Funding

SSG Funding

SkillsFuture Singapore (SSG) aims to promote a culture and holistic system of lifelong learning through the pursuit of skills mastery, and strengthen the ecosystem of quality education and training in Singapore.

BridgingMinds offers SSG-supported training courses which aligns to the stipulated training framework, with subsidies for trainees possibly covering up to 70% of course fees.

The following subsidy schemes are applicable to Singapore Citizens and Singapore Permanent Residents.

The SkillsFuture Credit can be used to pay for course fee on top of existing subsidies provided by the Government.

With effect from 19 May 2017, all SkillsFuture Credit payments will be made to training providers directly instead of individuals.

Who is it for?
Singaporeans aged 25 and above

How much is the funding?
$500

How to utilise?

Participants may enroll directly with BridgingMinds Network for courses which are SSG-funded.

You are required to log in to your SkillsFuture Credit account to update your profile (if you’re logging in for the first time)

You can apply to pay for your course fee 30 days before course commencement date, or on the first day of course.

Who is it for?
Singaporeans aged 40 years old and above (to be counted based on the year he or she turns 40 years old).

How much is the funding?
Subsidies up to 90% of course fees for SSG-supported courses, or capped at S$50 per training hour, whichever lower.

How to apply?
Participants may enroll directly with BridgingMinds Network. You will only need to pay the nett fee (full course fee after SSG’s grant).*7% GST is tabulated based on full course fee

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?

  1. Enterprise Transformation Schemes by various agencies hosted on the Business Grant Portal (BGP)
  2. Workforce Transformation Training courses aligned to the various Industry Skills Frameworks by SkillsFuture Singapore (SSG), Job redesign initiatives, Career Conversion Programmes, etc by Workforce Singapore (WSG)

The list of SFEC-supportable programmes can be found below:

ProgrammesAgency
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
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 Programme (course fee expenses only)
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
Workforce Singapore
6. 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:

a. A separate application for SFEC is not necessary. ESG will notify all newly eligible employers for SFEC via email sent to their registered CorpPass Administrators.

b. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. The SFEC credit will be automatically deducted for SFEC-supportable schemes or training courses.

c. 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.

Qualifying period: 1 Jan 2021 – 31 Dec 2021

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

d. Employers who have sent foreign employees (excluding Long-Term Visit Pass holders) for training will have to submit the SFEC claims after course completion via the SkillsFuture Singapores's SFEC microsite. If the employees are Singaporean/Permanent Resident employees (including Long-Term Visit Pass holders), please check with the Training Providers on whether there is a need to submit the SFEC claims via the microsite.

e. Final claims for SFEC-supportable programmes must be submitted to the respective agencies by 30 June 2024. Claims can only be submitted for training which has been completed.

Eligibility

Eligible employers have been qualified for SFEC over 5 qualifying periods. Employers that have fulfilled the eligibility criteria for SFEC will be informed by Enterprise Singapore.

Please refer to the table below for the qualifying periods and the respective eligibility criteria.

Qualifying PeriodsEligibility 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.
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 the qualification process.

 

FAQ & Claim Guide

Click here for SFEC Frequently Asked Questions (FAQ)

Click here for SFEC User Claim Guide

For more enterprise programmes and initiatives, visit Enterprise Portal for Jobs & Skills

Small and Medium Enterprises (SMEs)

SME is defined as an enterprise with an annual sales turnover of under S$100 million, or that employs less than 200 employees.Who is eligible?

  • Singapore Citizens
  • Singapore Permanent ResidentsHow much is the funding?

Subsidies up to 90% of course fees for SSG-supported courses, or capped at S$50 per training hour, whichever lower.How to apply?
Participants may enroll directly with BridgingMinds Network. You will only need to pay the nett fee (full course fee after SSG’s grant).*7% GST is tabulated based on full course fee.

Absentee Payroll
S$7.50 per training hour

Multinational Corporations (MNCs)
  • Singapore Citizens
  • Singapore Permanent ResidentsHow much is the funding?

Subsidies up to 50% of course fees for SSG-supported courses, or capped at S$15 per training hour, whichever lower.

How to apply?
Participants may enroll directly with BridgingMinds Network. You will only need to pay the nett fee (full course fee after SSG’s grant).*7% GST is tabulated based on full course fee

Absentee Payroll
S$4.50 per training hour

PSEA

The Post-Secondary Education Scheme helps parents save for their children’s post-secondary education by maintaining a Post-Secondary Education Account (PSEA) for each eligible child. This is part of the Government’s efforts to encourage every Singaporean to complete his post-secondary education. It also underscores the Government’s commitment to support families in investing in the future education of their children, and to prepare them for the economy of the future. PSEA is not a bank account. It is administered by the Ministry of Education and is opened automatically for all eligible Singaporeans.

Participant may also utilise credit from their siblings’ PSEA account if there are insufficient balance in his/her own account.

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Supported Courses:

  • PRINCE2 Foundation
  • ITIL Foundation
  • ITIL Intermediate Lifecycle – Service Operation
  • Project Management Professional (PMP)
  • Certified Information Security Manager (CISM)
  • Certified Information System Auditor (CISA)
  • Salesforce Administration Essentials for New Admins – ADM201
  • Certified Information System Security Professional (CISSP)
  • Palo Alto – Firewall Essential (EDU-210)