The Committee on the Future Economy recognises that small and medium enterprises (SMEs) are an important pillar of our economy. SMEs make up 99% of Singapore companies, contributing 50% of our GDP. A more vibrant SME scene will generate both growth for Singapore and jobs for Singaporeans. They can take the lead in coming up with “world’s first solutions” to take advantage of changing global demands.
That is why, Singapore has been working with industry partners to help SMEs build business capabilities, drive productivity and internationalise, according to Trade and Industry Minister S Iswaran.
Support measures include the SME Working Capital Loan to help local enterprises access unsecured capital and the Capability Development Grants to upgrade their capabilities.
SME Working Capital Loan
Introduced this year during Singapore Budget 2016, the SME Working Capital Loan helps SMEs access unsecured working capital loan of up to S$300,000. Find out more about the SME Working Capital Loan here.
Capability Development Grant
The Capability Development Grant helps SMEs to level up their capabilities in 10 key business areas:
Learn how CDG – Capability Development Grant and how management consultant could assist you.
Business process, technology and innovative is the way to go. Contact us and learn how now.
Story extracted from http://www.gov.sg