{"id":5830,"date":"2021-08-25T16:07:14","date_gmt":"2021-08-25T16:07:14","guid":{"rendered":"https:\/\/www.terra.systems\/?page_id=5830"},"modified":"2021-08-25T16:11:04","modified_gmt":"2021-08-25T16:11:04","slug":"enterprise-singapore-esg-enterprise-development-grant-edg-frequently-asked-questions-faq","status":"publish","type":"page","link":"https:\/\/www.terra.systems\/index.php\/enterprise-singapore-esg-enterprise-development-grant-edg-frequently-asked-questions-faq\/","title":{"rendered":"Enterprise Singapore (ESG) Enterprise Development Grant (EDG) Frequently Asked Questions (FAQ)"},"content":{"rendered":"\t\t
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We are experienced consultants who\u00a0have been administering Capability Development Grant (CDG) by SPRING. We\u00a0hope to give you\u00a0the latest updates on the new grant, Enterprise Development Grant (EDG) by Enterprise Singapore.<\/p>

What is EDG?\u00a0<\/strong><\/p>

EDG is the short form for Enterprise\u00a0Development Grant. This grant was announced in the Annual Budget 2018. In short, EDG is a grant for established local SMEs (Small Medium Enterprises) to help them grow and transform their businesses.<\/p>

How much funding can I get?<\/strong><\/p>

You can get funding\u00a0up to 80%<\/strong>. Prior to COVID-19, the original support level was 70%. To fight against the impending recession, the Supplementary Budget aka Resilience Budget 2020 raised the support level to 80%. Only SMEs severely affected by COVID-19 will get the maximum support level of 90% on a case-by-case basis and as determined by ESG. The 90% support level is no longer valid.<\/p>

When will EDG end?<\/strong><\/p>

The 80% support level will end on 31st March 2022. It was announced during Budget 2021, the original deadline is extended til 31st March 2022 from 30th September 2021.<\/p>

Who approves EDG?<\/strong><\/p>

Enterprise Singapore, ESG in abbreviated form, gives the final green light to all EDG grants.<\/p><\/div>

What is the maximum grant?<\/strong><\/p>

That really depends on the scope of the project. The grant is correlated to the size of the company in terms of turnover and manpower. We do not have the exact algorithm nor science on this. Neither ESG will give you a definite answer on this.<\/p><\/div>

Can you give an actual number that I can work with?<\/strong><\/p>

Ok, this is strictly based on our\u00a0experience with CDG and based on some assumptions.
Usually, projects are about $40k (based on the previous CDG Lite).
But, there are projects way above $40k, hitting above six figures, depending on the scope of work.<\/p><\/div>

What kind of projects are covered under EDG?\u00a0<\/strong><\/p>

The projects can fall\u00a0under these scope:
1. Core\u00a0Capabilities<\/em>
a) Strategic Brand and Marketing Development
b) Business Strategy Development
c) Human Capital Development
d) Service Excellence
e) Financial Management<\/p>

2. Innovation and Productivity<\/em>
a) Process Redesign
b) Product Development
c) Automation<\/p>

3. Market Access<\/em>
a) Overseas Marketing Presence (OMP)
b) Market Access
c) Pilot Project and Test Bedding
d) Mergers and Acquisitions (M&A)<\/p>

Am I eligible for EDG?\u00a0<\/strong><\/p>

To be eligible,\u00a0you are required to
1. Have a registered company and operating in Singapore
2. Have at least 30% local shareholding
3. Be in a financially viable position to start and complete the project.<\/p>

And if\u00a0you\u00a0come from\u00a0a big organisation, your organisation or group holdings\u00a0should
1. Have less than $100 million revenue
2.\u00a0Employ less than 200 employees.<\/p>

What\u00a0does\u00a0it mean by “Be in a financially viable position to start and complete the project”?<\/strong><\/p>

Based on our previous experience with CDG and our experience with EDG as well, a company should have a reasonable amount of turnover for the past three years. The 3 years audited accounts will be required when you apply for the grant.<\/p>

Is there a minimum annual turnover?\u00a0<\/strong><\/p>

Based on our previous experience with both CDG and EDG, a working hypothetical figure should be at least S$400k. A $1 million turnover will be ideal.<\/p>

Is there a minimum employee size?<\/strong><\/p>

Our experience tells us that it should not be zero or just one. And the project sum must justify\u00a0the size of the company. A good number should be\u00a05 employees and they should not include directors, partners or owners.<\/p>

Is there a KPI (Key Performance Indicator) for\u00a0an EDG project?<\/strong><\/p>

Yes.\u00a0With effect from 1 April 2020, SMEs will need to commit to improving workers’ outcome, such as creating more jobs or increasing wages.<\/p>

So, are\u00a0startups eligible for EDG?<\/strong><\/p>

In general, startups\u00a0are not eligible for EDG.\u00a0If you are a startup, you can look at\u00a0the ecosystem meant for startups:\u00a0Startup SG network<\/a>.<\/strong><\/p>

How long does a typical EDG project take?\u00a0<\/strong><\/p><\/div>

Depending on the scope\u00a0of your project, the timeline could range from 4\u00a0to 12\u00a0months. This includes time to establish proposed objectives and conduct research. Our typical branding project takes about\u00a04 to\u00a06 months.<\/p>

