Enterprise Singapore (ESG)

Enterprise Development Grant (EDG)

The Enterprise Development Grant helps businesses grow and transform. For businesses looking to embark on projects aimed at business transformation, strengthening business foundations and strategies, or innovation and productivity, the Enterprise Development Grant provides support by covering third-party consultancy fees, software and equipment, and internal manpower cost.

For the Food Services and Retail sectors, the EDG support level will be at up to 80% from 1 April 2022 to 31 March 2023. From 1 April 2023, SMEs can receive up to 50% support for EDG (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026).

Read more here.

Market Readiness Assistance (MRA)

Small and medium enterprises (SMEs) who are looking to expand their business overseas may apply for the Market Readiness Assistance grant, which provides up to 80% support for overseas market set-up, business development, and promotion.

Read more here.

Enterprise Development Grant (Co-Innovation Programme) (EDG (CIP))

The International Co-Innovation Programmes supports projects that foster cross-border collaboration on technology development and co-innovation to assist in business growth and internationalisation.
Companies will have access to existing partnerships with the Eureka Network, France, Germany, Israel, Shanghai, and Zhejiang to co-innovate solutions, test-bed them, and scale up into the region together.

Read more here.

SkillsFuture Enterprise Credit (SFEC)

The SkillsFuture Enterprise Credit provides employers with a one-off $10,000 to cover up to 90% of expenses for initiatives targeted at enterprise transformation and enhancement of employees capabilities.

Read more here.

Productivity Solutions Grant (PSG)

For companies keen on adopting IT solutions and equipment to enhance business processes, the Productivity Solutions Grant will provide a support level of up to 70% from 1 April 2022 to 31 March 2023. For eligible pre-scoped solutions under Food Services and Retail sectors, the enhanced support level will be up to 80% from 1 April 2022 to 31 March 2023. From 1 April 2023, SMEs can receive up to 50% support for PSG.

The grant covers solutions across many industries including the retail sector, plus the general areas of customer management, data analytics, financial management, and inventory tracking.

Read more here.

Enhanced Training Support for SMEs

For SMEs who wish to send their employees for training, the Enhanced Training Support for SMEs offers assistance through:
1) Higher Course Fee Grant: Funding of up to 90% of course fees for eligible courses
2) Absentee Payroll Funding: Standardised at $4.50 per hour

Read more here.

SkillsFuture Singapore – Workforce Singapore (SSG – WSG)

Career Conversion Programme for Retail Industry (CCP-RI)

Career Conversion Programmes are career conversion programmes for mid-career PMETs to undergo skills conversion and move into industries with better prospects and career progression.
The programmes include:
1) Place-and-Train: PMET is hired by employer before undergoing training for new role
2) Attach-and-Train: PMET undegoes training and work attachment before job placement
3) Redeployment / Job Redesign (JR) Reskilling: Existing workers who are at risk of redundancy or in vulnerable jobs due to companies undergoing business transformation will be provided with training for new roles or redesigned job roles

Click here to find out more about the Career Conversion Programme for Retail Industry (CCP-RI) administered by Singapore Retailers Association.

Workfare Skills Support (WSS) Scheme

The Workfare Skills Support Scheme provides Absentee Payroll support, Training Allowance, and a Course Completion Cash Reward for low wage workers who undergo training that will enhance their employability.

Read more here.

SkillsFuture Credit

SkillsFuture Credit aims to encourage individuals to take ownership of their skills development and lifelong learning. Introduced in 2015, all Singaporeans aged 25 and above will receive an opening credit of S$500.

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Absentee Payroll (AP)

AP funding is a grant to help companies defray the manpower costs incurred when they send their employees for training courses funded by SSG. For training outside working hours, AP funding is given to the companies to defray the overtime pay that was paid to your employees.

With effect from 1 Jan 2022, SSG will introduce a fixed Absentee Payroll (AP) rate at $4.50 per hour. There will also be a $100,000 cap on the maximum AP funding each organisation can claim each calendar year to ensure that the benefits are more evenly distributed across companies.

Read more. 

Mid-Career Enhanced Subsidy

The SkillsFuture Mid-Career Enhanced Subsidy supports and encourages lifelong learning and helps Singaporeans stay responsive to a changing workplace. Recognising that mid-career individuals may face greater challenges in undertaking training, the Government has implemented this programme to encourage mid-career Singaporeans to upskill and reskill.

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Inland Revenue Authority of Singapore (IRAS)

Jobs Growth Incentive (JGI)

The Jobs Growth Incentive provides salary support for local hires, up to 12 months for each non-mature hire and up to 18 months for each mature hire.

Ends 31st March 2023.

Read more here.

Singapore Tourism Board (STB)

Business Improvement Fund (BIF)

The Business Improvement Fund (BIF) aims to encourage technology innovation and adoption, redesign of business models and processes in the tourism sector to improve productivity and competitiveness.

Read more here.

Business Events in Singapore (BEiS)

The Business Events in Singapore scheme seeks to encourage the business events industry to anchor and grow quality events as well as catalyse the innovation of new content.

Read more here.

Experience Step-Up Fund (ESF)

The Experience Step-Up Fund (ESF) supports the development and enhancement of tourism experiences that increase the attractiveness of Singapore to visitors, hence improving the overall visitor experience.

Read more here.

Tourism Product Development Fund (TPDF)

The Tourism Product Development Fund (TPDF) supports the creation, development of new tourism products and/or major rejuvenation of existing tourism products to increase Singapore destination attractiveness to visitors.

Read more here.