Improve Business Capabilities and Leadership

Enterprise Leadership for Transformation (ELT)

One-year programme that supports business leaders of promising SMEs to acquire business growth and transformation capabilities through executive training, and to develop and implement a business growth plan.
Offers access to an alumni network for peer learning and collaboration.
ELT will be delivered by a network of knowledge partners, financial institutions, and experienced industry partners.

SkillsFuture Enterprise Credit

A one-off S$10,000 credit will help eligible employers cover up to 90% of out-of-pocket expenses for eligible enterprise or workforce transformation schemes.
Employers who have contributed at least S$750 Skills Development Levy (SDL) in total in the preceding 12 months and have at least three Singapore Citizens or Permanent Residents (SC/PR) employed in each of the preceding 12 months will automatically qualify for the credit and be informed.
Valid from 1 April 2020 to 30 June 2023.

Productivity Solutions Grant (PSG)

Greater support for more sector-specific solutions and a wider range of pre-scoped solutions for businesses beyond IT solutions and equipment.
Expanded scope to include job redesign consultancy services.

SUPPLEMENTARY BUDGET

Maximum support level will be raised from 70% to 80% from 1 April 2020 to 31 December 2020.
Expanded scope of solutions to help enterprises implement COVID-19 business continuity measures:
- Online collaboration tools
- Virtual meeting and telephony tools
- Queue management systems
- Temperature screening solutions

Enterprise Development Grant (EDG)

SUPPLEMENTARY BUDGET

Maximum support level will be raised from 70% to 80% from 1 April 2020 to 31 December 2020.
For firms that are most severely impacted by COVID-19, the maximum support level can be further raised to 90% on a case-by-case basis.
Unionised enterprises and e2i partners under the Labour Movement are eligible to receive an additional 10% funding support, subject to NTUC e2i’s assessment.

Learn more about the Singapore Budget 2020.
Overcoming challenges, emerging stronger - discover government initiatives and schemes that will help transform your business.

Supplementary Budget 2020

Learn about the additional measures introduced to help businesses cope with immediate COVID-19 challenges, and press on with enterprise and workforce transformation for long-term growth.

Budget 2020 at a Glance

Find out how new measures will help your business and team prepare for long-term growth and emerge stronger.