{"id":533,"date":"2021-12-21T07:52:44","date_gmt":"2021-12-21T07:52:44","guid":{"rendered":"https:\/\/corsivalab.com\/my\/?p=533"},"modified":"2021-12-21T07:52:05","modified_gmt":"2021-12-21T07:52:05","slug":"small-business-singapore-grants-and-why-you-need-to-apply","status":"publish","type":"post","link":"https:\/\/corsivalab.com\/my\/small-business-singapore-grants-and-why-you-need-to-apply\/","title":{"rendered":"Small Business Singapore Grants and Why You Need to Apply"},"content":{"rendered":"

Grants in Singapore for Small and Medium Enterprise (SME) are a great way to kick-start businesses again or keep currently running businesses afloat.<\/p>\n

COVID-19 has caused rising unemployment and consumer spending decline, and with job losses and a decline in consumer spending, businesses have been struggling, and the competition is harder than ever. Over the past few months, a lot of businesses closed down due to difficulty in sustaining their costs.<\/p>\n

As COVID-19 cases begin to wane and businesses begin to reopen, they\u2019re going to be needing all the help that they can get. Applying for grants provides businesses with the much-needed leverage they can to sustain themselves.<\/p>\n

COVID-19 Supper Measures<\/h4>\n

In April, 8,500 businesses closed down in Singapore. More businesses are closing down because of the recession. As a result, Singapore introduced additional support measures to help keep businesses afloat during these times.<\/p>\n

Through the S$33 billion Fortiture Budget, Deputy Prime Minister Heng Swee Keat introduced additional support measures. Most of these target SMEs and aim to help them survive COVID-19. The government, alongside Unity, Resilience, and Solidarity Budgets, is allotting S$100 billion.<\/p>\n

Why You Need to Apply for Grants Singapore<\/h4>\n

Owning and managing a business isn\u2019t an easy task, and thank\u2019s to COVID-19, it\u2019s become so much harder. A lot of businesses are closing down, and the remaining businesses around are having a hard time competing with each other because of the decrease in consumer spending.<\/p>\n

The SME Grants Singapore is a great way to give your business an edge. There are several grants for specific sectors like the Market Readiness Assistance (MRA) Grant, designed for Small and Medium Enterprises that plan to scale overseas, Specialised Cleaning Programmes, or even Productivity Solutions Grant (PSG) that\u2019s intended for IT solutions and equipment needs.<\/p>\n

Applying for these grants provides you with benefits like support for overseas market set-up, identification of overseas business partners and overseas market promotion, or even up to S$3,000 worth of eligible third-party professional cleaning and disinfection costs. With these in hand, it will be easier to start or reopen your business.<\/p>\n

What Do I Apply For Small Business Singapore Grants?<\/h2>\n

As of the moment, there are five options for Grants in Singapore for Small and Medium Enterprises (SME).<\/p>\n

1.\u00a0Specialised Cleaning Programme<\/a><\/h3>\n

This program supports Small and Medium Enterprises that have confirmed COVID-19 cases within their premises. The grant defrays 50% of the disinfections costs at a cap of S$3,000 per company.<\/p>\n

Criteria for eligibility:<\/p>\n