The NTUC Enhanced Enterprise Development Support (NEEDS) is a fund managed by e2i that provides additional funding support of 10% of qualifying project costs for Unionised Companies and Labour Movement Partners who qualify for the Enterprise Development Grant (EDG).
NTUC Enhanced Enterprise Development Support (NEEDS) application is closed at the moment due to high interest and applications from unionised companies and Labour Movement Partners beyond the funding set aside. We will update here once NEEDS is opened for application in due time. Thank you for your interest.
Enterprise Development Grant
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. Companies looking for more support as they undertake deeper transformation in business upgrading, innovation and internationalisation can consider applying for the grant.
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
As announced at Supplementary Budget 2021, the enhanced maximum support level of up to 80% will be extended from 30 September 2021 to 31 March 2022.
To qualify for the EDG, you need to:
Be a business entity registered and operating in Singapore
Have a minimum of 30% local shareholding
Be in a financially viable position to start and complete the project
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
From 1 April 2020, all EDG applications should include commitments to worker outcomes as part of the qualifying requirements. Worker outcomes include increase in wage increment, job creation, job re-design, or training for existing staff.
In addition, unionised companies and e2i partners under the Labour Movement are eligible to receive an additional 10% funding, subject to NTUC-e2i's endorsement.
NTUC Enhanced Enterprise Development Support
Budget 2021 for businesses: Booklet