What do you mean by certified consultants?<\/strong><\/p>

From 1 January 2017, if you engage consultants, they need to be\u00a0certified\u00a0management consultants<\/a>.\u00a0 SMEs should ensure that consultants involved in EDG\u00a0must possess Enterprise Singapore-recognised certification; failing which Enterprise Singapore reserves the right not to support the consultancy fees incurred.<\/p>

What other supporting documents do we require for the application?<\/strong><\/p>

You need the following:
1. Your project proposal
2. Latest ACRA search results
3. Past 3 years audited financial statements (including latest year)
2. Our consultant’s proposal and
3. Our consultant’s certifications.<\/p>

How long do I have to wait to know the results of my application?<\/strong><\/p>

There is no fixed\u00a0timeline. It may take\u00a01 to 2 months. Do understand\u00a0Enterprise Singapore is running a lean team to handle EDG.<\/p>

Can I start on an EDG project whilst applying for EDG?\u00a0<\/strong><\/p>

In general, no. It is best to obtain an official letter of offer from Enterprise Singapore before commencing the project.<\/p>

What does it mean?\u00a0<\/strong><\/p>

It means that you should not have already begun on the project before your application has been approved. Neither should you have made payment to service providers or suppliers involved in the project.<\/p>

Can I claim Productivity Innovation Credit (PIC) together with EDG?\u00a0<\/strong><\/p>

No. PIC has officially ended.<\/p>

How many EDG Grants can I apply for?<\/strong><\/p>

In theory, there are no restrictions on how many EDG Grants you can apply for. Currently, ESG allows\u00a0you to apply and work on more than one EDG project at any given time.\u00a0However, you can only apply for an EDG grant in a specified area once. This means that\u00a0if you are awarded an EDG grant for Branding and Marketing once, you are no longer eligible for another EDG grant under the same category that is Branding and Marketing. However, you can still apply for EDG grants under other areas.<\/p>

What\u00a0about Productivity Solutions Grant (PSG)?\u00a0<\/strong><\/p>

Productivity Solutions Grant (PSG) is a grant that supports Commercial Off-The-Shelf Solutions (COTS). Basically, COTS\u00a0are more affordable and require little or no customisation work. It covers up to 90% of the solution cost.\u00a0Click here more information about PSG.<\/a>\u00a0If COTS do not meet your needs and you\u00a0require a\u00a0bespoke solution for your business, do contact us!<\/p>

Where can I get the latest updates on\u00a0EDG?<\/strong><\/p>

The latest information can be found on\u00a0Enterprise Singapore’s website<\/a>.<\/p>

Where can I apply EDG?\u00a0<\/strong><\/p><\/div>

Similar to\u00a0CDG, you can apply EDG at\u00a0Singapore Business Grants Portal<\/a>.<\/p>

What is the latest news on Business Excellence under EDG?<\/strong><\/p>

Business Excellence (BE) certification with the respective Singapore Quality Class (lionhead logo) will cease by end September 2020. Awards under BE will cease immediately. However, SMEs can still apply for Business Strategy under EDG as well as used the BE framework for their business.<\/p>

How do I know if I am successful?<\/strong><\/p>

ESG will send you a letter of offer if you are successful in applying. You must accept the letter of offer in order to start the project. If you are not successful in the application, ESG will send you an email.<\/p>

Can I appeal the decision?<\/strong><\/p>

Yes, you can appeal the decision. Do submit the application again and ensure you close the necessary gaps and ESG will treat it as a fresh application.<\/p>

Is there an advance payment?<\/strong><\/p>

Yes, currently, ESG allows you to make and advance payment claim of up to 20% of the total grant amount. This means you can request for this advance even before paying the invoice.<\/p>

What about interim claims?<\/strong><\/p>

You can try to make interim claims before full completion. However, this is on a case-by-case basis.<\/p>

What is this audit about?<\/strong><\/p>

After the completion of the EDG project, you will have to appoint an external auditor from a pre-approved panel. The auditor will ensure that the project is completed with proper transfer of monies between parties.<\/p>

Who will pay for the audit?<\/strong><\/p>

The audit fee is absorbed by ESG. You can claim the audit fee from ESG.<\/p>

Where do I make a claim for EDG?<\/strong><\/p>

You should make a claim on the old grants portal: https:\/\/grantportal.enterprisesg.gov.sg\/<\/p>

How long does it take to get back the monies?<\/strong><\/p>

Usually it takes 1-2 weeks for ESG to process the claim.<\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Frequently Asked Questions (FAQ) We are experienced consultants who\u00a0have been administering Capability Development Grant (CDG) by SPRING. We\u00a0hope to give you\u00a0the latest updates on the new grant, Enterprise Development Grant (EDG) by Enterprise Singapore. What is EDG?\u00a0 EDG is the short form for Enterprise\u00a0Development Grant. This grant was announced in the Annual Budget 2018. In […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","footnotes":""},"class_list":["post-5830","page","type-page","status-publish","hentry"],"yoast_head":"\nEnterprise Singapore (ESG) Enterprise Development Grant (EDG) Frequently Asked Questions (FAQ) - Terra site<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Singapore (ESG) Enterprise Development Grant (EDG) Frequently Asked Questions (FAQ) - Terra site\" \/>\n<meta property=\"og:description\" content=\"Frequently Asked Questions (FAQ) We are experienced consultants who\u00a0have been administering Capability Development Grant (CDG) by SPRING. 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