SINGAPORE - Small and medium-sized enterprises will be getting more help to access government support, with a new online adviser to point them to schemes most suitable for them.
Ms Low said:"One common feedback we have received from SMEs is their difficulty navigating the suite of available government schemes. They find it hard to find the schemes they can qualify for and know which ones are best suited for their needs." As of July this year, Enterprise Singapore received more than 18,000 applications from SMEs for the Productivity Solutions Grant, as they seek to digitalise their business processes and expand their customer base.The grant defrays up to 80 per cent of the cost of finding digital solutions to make firms more efficient and competitive.
More than 80 per cent of these loans were given to micro and small enterprises with less than $10 million in annual revenue.
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