It took over some of the functions currently performed by the Singapore Workforce Development Agency (WDA) and absorbed the Committee for Private Education (CPE).

The Government of Singapore invests heavily in education to equip citizens with the necessary knowledge and skills to compete in the global marketplace.

[5] The SkillsFuture initiative was introduced in 2015 to support Singapore's next stage of economic advancement by providing lifelong learning and skills development opportunities for Singaporeans.

[11] SkillsFuture has established a multi-level training system with dozens of initiatives and programs targeting the different skill-training needs of different social groups, such as students and employees in different career stages.

[12] In terms of funding, according to the Singaporean government budget report, a provision of $220 million has been made for SSG in the fiscal year 2018 to implement plans, policies and strategies to support skills development programs under SkillsFuture.