Age Management Grant

The Enterprise Development Grant (EDG) supports companies in their pursuit for deeper growth and transformation in business upgrading, innovation and internationalisation.

FOR WHO ?

All legally registered private or public organisations including non-profit and public sector organisations
Organisations who have at least FIVE paid employees above 40 years old
Organisations who would like to promote Work-Life Policy in the organisation

FOR WHAT ?

To encourage organisations to acquire the necessary skills and knowledge on age management practices

HOW MUCH ?

The grant will subsidies up to a maximum of S$20,000 per organisation. It consists of 2 tranches,

1st tranche (S$5,000)
2nd tranche (S$15,000)

1st Tranche

Maximum of S$5,000 per organisation, and fulfil the following requirements :

1) Submit the following,

Details of company re-employment policy that has been aligned to TripartitieGuildlines, and proof that the policy has been communicated to all staff
Name list of all employees aged 40 and above

2) Offer eligible employee re-employment in line with Tripartite Guidelines

3) At least one supervisory staff of company to attend a one-day job redesign and process improvement course

4) HR staff of company to attend a one-day age management course (eg. Fair employment, re-employment and etc)

2nd Tranche

Maximum of S$15,000 per organisation, and fulfil the following requirements :

Sign the TAFEP fair employment pratices pledge;
Organise at least one health programme for mature employees
Adopt any two age management practices

SHOULD YOU INTERESTED TO FIND OUT MORE INFORMATION ON THE ABOVE SCHEME, PLEASE CONTACT

Woon Woon – 9824 1643

Core Capabilities

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

Innovation and Productivity

Projects under Innovation and Productivity support companies that are exploring new areas of growth, or looking for ways to enhance efficiency. These include reviewing and redesigning of workflow and processes. Companies can also tap into automation and technology to enhance the efficiency of routine tasks.

Market Access

Projects under Market Access support businesses that are exploring to venture overseas. The EDG can help to defray some of the cost incurred when expanding into overseas markets.

*Note: As of 1 April 2020, all applications for EDG should include commitment to worker outcomes as part of the qualifying requirements. This will include wage increment, job creation, job redesigns or training for existing staff.

WHAT CAN BE SUPPORTED?

Qualifying project cost that is related to software and equipment, third party consultancy and internal manpower can be supported. As announced during the Supplementary Budget 2020, for the period 1 April 2020 to 31 December 2020, the maximum level of support will be enhanced to 80%. For businesses that have been very badly affected by the COVID-19 pandemic, the maximum level of support may even be raised to 90%, depending on a case-by-case review.

WHO IS ELIGIBLE?

To qualify for EDG, companies must fulfil the following conditions: -Be registered and operating in Singapore -Have a minimum 30% local shareholding with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employees -Be in a financially viable position to start and complete a project Should you require more information on the application process for the Enterprise Development Grant, please contact Woon at 9824 1643 or email woon@361dc.com.