Visit the MOF website for more information on Budget 2022.
List of Government Assistance related schemes:
Businesses that have adopted digital solutions, can deepen their digital capabilities to build longer term resilience with up to 80% funding support, through the Advanced Digital Solutions (ADS) initiative.
SMEs that are ready to sell overseas can receive funding support when they participate in pre-approved Business-to-Business (B2B) and Business-to-Consumer (B2C) e-commerce platforms with global or regional reach.
The Jobs Growth Incentive (JGI) was announced on 17 Aug 2020 to encourage employers to accelerate their hiring of local workforce by providing wage support, so as to create good and long-term jobs for locals.
One-off cash support to small businesses in sectors that were most affected by COVID-19 Safe Management Measures.
Each eligible firm will receive $1,000 for each local employee receiving mandatory CPF contributions in the period of 1 November 2021 to 31 December 2021, subject to a cap of $10,000 per firm. For sole proprietorships and partnerships that are run by at least one local business owner but do not hire any local employees, the firm will receive a flat payout of $1,000.
The TBLP provides access to working capital for business needs, at a maximum loan quantum of S$3 million with 70% Government risk-share on loans for new applications initiated from 1 April 2020 - 30 September 2022.
TeSA is a tripartite initiative between the Government, industry, and the National Trades Union Congress (NTUC), to build and develop a skilled Information and Communications Technology (ICT) workforce for the Singapore economy, and to enhance employability outcomes for individuals. The key programmes for companies and individuals are supported by IMDA, SSG, and WSG.