What is SkillsFuture Funding?
All Singaporeans and Singapore PRs attending as self-sponsored or company-sponsored are eligible for course funding from SkillsFuture Singapore (SSG).
The SSG's funding scheme you are eligible for is part of the SkillsFuture Mid-Career Enhanced Subsidy. Click the right icon to find out more.
It recognises that mid-career Singaporeans may face more significant challenges in training and provides additional subsidies to encourage them to upskill and reskill to adapt to changing job requirements.
Click the two buttons below to view SSG's official web pages for self- and company-sponsored.
What is SkillsFuture Credit?
From 1 April 2020, eligible Singaporeans can start using their one-off SkillsFuture Credit top-up. Remember, this is for individual sel-sponsored only.
A one-off SkillsFuture Credit top-up of $500 will be provided to every Singapore Citizen aged 25 years and above.
Latest: From 1 May 2024, Singaporeans above 40 will receive a top-up of $4,000, which can offset the $1,155 nett fee payment.
Click the button to learn more about the SkillsFuture Credit Scheme.
What is the BCM-8530 Course?
One strength of this course is that upon completion, you will receive the Business Continuity Certified Planner (Audit) or BCCP certification. If you have the necessary experience, you can also apply for another BCCLA certification.
![[BL-A-5] What is a BCM-8530 Blended Learning Course?](https://no-cache.hubspot.com/cta/default/3893111/5aced048-1784-4bf1-9e49-faca9b04f0a2.png)
The ISO22301 Business Continuity Management System Audit course, better known as course code BCM-8530, is a four-day or module advanced level Audit (BA) course with an additional two and a half-hour 100-Multiple Choice Question (MCQ) based examination following successful completion of the course.
It is primarily designed and developed to instil detailed concepts and knowledge in BCM practitioners, enabling the individual to audit the BC programmes or the ISO22301 BC Management System for the entire organization.
![TMM [BL-A-5]](https://no-cache.hubspot.com/cta/default/3893111/e7af9322-15cb-412d-91b6-59cd388ee6e9.png)
Am I Eligible for SkillsFuture Funding?
All Singaporeans and Singapore Permanent Residents (PRs) are eligible for SkillsFuture funding.
Course Fee
The course fee before funding is Singapore Dollar SGD 3,850. This pricing applies to all participants globally participating remotely.
Funding Scheme
All Singaporeans and Singapore Permanent Residents (PRs) are eligible for Skillsfuture Funding.
The funding is applicable for both individual and corporate-sponsored. The tables below provide a detailed breakdown of the funding support for:
- Self-sponsored applicants; and
- Company-sponsored applicants.
Funding Support for Self-sponsored Applicants
| Criteria | Funding Support | Funding and Course Fee Payable |
| Singaporeans 40 years old and above | Up to 70% of nett payable course fees | Funding amount: SGD 2,695 Course fee payable after funding: SGD 1,155 |
| Singaporeans 39 years and below / PRs | Up to 50% of nett payable course fees | Funding amount: SGD 1,925 Course fee payable after funding: SGD 1,925 |
Funding Support for Company-sponsored Applicants
| Criteria | Funding Support | Funding and Course Fee Payable |
| SMEs | Up to 70% of nett payable course fees | Funding amount: SGD 2,695 Course fee payable after funding: SGD 1,155 |
| Non-SME | Up to 50% of nett payable course fees |
Funding amount: SGD 1,925 Note: if the participant is above 40 years of age, the course fee payable after funding is SGD 1,155, even if it is a Non-SME |
Post-secondary Education Account (PSEA)
![[SSG-F][Course Fee Funding] PSEA](https://no-cache.hubspot.com/cta/default/3893111/e1322b7b-4789-4510-8f10-b9964f2cf719.png)
The Post-Secondary Education Account (PSEA) is part of the Post-Secondary Education Scheme, which helps pay for Singaporeans' post-secondary education.
You may use your money to pay the course fee.
Course Fee Payment
Do note that all participants must only pay the net fees after funding before the commencement of the course.
Skillsfuture Funding and SkillsFuture Credit
For those participants who are using the SkillsFuture Credit, this is the structure of the course fee.
| Singaporean Attending 5000 / 8530 Level Course | Course Fee | After SkillsFuture Funding | After SkillsFuture Credit* Claim of SGD 1,000 |
| 40 years of age and above | 3,850 | 1,155 | 155 |
| Below 40-year-old or Singapore Permanent Resident | 3,850 | 1,925 | 925 |
*Skillsfuture Credit depends on the amount left in your MySkillsfuture account.
Frequently Asked Questions
Click the button to learn more about SkillsFuture Funding and all other requirements.
Resource
Goh, M. H. (2016). A Manager's Guide to Auditing and Reviewing Your Business Continuity Management Program. Business Continuity Management Series (2nd ed.). Singapore: GMH Pte Ltd.
Extracted from "[SkillsFuture Funding] What Is The Specific Funding for the Advanced Level ISO22301 BCMS Lead Auditor Course [BCM-8530]?"
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