Government Grants
There are many government grants available, especially at this moment with the COVID-19 pandemic affecting many businesses.
We always get overwhelming looking at all the grants on the websites. One can easily get lost with all the different websites, which had many links leading to more sites!
You should be looking for that one single website from the government website (gov.sg) that summarizes all the grants available in one page!
To make thing easier for you, we have summarized a few grants that your company may consider to apply it to help your business.
Popular Accounting Software Supported By Government Grant
MoneyWorks accounting software is a Productivity Solutions Grant (PSG) pre-approved solution.
PSG supports up to 80% of qualified costs to help companies kick-start their digitalization journey.
How Can We Help?
Need help to with Government Grant
How to complete the grant application
Government grants that can help your business
Helping SMEs have always been a service we render. There are so many business owners who needed help and clueless about where and how to get the government grants. We are experienced grant consultant and we try our best to give the advice and help needed…
To apply for the Productivity Solutions Grant, you have to identify which solution is applicable to which you want to acquire; then get quotations from a vendor. You can access to the IT solutions and vendors have been pre-qualified under the grant…
You want to grow your business to the next level but you need help in financial or capability. There are many government grants that can help business owner in Singapore. Let us show you the whats and hows, and we can advise you with the relevant grant application process and seek .the highest support possible…
Government Grants And Funding Support For SMEs
Productivity Solutions Grant (PSG)
Type of Grant
The Productivity Solutions Grant (PSG)
Objective
The PSG supports companies looking to adopt specific productivity solutions or equipment.
Funding support
The maximum funding support level was raised from 70% to 80% from 1 April 2020 to 31 March 2022.
How to apply?
Access the list of supportable solutions eligible for your sector and identify relevant solutions that best suit your business needs.
For IT solutions: Get a quotation from the pre-approved vendor
For Equipment: Source for the equipment and get a quotation from the vendor
For Consultancy Service: Get a quotation from the pre-approved consultant
Grant supports
Enterprise Development Grant (EDG)
Type of Grant
Enterprise Development Grant (EDG)
Objective
To support the growth and transformation needs of companies.
Funding support
Successful EDG grant applications that can achieve up to 80%.
How to apply?
Submit individual project proposals with details on the business plans and project outcomes for evaluation.
Do not required to engage the pre-approved consultant for the application.
Only need certified EDG Consultants if you are applying for the EDG Grant for Consultancy related costs.
Grant supports
What Is Jobs Growth Incentive (JGI)?
JGI supports gross monthly wages for new local hires and mature local hires aged 40 and above, PwDs or ex-offenders
Extension of Job Growth Incentive (JCI)
Important Note: This Table only shows the qualifying window of Phase 3.
Phase 3
New qualifying window to support hire locals
Up to 15% of the first $5,000 gross monthly wages for 6 months (aged below 40)
Up to 50% of the first $6,000 gross monthly wages for 12 months (aged 40 and above)
What Is Career Conversion Programs (CCP)?
ONE of the Benefits of CCPs is:
Tap on Government funding through Course Fee Grant and Salary Support / Training Allowance
*Our company had enjoyed the monthly salary support funding from CCP to hire new local employees
This Is A Salary Support Funding Your Business Should Consider To Apply!
Career Conversion Programmes (CCPs) are for mid-career individuals to undergo skills conversion and move into new occupations/sectors that have good prospects, and opportunities for progression. WSG offers about 100 CCPs to support mid-career individuals in career conversion. Through CCPs’ training, companies will have a wider pool of candidates for hiring.
There are 3 modes of CCPs:
1. Place-and-Train: Mid-career individual is hired by participating company before undergoing training to take on a new job role.
2. Attach-and-Train: Mid-career individual is provided with training and work attachments, prior to job placement.
3. Redeployment / Job Redesign (JR) Reskilling: Targeted at companies that are undergoing business transformation, and where their existing workers are at risk of redundancy due to the transformation. These workers will be provided with training to take on new job roles/redesigned job roles within the same company.
A Salary Support Funding Your Business Should Consider To Apply!
*Our company had enjoyed the monthly salary support funding from CCP to hire new local employees
CCP Is A Funding Support Your Business Should Consider To Apply!
Funding Support
Place-and-Train CCPs / Redeployment / JR-Reskilling CCPs
WSG’s Funding to Employers
Standard Rate
(SCs/PRs below age of 40)
Enhanced Rate
Salary Support^
Up to 70% of
Monthly Salary for
CCP
training duration
(capped at $4,000 per
month)
Up to 90% of Monthly Salary for
CCP
training duration
(capped at $6,000 per month)
For Long-term Unemployed
5
Singapore Citizen (SC) trainees
or
Mature6 SC trainees
Course Fee Subsidy#
Up to 70% Course Fees*
Up to 90% Course Fees7*
For SC/Permanent Resident (PR)
trainees sponsored by SMEs
or
Mature SC trainees
CCP Eligibility Criteria
Interested mid-career individuals and companies will need to meet the following criteria:
Mid-career individuals:
- Singapore Citizen or Permanent Resident
- Minimum 21 years old
- Graduated or completed National Service, for at least 2 years
- New job role trained for under the CCP should be substantially different from previous job role(s), hence requiring reskilling for career conversion
- Able to commit to full-time employment or attachment in a participating company
Update On Government Grants
If you want to have an update on the latest government grants or FREE grant consultancy service, please email us your request.
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