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As a global leader and financial hubspot in Asia, Singapore unveiled during the Budget 2022 event the new initiatives aimed to restructure the economy and solidify its stature in the world.
The new initiatives will enable eligible businesses to explore untapped market opportunities. The program will also ensure businesses rise up to the challenge of fast-changing business landscape by investing in digital technology, innovations, and upskilling of talents among others.
Further, to speed up the recovery of challenged segments of the economy, a number of initiatives are also in store to provide targeted assistance to eligible businesses.
The Our Heartlands 2025 Programme was developed by Enterprise Singapore. Relevant information about the programs such as Heartlands Go Digital Programme and Visual Merchandising Programme can be accessed through the links provided.
However, the Our Heartlands 2025 Programme will continue to provide support to eligible businesses through the following:
New initiatives will be launched such as Food Services and Retail Business Revitalisation Package, Singapore Global Enterprise (SGE) Initiative, Trade 2030 Strategy, and Trade Associations and Chambers (TACs) Partnerships. The details of each initiative is specified below.
A. Food Services and Retail Business Revitalisation Package
Application period for this package begins on 1 Apr 2022 until 31 Mar 2023. This package will prioritize the following:
Businesses are encouraged to inquire about Productivity Solutions Grants and Enterprise Development Grant through the links provided.
B. Singapore Global Enterprise (SGE) Initiative
Promising local enterprises will be prioritized to make them become part of the Singapore Global Enterprise. Businesses affiliated to SGE are recognized locally and around the world. Assistance will be channeled through (a) developing global-ready executives; (b) creating new corporate ventures; (c) facilitating mergers & acquisitions; and (d) creating enhanced access to financing.
Under this initiative, local businesses can enjoy the Singapore Global Executive Programme (SGEP) which will prepare them to go global through the following:
C. Trade 2030 Strategy
This program aims to augment all aspects of trading and introduce Singapore to the world in the trading industry. Companies will get the support of Singapore to further intensify the trading industry. Employees working in the trading industry will also be empowered through upskilling efforts.
This will be carried out through these activities:
D. Trade Associations and Chambers (TACs) Partnerships
This initiative covers these programs such as Digitalisation of TACs (Digi-TAC) Programme, TAC Fellowship Programme for Leadership Development (TFP), and TAC Leadership Accelerator Programme (TLAP). Its main goal is to solidify the business relationship with key intermediaries and multipliers.
Digitalisation of TACs (Digi-TAC) Programme will assist the shift to digital technology through: