The Skills Future Enterprise Credit (SFEC) is a government initiative that helps Singaporean businesses invest in employee training and skills development by covering up to 90% of qualifying costs. This includes workforce training, consultancy services, and capability-building programs that enhance productivity and organizational growth.
Eligible companies must be registered in Singapore and have contributed to the Skills Development Levy (SDL), with proper documentation maintained for claims. SFEC reduces the financial burden of training, improves employee capabilities, and strengthens long-term competitiveness.
To maximize benefits, businesses should align development strategies with eligible programs, maintain thorough records of expenses, and submit claims on time.
JBS Business Advisory team can guide companies in leveraging SFEC effectively, ensuring workforce growth while optimizing government support.
