Enhanced Training Support for SMEs

Enhanced Training Support for SMEs

img2

What is Enhanced Training Support for SMEs?

Recognizing the challenges that small and medium enterprises (SMEs) may face in sending their employees for training. The Enhanced Training Support for SMEs (ETSS funding) offers support to send their employees for training.

Grants are available for SMEs companies by sponsoring employees who are either a Singapore Citizen or Permanent Resident, including:

circle1

Higher Course Fee Grant:

SMEs enjoy SkillsFuture Funding of up to 90% of the course fees when they sponsor their employees to attend courses supported by SkillsFuture Singapore (SSG)

circle2

Enhanced Absentee Payroll (AP) Funding:

SMEs may claim AP funding of 80% of basic hourly salary at a higher cap of $7.50 per hour, an increase over the normal cap of $4.50 per hour.

ELIGIBILITY CRITERIA FOR ENHANCED TRAINING SUPPORT FOR SMES

Registered or incorporated in Singapore

At least 30% local shareholding by Singapore Citizens or Singapore Permanent Residents

Employment size of not more than 200 (at group level) or with annual sales turnover (at group level) of not more than $100 million

SME-SPONSORED TRAINEES:

circle3

Must be Singapore Citizens or Singapore Permanent Residents.

circle4

Courses have to be fully paid for by the employer.

circle5

Trainee is not a full-time national serviceman.

Further Info: This scheme is intended for all organizations, including non-business entities not registered with ACRA e.g. VWOs, societies, etc. Only Ministries, statutory boards, and other government agencies are not eligible under Enhanced Training Support for SMEs Scheme. Sole proprietorships which meet all of the above criteria are also eligible.

124_600x600

SkillsFuture Funding for Employers

These include the following courses:

    • SSG-supported short courses offered by the Autonomous Universities;
    • Part-time Diploma, Advanced Diploma, Specialist Diploma, part-time Industry Skills Certificates (ISC), part-time NITEC, part-time Higher NITEC, and SSG-supported short courses offered by the Polytechnics and ITE.
woman

REVISIONS TO ABSENTEE PAYROLL FUNDING

From 1 January 2022, Absentee Payroll (AP) funding will be revised. The revised Absentee Payroll rate will be fixed at $4.50 per hour and there will be a $100,000 cap on the maximum Absentee Payroll funding each company can claim for each year.

Absentee Payroll funding under the Workfare Skills Support (WSS) Scheme, which is currently at 95% of hourly basic salary will remain unchanged. Claims under the WSS AP funding will not count towards the $100,000 cap per company.

Please also take note of SkillsFuture Funding Adjustment beginning Jan 2022.

woman