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%.
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Do You Have Any Questions?
Find answers to the questions we get asked the most when applying for grants below.
- 1. How much can be the EDG Grant support up to?
- 2. What is the EDG Grant Support about?Click here to find out more.
- 3.What are the supportable areas?Click here to find out more.
- 4. What is the maximum amount I can apply?There is no cap amount. However, the amount is directly correlated to your annual turnover strictly based on our experience.
- 5. What are the criteria for applying EDG Grant?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
- 6.Can startups apply?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.
- 7.What if I am a one-man show?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.
- 8.What documents should I get ready?• 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
- 9.How long will it take for my grant to be approved?It takes 8 to 12 weeks for a reply. Clarity of proposal and application will hasten the approval process.
- 9. How do I know if I get the EDG grant?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.
- 10. How can I increase chance of approval?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.
- 11. Can I apply for more than 1 project at the same time?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.
- 12. Where do I apply for EDG?Apply directly at Business Grants Portal.
- 13. Is there a KPI (Key Performance Indicator) for an EDG 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.
- 14. How long does a typical EDG project take?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.
- 15.Are Bluehive consultants certified?Yes! Consultants from Bluehive Consulting are certified and accredited by TÜV SÜD PSB and this certification is recognised by Enterprise Singapore.
- 16.Is the application process easy?The application process would be complicated for some.
- 17.It looks complicated. Can you help us fill the application form?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
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