New S$70m scheme for eateries, retailers; S$50m campaign for heartland shops

F&B, retail businesses to enjoy maximum support level of 80% for the two schemes

Annabeth Leow

Published Sat, Mar 5, 2022 · 05:50 AM

Singapore Budget 2022

Singapore

THE retail and food and beverage (F&B) industries are set to get S$70 million more in business support, said Minister of State for Trade and Industry Low Yen Ling.

Heartland enterprises, as well as trade associations and chambers (TACs), are other intended beneficiaries of initiatives that she announced on Friday (Mar 4) at the Ministry of Trade and Industry's Committee of Supply debate.

F&B and retail businesses are set to qualify for a higher level of funding from the Productivity Solutions Grant and Enterprise Development Grant scheme…