Business Grants

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Enterprise Development Grant (EDG)

Employees discussing about Business Grants

What are some ways your company can benefit from Business Grants?

There are plenty of reasons to implement technology solutions in your company. Perhaps you want to stand out from the competition, or you’re looking for ways to boost productivity. Maybe you’re struggling with employee retention, or perhaps you simply want to improve morale within your organization.

Whatever the reason, ACP can help you with our variety of services and expertise by utilising the business grants.

What does ACP offer?

In ACP, we offer a range of technology solutions like our in-house Learning Management System (LMS), LOOP that can not only help you deliver engaging content to your employees, but also track their progress and ensure they’re retaining the information. What’s more, our learning experts can work with you to develop a custom eLearning solution that fits your specific needs and goals.

How does the Business Grants help enable employees?

If you’re looking for ways to improve your company’s efficiency and effectiveness, we offer services in the form of Content Development upskilling. We also offer services in ICT Support and tools to help boost productivity and content authoring in your company. Combined with ACP’s expertise, we can work with your company to grow and optimise your business.

LOOP solutions is eligible for claiming under the Innovation and Productivity category of the EDG Business Grant to cover up to 70% of project cost. It is also further deductible using SkillsFuture Enterprise Credit (SFEC).

EDG Grant requirements to get up to 70% off

ACP’s Scope

CORE CAPABILITIES

Businesses can strengthen their business foundations and prepare for growth and transformation which goes beyond basic functions such as sales and accounting.  

INNOVATION AND PRODUCTIVITY

Businesses can explore new areas of growth or look for ways to enhance efficiency. Companies could also tap into automation and technologies to boost productivity.

What requirements must I fulfil to be eligible for the EDG Business Grant?

Take that first step with ACP to apply for the EDG business grant to cover up to 70% of the project cost if you fulfil these requirements:

– Business is registered and operating in Singapore

– You have a minimum of 30% local shareholding with group annual sales turnover less than S$100 million, OR less than 200 employees

– LOOP solutions will be used in Singapore

Do note that the approval period ranges from 1 to 3 months. All you have to do is prepare your previous year’s financial statements, sit back, and let us do the rest via Zoom screen-sharing. We will build trust and a bond with you in order to establish a working relationship.

Find Out More

SkillsFuture Enterprise Credit (SFEC)

Employee applying for Skills Future Credits Business Grant

What other business grants are there?

In addition to applying for the EDG business grant with ACP, you can also use the SkillsFuture Enterprise Credit (SFEC). This further encourages employers like you to invest in enterprise transformation and the capabilities of their employees.

Why should I apply for the SFEC business grant?

There are many attractive reasons to apply for the SFEC business grant. If you are an eligible employer, you will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives; which is over and above the support levels of existing schemes. 

This incentivises you to do more for your employees and improve your organisation.

What are the benefits of applying for both the EDG
and SFEC business grants?

Thus, if you are using both EDG and SFEC, these business grants will cover up to 97% of the project cost.
Take the step with ACP and apply for the SFEC if you meet the following conditions over the qualifying period:

– Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and

– Have not been previously qualified for SFEC; and

– Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during qualification.


Do note that newly qualified employers will be notified in April 2022.

How Can ACP Help Your Business With

Re-assessing your common challenges

Re-designing the existing processes

Automating your new processes

What can ACP help you with?

Partner with ACP

To develop and protect your intellectual property such as business knowledge and know-hows.

Contact us today

To learn how your company can leverage on innovation and productivity to enhance and grow by leaps and bounds.

Eliminate the fear in loss of knowledge

Should there be any staff movement. ACP will guide and improve your productivity in these 4 key areas :

Partner with our Practicing Management Consultant:

Knowledge Creation

Knowledge Management

Knowledge Sharing

Knowledge Competency

Partner Now

Don't wait until you are ready to take action.
Instead, take action to be ready.

Concluding Thoughts

During Budget 2022, Minister for Finance, Lawrence Wong, announced that the SkillsFuture Enterprise Credit (SFEC) scheme will be extended to more companies – namely even SMEs– with the qualifying criteria lowered.

This serves as a brilliant opportunity to seize, together with ACP to make the best for your company. Don’t wait until you are ready to take action. Instead, take action to be ready.

