Companies embarking on capability development projects for growth can defray eligible costs with the CDG.
The Capability Development Grant (CDG) and Global Company Partnership (GCP) Grant will be streamlined into a single grant, the Enterprise Development Grant (EDG). EDG will be made available for companies to apply through the Business Grants Portal, with effect from 2H 2018.
Purpose of the Scheme
Businesses can obtain grant support for their capability upgrading efforts in these 10 development areas:
- Product Development
- Branding & Marketing
- Business Excellence
- Business Model Transformation
- Standards Adoption
- Financial Management
- Human Capital Development
- Intellectual Property
- Enhancing Business Processes for Productivity
- Service Excellence
Small and medium enterprises (SMEs) that meet the following criteria are eligible:
- Registered and operating in Singapore
- At least 30% local shareholding
- Group annual sales turnover ≤ S$100m or group employment of ≤ 200 employees
You may get up to 70% funding support of qualifying project costs such as:
- Equipment costs
To encourage more SMEs to build business capabilities, the application process for grant support of S$30,000 or less has been simplified. You can look forward to simpler application forms and reduced documentation requirements for such projects.
- Please check that you are eligible to apply for CDG and identify the development area relevant to your project.
- For more details on the application process, please see Capability Development Grant on Enterprise Singapore website.
- With effect from 1 January 2017, SMEs applying for CDG support for consultancy-related costs will have to engage management consultants who possess Enterprise Singapore-recognised certification. If you are engaging management consultants for your project and would like CDG support for the consultancy-related costs, please ensure that all consultants engaged possess Enterprise Singapore-recognised certification. Click here for more information on the Enterprise Singapore-recognised certification and to access lists of certified management consultants.
- Management consultancy is typically defined as the process of gathering and analysing relevant data, diagnosing operational and/or business issues, designing and recommending appropriate solutions to improve company’s performance. Individuals involved in such activities for SMEs’ upgrading projects supported under CDG need to possess Enterprise Singapore-recognised certification failing which Enterprise Singapore reserves the right not to support their consultancy fees.
- Other members or specialists in the team who are not providing management consultancy services but conducting dedicated functions such as, but not limited to, market research, audit, fieldwork, design/artwork, equipment installation and drafting of legal agreements need not be certified.
For More Info
For CDG projects approved and completed between 1 July 2016 to 30 June 2019, if the CDG projects also lead to a positive impact on older workers, the employers may apply for WorkPro Job Redesign (Rider) upon the completion of the CDG projects. The WorkPro Job Redesign (Rider) can top-up grants of up to 80% of the qualifying project cost (nett of existing CDG obtained), or up to $20,000 per older worker who has benefited, whichever is lower.
For more information about WorkPro, please visit Workforce Singapore website.