News and Information

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The SFEC scheme was announced in Budget 2020 and expanded to a larger group of employers in Budget 2022. The SFEC aims to encourage employers to undertake enterprise and workforce transformation initiatives. Eligible employers will receive additional support for their enterprise and workforce transformation efforts, over and above the support levels of existing schemes. 

The coverage of SFEC was expanded to encourage more enterprises to take up transformation initiatives as employers emerge from the pandemic. Eligible employers can tap on the one-off $10,000 credit (with $3,000 specifically ringfenced for skills training) to cover up to 90% of out-of-pocket expenses for training courses that are aligned to the Skills Framework and funded by SkillsFuture Singapore (SSG).

Employers can also access the updated list of approved training courses on SkillsFuture Singapore’s SFEC microsite. Please check to verify that the course is eligible for SFEC before enrolling your employee in the course. The SFEC supports employers’ investment in their workforce. Thus, employers can decide whether to use SFEC to support the training of their local and/or foreign employees.

The SFEC disbursement amount computation is based on the out of pocket amount incurred by the employer on supportable qualifying costs when undertaking SFEC supportable programmes. The computation for the out of pocket amount would be: [Supportable qualifying costs – grant amount].

Newly qualified employers under the SFEC Expansion may use their SFEC on supportable schemes applied from 1 April 2022 or training courses that commences from 1 April 2022. There is no need to apply for SFEC. Employers that have fulfilled the eligibility criteria for SFEC will be informed of your eligibility by Enterprise Singapore.

Note: There will not be a top-up for employers that have previously qualified for SFEC.

SCCIOB has a number of progranmes that qualify for SFEC support. For more information on the programmes available and your company's eligibility, please call us at 6334 1080 or drop us an email at enquiry@scciob.edu.sg