Yes, eligible employers can receive a one-off SGD $10,000 SkillsFuture Enterprise Credit (“SFEC”) to cover up to 90% of the out-of-pocket expenses on the qualifying costs for supportable initiatives.

• For example, the project scope is SGD $150,000, and the project is approved at 50% with a qualifying cost of SGD $70,000, the out-of-pocket expenses are SGD $35,000. SFEC can be used to cover up to 90% of SGD $35,000 (capped at SGD $7,000).
• Please note that the SGD $7,000 cap applies to all enterprise and workforce transformation programmes which includes PSG, EDG, MRA, ELT, Scale-Up, ADF, and BIF.

Is my company eligible to apply for EDG?

To be eligible, the applicant company must meet the following criteria:

• Entity is Registered & Operating in Singapore for at least 3 years
• At least 30% Local Equity held by Singaporean(s) and/or Singapore PR(s)
• Group Annual Sales Turnover ≤ S$100m or ≤ 200 employees

How much funding is supported under EDG?

• From 1st April 2023, eligible SMEs can receive up to 50% support of the qualifying costs for EDG projects.
• Sustainability-related projects may be supported at up to 70% of the qualifying costs from 1st April 2023 to 31 March 2026.
• Please note that the qualifying project costs include – third-party consultancy fees, software and equipment, and internal manpower costs.

What is the usual duration for EDG projects?

• The duration is highly dependent on the scope of the entire project. It can range from 3 months to 18 months or even more.
• This will be further discussed during the scoping stage after finalising the full project scope.

What documents should I prepare beforehand?

• Past 3 years’ Financial Statements (Balance Sheet and Profit & Loss Statement)
• ACRA Bizfile (Within the past 6 months)
• Past 3 months CPF Contribution

Is my company eligible to apply for MRA?

To be eligible, the applicant company must meet the following criteria:

• Entity is Registered & Operating in Singapore
• At least 30% Local Equity held by Singaporean(s) and/or Singapore PR(s)
• New to Target Overseas Market
• Company annual sales in the target market < S$100,000 in the last 3 years
• Group Annual Sales Turnover ≤ S$100m or ≤ 200 employees

How much funding is supported under MRA?

• Up to 50% of eligible costs for local SMEs
• Capped at S$100,000 per company per new market for supported activities, which include:
  – Overseas market promotion; capped at SGD $20,000
  – Overseas business development; capped at SGD $50,000
  – Overseas market set-up; capped at SGD $30,000
• Additional Note: Each application is limited to 1 activity in a single overseas market

Can my company with an existing overseas presence and/or who had a prior MRA application still apply?

• Yes, if the overseas sales for that market have not exceeded SGD $100,000. The support can continue during the enhancement period from 1st April 2020 to 31st March 2025.
• On the other hand, if the overseas sales for that market have exceeded SGD $100,000, the company will no longer be eligible for any more MRA applications for that specific market.

Can my company submit multiple MRA applications to different new markets concurrently?

• Yes, so long as the new market criteria are met and the projects are within the grant cap.

Is there a max. number of MRA applications a company can apply for?

• No, MRA provides companies with the flexibility to determine the pace of entry into the overseas market.

Is there a specific support period for an approved activity under MRA?

• Yes, 12 months max. support period.

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• Additionally, Heycee CRM users can easily connect their accounts to their WhatsApp Business accounts and Facebook Lead Forms.

Yes, you can simply request for a demo with our staff by filling up this form. (link to Heycee de form)

• Yes, we are open to customisations, subject to additional costs.
• Please contact us via the form or heycee@ceesolution.com to get in touch with our staff so that we can better assist!

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