Do You Have Any Questions?
Find answers to the questions we get asked the most when applying for grants below.
On March 2020, it was announced that EDG grant support will be raised to 90% until December 2020. However, 90% is on a case-by case basis and usually meant for companies adversely affected eg. F&B. For other companies, the grant support level is raised from previous 70% to 80%.
There is no cap amount. However, the amount is directly correlated to your annual turnover strictly based on our experience.
You must be an SME that meets these criteria:
• Registered and operating in Singapore
• Local shareholding of at least 30%
• Be a viable business with track record
In general, startups are not eligible for EDG. They are supported under another programme known as Startup SG. For more information, click here for Startup SG’s website.
If you are a sole proprietor or with less than 3 employees, the chances are reduced when applying for a grant. Consideration is given to companies with plans to expand and hire more staff.
• Last 3 years Profit & Loss Statement and Balance Sheet
• Consulting firm’s proposal
• Consultant’s certification
• Other documents depending on the grants you are applying for
It takes 8 to 12 weeks for a reply. Clarity of proposal and application will hasten the approval process.
You will receive a letter of offer which you must accept within a time frame within the business grant portal. Or you will receive a letter of rejection.
Your company can work with experienced consultants to ensure that your application has all correct relevant information. Activities that are vague or appear to non-relevant to the project may cause delays on project approval and may require more information from vendors before the project can be approved.
Yes, you may apply for multiple projects at the same time. Sufficient internal resources must be available to handle each project. And there must be proof to show that you can fund the project.
Yes. With effect from 1 April 2020, SMEs will need to commit to improving workers’ outcome, such as creating more jobs or increasing wages.
Depending on the scope of your project, the timeline could range from 3 to 12 months. This includes time to establish proposed objectives and conduct research. Our typical branding project takes about 3 to 6 months.
Yes! Consultants from Bluehive Consulting are certified and accredited by TÜV SÜD PSB and this certification is recognised by Enterprise Singapore.
The application process would be complicated for some.
If you have officially appointed us as your consultant, we are more than happy to guide you on the application and take you through the complete process including advising you on the claims process