Most funding comes with a queue. You complete the forms, submit your documents, and wait for someone to approve them before the window closes. The SkillsFuture Enterprise Credit works the other way around. There is no form to submit and no approval to wait for. The S$10,000 is already sitting in your company’s account, and you never had to chase it.

That is exactly why it gets forgotten.

On 30 November 2026, whatever you haven’t used is gone. As of this Friday, that leaves 136 days. Unused credit isn’t refunded, banked, or carried into the next year; it simply expires.

The money you may already have

The SkillsFuture Enterprise Credit (SFEC) is a one-off S$10,000 credit that covers up to 90% of your out-of-pocket costs on supported programmes and training courses. It applies on top of existing grants, not instead of them.

There was never anything to apply for. Eligible employers were assessed and qualified automatically, then notified – no submission, no approval queue, no waiting list. For most companies, the credit has simply been sitting there for years. Which makes it less a matter of “what you should apply for” and more “what you may already have.”

Why so many miss it

The absence of an application is the whole problem. A grant you apply for comes with a trigger: a deadline you’re working towards, a decision you’re waiting for, a sense that the money is yours because you earned it. SFEC has none of that. The credit arrived without being asked for, so there’s nothing nudging anyone to use it.

The eligibility notification was emailed to a company’s CorpPass administrator, in many cases back in 2020 to 2022. More often than not, it never made its way to whoever actually makes training or software decisions. The result is stark: only around half of eligible companies have used their credit at all.

How to check where you stand

Confirming what you have takes a few minutes:

• Log in to the Business Grants Portal or the SkillsFuture for Business page using Corppass

• Check your SFEC balance – the full S$10,000, or whatever remains, will show there

• If nothing appears, speak to your CorpPass administrator before assuming you don’t qualify; the notification almost certainly went to them

The catch worth knowing

Two things are worth understanding before you plan around the credit.

First, SFEC isn’t a standalone grant. It reimburses your out-of-pocket portion after other support has been applied. Put a S$20,000 project through PSG at 50%, and PSG covers S$10,000 straight away. Of the S$10,000 you’d otherwise pay yourself, SFEC can then reimburse up to 90%. It works hardest stacked on top of another grant, not on its own.

Second, the deadline is real, and it’s commonly misread. A redesigned SFEC arrives on 1 December 2026, giving eligible companies a fresh S$10,000. It’s tempting to assume you can simply wait for that one. You can’t – the two are separate credits. Anything unused from the current S$10,000 is forfeited on 30 November; it does not roll into the new one. Waiting doesn’t top you up. It writes off what you already have.

What you can put it toward

The credit covers two broad categories of spending:

• Enterprise transformation – capped at S$7,000 of the credit

• Workforce transformation and training – no cap on this portion

For most SMEs, that maps neatly onto two things already on the to-do list: digitalising how the business runs and getting the team up to speed on the tools that run it. Moving payroll, leave, attendance, and HR onto a proper platform and training staff to use it well, sits squarely within what SFEC was designed to support.

Under 138 days, and the money’s already yours

There’s no application to lose sleep over and no approval to win. The credit is already in your account. The only open question is whether it gets used before 30 November or quietly written off.

Working out what’s claimable is the easy part. SFEC does its best work layered on top of PSG — PSG cuts the cost of moving your HR and payroll onto JustLogin, and SFEC covers most of what’s left. Check with us on what’s claimable with PSG + SFEC.