Navigating Singapore’s vibrant business environment requires adept utilization of supportive initiatives tailored to bolster entrepreneurial ventures. Central to this support are the Productivity Solutions Grant (PSG) and the SkillsFuture Enterprise Credit (SFEC), two cornerstones of Singapore’s commitment to enhancing business capabilities and fostering innovation. While PSG empowers enterprises to embrace productivity-enhancing solutions, SFEC champions the development of a skilled workforce crucial for sustainable growth.
If your company applies for the Productivity Solutions Grant (PSG), the SkillsFuture Enterprise Credit (SFEC) grant will be automatically provided, assuming eligibility criteria are met.
How to check for SFEC Grant
As there is no separate application process for SFEC, to verify your eligibility and view SFEC status, simply log in to https://www.businessgrants.gov.sg/ using your CorpPass.
Once you have successfully logged in, you may see the SFEC menu as below under the Applications tab. Click on the View My SFEC Details button:
3. By clicking the button, you will be able to see more information pertaining to the Ref ID, Scheme, Approved Amount, and the Status of the disbursement:
Additional Information on SFEC Disbursement:
The SkillsFuture Enterprise Credit (SFEC) is disbursed directly to eligible employers quarterly.
Employers receive email notifications through CorpPass Administrators upon successful disbursement of the credit.
SFEC disbursements are separate from those of base SFEC supportable programs.
Disbursements are made to employers’ bank accounts from IRAS, prefixed either as "SFEC" (PayNow) or "SkillsFuture Enterprise Credit" (GIRO), following approval of final claims for base supportable programs.
For inquiries regarding SFEC disbursement, please contact Enterprise Singapore at 6898 1800 or submit an inquiry here.
For more detailed information on the SFEC program, refer to the SFEC FAQ document.
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