Public-private funding to steer businesses through choppy waters

Singapore

TO SPUR private-sector support for companies amid the Covid-19 outbreak, the Singapore government will match part of the funds raised to support businesses in the year ahead.

Public agency Enterprise Singapore (ESG) will put up to S$1 million into each support fund set up by trade bodies, under the SG Together Enhancing Enterprise Resilience (Steer) scheme launched by Senior Parliamentary Secretary for Trade and Industry Tan Wu Meng on Tuesday.

ESG's 20 per cent fund-matching commitment covers grants to keep businesses afloat, such as working capital; growth efforts, such as branding and market diversificat…

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