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Singapore

Budget 2022 For Businesses

Tea Plantation

Supporting Schemes For Businesses

Target to develop future-ready enterprises and seize growth opportunities. 

Investing In Capabilities & Innovation

  • S$200mil support for building digital capabilities.

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  • R&D & innovation collaborations between SMEs, polytechnics & ITE.

Strengthening Local Enterprises

  • S$600m to help businesses scale up digital & automation solutions.

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  • Support for promising local companies to innovate, internationalize & attract local talent.

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  • Expanded financing schemes for enterprises.

Jobs & Business Support Package

  • S$500mil jobs support for businesses.

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  • Grants for SMEs in sectors affected by Covid-19 measures.

What Does It Mean For Your Businesses

Budget 2022 introduces new and enhanced initiatives is to address the challenges facing us and equip businesses with digital capabilities and crystalize innovation to advance Singapore’s green transition to develop the future-ready workforce to seize growth opportunities.

 

The enhanced initiatives are helping to tackle the challenges and take opportunities ahead and as well to excel in a changing global landscape.

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01.

Business Capabilities - Develop your strengths.

04.

Sustainability - Capture green opportunities.

02.

Innovation - Crystalize new products & services.

05.

Financing Loans Support - Enhanced financing to expand & scale.

03.

Human Capital - Motivate and up-skilled your workforce.

06.

Support for business recovery - Extended target financial supports.

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