2019 – 30 September 2020<br>
<br> 1 January 2020 – 31 December 2020
</td>
<td style="background-color: #ffffff;" valign="top">Employers must meet the following conditions over any of the qualifying periods: <ul>
<li>Have contributed at least S$750 Skills Development Levy (SDL) over a qualifying period; and</li>
<li>Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same qualifying period; and</li>
<li>Have not been qualified at any of the earlier periods</li>
</ul>
<p>All employers have already been qualified and notified.</p>
</td>
</tr>
<tr valign="top">
<td style="background-color: #efefef;" valign="top">SFEC Expansion (Budget 2022)</td>
<td style="background-color: #ffffff;" valign="top">1 January 2021 – 31 December 2021</td>
<td style="background-color: #ffffff;" valign="top">Employers must meet the following conditions over the qualifying period: <ul>
<li>Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and</li>
<li>Have not been previously qualified for SFEC; and</li>
<li>Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during qualification.</li>
</ul>
<p>Newly qualified employers will be notified in April 2022.</p>
</td>
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<p>Click <a href="/-/media/esg/files/financial-assistance/grants/for-local-companies/skillsfuture-enterprise-credit/faq-for-sfec.pdf?la=en" target="_blank">here</a> for frequently asked questions on SFEC.</p>
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* SkillsFuture Enterprise Credit (SFEC)
Productivity Solutions Grant (PSG) Market Readiness Assistance (MRA) Grant
Enterprise Development Grant (EDG) International Co-Innovation Programmes
SkillsFuture Enterprise Credit (SFEC)
SkillsFuture Enterprise Credit (SFEC)
* Productivity Solutions Grant (PSG)
* Market Readiness Assistance (MRA) Grant
* Enterprise Development Grant (EDG)
* International Co-Innovation Programmes
* SkillsFuture Enterprise Credit (SFEC)
For Local companies
* Productivity Solutions Grant (PSG)
* Market Readiness Assistance (MRA) Grant
* Enterprise Development Grant (EDG)
* International Co-Innovation Programmes
* SkillsFuture Enterprise Credit (SFEC)
SKILLSFUTURE ENTERPRISE CREDIT (SFEC)
Overview
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.
What does the SFEC support?
Enterprise Transformation
Schemes by various agencies hosted on the Business Grant Portal (BGP)
Workforce Transformation
Training courses aligned to the various Industry Skills Frameworks by
SkillsFuture Singapore (SSG), Job redesign initiatives, Career Conversion
Programmes and more by Workforce Singapore (WSG)
The list of SFEC-supportable programmes can be found below:
Programmes Agency Enterprise Transformation Programmes
1. Enterprise Development Grant (EDG)
2. Enterprise Leadership for Transformation Programme (ELT)
3. Market Readiness Assistance (MRA) Grant
Enterprise Singapore
4. Productivity Solutions Grant (PSG)
Administered by Enterprise Singapore, Singapore Tourism Board, Building and
Construction Authority, National Environment Agency, Infocomm Media Development
Authority, Monetary Authority of Singapore, National Parks Board, Singapore Food
Agency, Early Childhood Development Agency
5. Business Improvement Fund (BIF)
Singapore Tourism Board
6. Aviation Development Fund (ADF)
Civil Aviation Authority of Singapore Workforce Transformation Programmes
1. Skills Framework-aligned courses
[in support of the Industry Transformation Maps]
SkillsFuture Singapore
2. Career Conversion Programmes
[Course fee expenses only. Comprises the Professional Conversion Programmes
(PCP) and Rank and File (RnF) Programmes]
3. Support for Job Redesign consultancy under Productivity Solutions Grant
(PSG-JR)
4. Job Redesign initiatives
[e.g. i4.0 Human Capital Initiative for Manufacturing Sector, Service
Industry Transformation Programme for the Services Sector]
5. Design Thinking Business Transformation Programme
6. Employment Support for Persons with Disabilities (PwDs) – Job Redesign Grant
for Employers
Workforce Singapore
7. Career Conversion Programmes [Course fee expenses only. Comprises the
Professional Conversion Programmes (PCP) and Rank and File (RnF) Programmes]
Employment and Employability Institute
9. Training Industry Professionals in Tourism (TIP-iT)
Singapore Tourism Board
To encourage employers to embark on both enterprise and workforce transformation
programmes in tandem, S$3,000 of the credit can be used for workforce
transformation programmes only. Hence, employers can only use up to S$7,000 of
the credit for enterprise transformation. There is no cap on the amount that can
be used for workforce transformation.
Note:
1. There is no need to apply for SFEC. Your credit will be automatically used
on supportable programmes that you have applied for.
2. Employers will have to meet the eligibility criteria of the individual
SFEC-supportable programmes before they can draw down the credit.
3. Employers newly qualified in 20211 may use their SFEC for supportable
programmes applied from 1 April 2022. Employers who were previously
qualified2 can continue to use their SFEC for supportable programmes
submitted on or after 1 April 2020.
1 Qualifying period: 1 Jan 2021 – 31 Dec 2021
2 Previous qualifying periods were:
a. 1 April 2019 – 31 March 2020
b. 1 July 2019 – 30 June 2020
c. 1 October 2019 – 30 September 2020
d. 1 January 2020 – 31 December 2020
4. Final claims for SFEC-supportable programmes must be submitted to the
respective agencies by 30 June 2024.
Eligibility
Eligible employers have been qualified for SFEC over 5 qualifying periods.
Please refer to the table below for the qualifying periods and the respective
eligibility criteria.
Qualifying Periods Eligibility Criteria SFEC (Budget 2020) 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 must meet the following conditions
over any of the qualifying periods:
* Have contributed at least S$750 Skills Development Levy (SDL) over a
qualifying period; and
* Have employed at least three Singapore Citizens (SCs) or Permanent Residents
(PRs) every month over the same qualifying period; and
* Have not been qualified at any of the earlier periods
All employers have already been qualified and notified.
SFEC Expansion (Budget 2022) 1 January 2021 – 31 December 2021 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.
FAQ
Click here for frequently asked questions on SFEC.
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(Last updated on 18 February 2022 16:15:31)