SINGAPORE: Singapore businesses that want to develop solutions to reduce waste and greenhouse gas emissions may find it easier to gain access to financing via a new government scheme.
For instance, project developers refer to local firms that develop, manufacture, build and operate capital-intensive green projects which incorporate proprietary engineering, technologies or solutions with a “positive environmental impact”. Enterprise Singapore’s chief executive officer Png Cheong Boon said demand for green solutions is set to grow globally.
The Enterprise Financing Scheme-Green will be supported by partner financial institutions, including DBS, HSBC, OCBC and UOB. OCBC said it has seen “strong interest” from SMEs seeking to kick-start and accelerate their green efforts over the past two years, despite challenges from the COVID-19 pandemic.
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