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

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Derryn Wong

Derryn Wong

Published Fri, Feb 16, 2024 · 09:23 PM
    • Among the enhanced schemes for SMEs, the Energy Efficiency Grant has been expanded to include data centres and their users.
    • Among the enhanced schemes for SMEs, the Energy Efficiency Grant has been expanded to include data centres and their users. PHOTO: BLOOMBERG

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    • 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.

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    Singapore Budget 2024Singapore SMEs

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