LEVEL OF SUPPORT
Successful applicants will receive funding support of up to 70% of qualifying costs, subject to the scope of the project and STB's evaluation of the merits of the project. Qualifying costs include manpower-related costs, professional services, equipment and materials, business development costs and training costs. The exact costs to be qualified will be based on STB's assessment of each project.
Each application will be assessed on a case-by-case basis. Generally, we would take into account various factors including, but not limited to, the association's financial position and operating track record, developmental plans for the industry or precinct, and the nature of the projects.
Interested associations should email to
STB_Incentives@stb.gov.sg with a brief description of the association's aims and the proposed projects, and an STB officer will be in touch to assist you further.
Prior application and approval for the grant must be attained before the commencement of the project(s).
DISBURSEMENT OF GRANT
Grants will be disbursed to successful applicants on a reimbursement basis, subject to achievement of the agreed project deliverables and milestones. Applicants are required to submit third-party audited documents on qualifying costs for the disbursement of grants, unless otherwise stated.