Budget 2024: SME schemes will drive sustainability but guidance, implementation ‘crucial’
Add BT as a preferred source
Derryn Wong
- 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.
In the Budget speech on Friday (Feb 16), Finance Minister Lawrence Wong announced expansions to several existing SME schemes.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
