The Enterprise Development Grant (EDG) helps Singapore Companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas.
Small Medium Enterprise who is interested in defraying costs for HR Consultancy may be eligible for this grant offered by Enterprise Singapore (ESG) which covers up to 70% of cost.
This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars:
Projects under Core Capabilities help businesses prepare for growth and transformation by strengthening their business foundations. These should go beyond basic functions such as sales and accounting.
2. Innovation and Productivity
Projects under Innovation and Productivity support companies that explore new areas of growth, or look for ways to enhance efficiency, or optimise resource usage to improve their sustainability performance. These could include reviewing and redesigning workflow and processes. Companies could also tap into automation and technologies to make routine tasks more efficient and sustainable.
3. Market Access
Projects under Market Access support Singapore companies that are willing and ready to venture overseas. You may tap into the EDG to help defray some of the costs of expanding into overseas markets.
To qualify for the EDG, you need to:
- Be a business entity registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Be in a financially viable position to start and complete the project
- Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise
transformation and capabilities of their employees.
Eligible employers will receive a one-off S$10,000 credits to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of
SFEC supports the following Programmes:
Programmes that support enterprise transformation
Job redesign initiatives, and curated training programmes by SkillsFuture Singapore and Workforce Singapore, such as training courses aligned to the Skills Framework, Professional Conversion Programmes and sector-specific programmes
The list of SFEC-supportable programmes are as below:
1. Enterprise Development Grant (EDG)
2. Enterprise leadership for transformation programme (ELT)
3. Market Readiness Assistance (MRA) Grant