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SINGAPORE BUDGET 2024
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Budget 2024: SME schemes will drive sustainability but guidance, implementation ‘crucial’

Derryn Wong
Published Fri, Feb 16, 2024 · 09:23 PM
  • Energy Efficiency Grant expanded to manufacturing, construction, maritime as well as data centres and their users; new advanced tier

  • Partnerships for Capability Transformation (PACT) to cover capability training, internationalisation and corporate venturing.

  • Enterprise Financing Scheme - Green extended, expanded

IMPROVEMENTS to existing schemes will help small and medium-sized enterprises (SMEs) pursue sustainability and partner multinational enterprises (MNEs), said industry watchers.

But they noted that many SMEs may not be able to maximise the benefits – and guidance for those who do qualify remains important.

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