Ready for the next phase of growth? The Capability Development Grant (CDG) is a financial assistance programme that helps you build capabilities across 10 key business areas, ranging from raising service standards, adopting technology to staff training and overseas expansion. The grant supports a wide range of capability upgrading initiatives to help you grow your businesses locally and globally.
The Capability Development Grant (CDG) aims to support SMEs to scale up business capabilities and ensure business sustainability . You can take on projects in areas like product development, human capital development, business processes enhancements for productivity and business model transformation. The grant defrays up to 70 percent* of qualifying project costs such as consultancy, training, certification and equipment costs.
The application requirements for smaller scale projects, for grant support of S$30,000 or less has also been simplified. You can look forward to more streamlined application forms and documentation requirements.
* SPRING’s enhanced funding support of up to 70% would be effective for three years until 31 March 2018.
Eligibility
- Registered and operating in Singapore
- At least 30% local shareholding
- Group annual sales turnover ≤ S$100m or group employment of ≤200 employees
SPRING will assess the application based on your needs, the project scope and competency of the service provider in improving your business capabilities. All applications are subject to SPRING’s approval.
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