Singapore Business Federation has partnered with Salesforce, the global leader in CRM, for the Salesforce Small Business Relief Grants Programme to support small and medium-sized enterprises (SMEs). Applications for the grant will begin on 23 November 2020.
The programme offers S$960,000 in cash grants to selected SMEs to aid their recovery and growth. The grants are being offered to Singapore-registered SMEs with at least 30 percent local shareholding, an annual revenue of S$150,000 to S$2 million, and employment size of between 5 and 50 employees.
The grants will help support eligible SMEs in addressing their immediate cash flow needs, preserving jobs, and embarking on initiatives to adapt and emerge stronger from this challenging period. With a grant of S$8,000 per company, the programme is expected to benefit 120 SMEs that have been negatively impacted by the COVID-19 pandemic.
Read the press release here.