What is the Enterprise Development Grant Programme for SMEs?

Today and into the future, companies that thrive are the ones that have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence.

The Enterprise Development Grant (EDG) helps Singapore companies grow and transform.

Projects under Core Capabilities help businesses prepare for growth and transformation by strengthening their business foundations. These should go beyond basic functions such as sales and accounting.

To optimise your company’s financial performance in order to support corporate strategy and growth and/or equip your management team with the right competencies so they can be good stewards of your company’s assets and resources.

The grant funds up to 70% of qualifying project costs namely third party consultancy fees, software and equipment, and incremental internal manpower cost.

To qualify for the EDG consultancy project, your company must meet these criteria:

• Be registered and operating in Singapore
• Have a minimum of 30% local shareholding

Be in a financially viable position to start and complete the project. Under the scope of a EDG consultancy project with Forvis Mazars, a company can expect the following tangible benefits:

• Stronger cost structure and resilience
• Optimisation of organisation structures and unlock potential savings
• Insights-based decision making
• Enhanced understanding of key financial drivers and strategic planning issues
• Defined objectives to drive strategic business growth

Therefore, whether a company is looking to evaluate the current state of its business or preparing for the next stage of growth, an engagement in a EDG project could bring potential revenue enhancements and cost-savings.

For more information, please visit Enterprise Singapore. Alternatively, you may contact us at contact@mazars.com.sg