Hand shaking on a business grant deal

FAQs for EDG's Business Grant

To qualify, you are required to

  1. Have a registered company and operating in Singapore
  2. Have at least 30% local shareholding
  3. Be in a financially viable position to start and complete the project.

And if you come from a big organisation, your organisation or group holdings should

  1. Have less than $100 million revenue
  2. Employ less than 200 employees.

From 1 April 2023, SMEs can receive up to 50% support for EDG (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026). Please refer to Enterprise Development Grant for more information.

Most projects undertaken by companies should be completed within 12 to 18 months upon successful grant application.

You are advised to keep the project timeline to a reasonable duration, to ensure the outcomes remain relevant in a rapidly changing economic environment.

Enterprise Singapore, ESG in abbreviated form, gives the final green light to all EDG grants.
That really depends on the scope of the project. The grant is correlated to the size of the company in terms of turnover and manpower. We do not have the exact formulae on this. Neither ESG will give you a definite reply on this.
Yes. With effect from 1 April 2020, SMEs will need to commit to improving workers’ outcome, such as creating more jobs or increasing wages.
Depending on the scope of your project, the timeline could range from 3 to 12 months. This includes time to establish proposed objectives and conduct research. Our typical project takes about 3 to 6 months.

From 1 January 2017, if you engage consultants, they need to be certified management consultants. SMEs should ensure that consultants involved in EDG must possess Enterprise Singapore-recognised certification; failing which Enterprise Singapore reserves the right not to support the consultancy fees incurred.

Yes! Consultants from ACP are certified and accredited by Singapore Business Advisors and Consultants Council Ltd and this certification is recognised by Enterprise Singapore.

The application process is not particularly onerous. You can easily apply EDG at Singapore Business Grants Portal.

You need the following:

  1. Your project proposal
  2. Past 3 years audited financial statements (including latest year)
  3. Latest ACRA search results
  4. Our consultant’s proposal and
  5. Our consultant’s certifications
If you already appoint us as your consultant, we will write the project proposal for you.

Normally it takes 6-8 weeks.

In general, no as there is no retrospective funding. It is best to obtain an official letter of offer from Enterprise Singapore before commencing the project.
It means that you should not have already begun on the project before your application has been approved. Neither should you have made payment to service providers or suppliers involved in the project.
After you engaged our consultancy services, we will advise you accordingly how to make a claim.
In theory, there are no restrictions on how many EDG Grants you can apply for. Currently, ESG allows you to apply and work on more than one EDG project at any given time. However, you can only apply for an EDG grant in a specified area once. This means that if you are awarded an EDG grant for Branding and Marketing once, you are no longer eligible for another EDG grant under the same category that is Branding and Marketing. However, you can still apply for EDG grants under other areas.

Productivity Solutions Grant (PSG) is a grant that supports Commercial Off-The-Shelf Solutions (COTS). Basically, COTS are more affordable and require little or no customisation work. It covers up to 90% of the solution cost. Click here more information about PSG. If COTS do not meet your needs and you require a bespoke solution for your business, do contact us!

The latest information can be found on Enterprise Singapore’s website.

Similar to CDG, you can apply EDG at Singapore Business Grants Portal.

On first base, you can either reach out to certified consultants (like us) or SME Centres. We are more than happy to help and answer all your questions regarding EDG. Just fill in the form below.
Business Excellence (BE) certification with the respective Singapore Quality Class (lionhead logo) will cease by end September 2020. Awards under BE will cease immediately. However, SMEs can still apply for Business Strategy under EDG as well as used the BE framework for their business.
ESG will send you a letter of offer if you are successful in applying. You must accept the letter of offer in order to start the project. If you are not successful in the application, ESG will send you an email.
Yes, currently, ESG allows you to make and advance payment claim of up to 20% of the total grant amount. This means you can request for this advance even before paying the invoice.
You can try to make interim claims before full completion. However, this is on a case-by-case basis.
After the completion of the EDG project, an external auditor from a pre-approved panel has to be appointed. The auditor will ensure that the project is completed with proper transfer of monies between parties.
The audit fee is absorbed by ESG. You can claim the audit fee from ESG.

You should make a claim on the Business Grants Portal.

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