Encourage businesses to adopt energy-efficient (EE) equipment and improve overall energy efficiency.
Tiers:
Base Tier:
Focus: Supports pre-approved and readily available EE equipment.
Grant Coverage: Up to 70% of qualifying costs, capped at S$30,000 per company.
Benefits: Streamlined application process and readily available equipment options.
Advanced Tier:
Focus: Supports larger investments in custom or high-efficiency equipment leading to significant energy savings.
Grant Coverage: Lower of:
Support levels under the base tier (up to 70% for SMEs, 30% for non-SMEs).
Grant quantum calculated based on the expected lifetime energy savings of the equipment (potentially exceeding capped amount).
Benefits: Potential for higher grant awards for projects with significant energy savings.
Focus: Supports larger investments in custom or high-efficiency equipment leading to significant energy savings.
Grant Coverage: Lower of:
Support levels under the base tier (up to 70% for SMEs, 30% for non-SMEs).
Grant quantum calculated based on the expected lifetime energy savings of the equipment (potentially exceeding capped amount).
Benefits: Potential for higher grant awards for projects with significant energy savings.
Business Registration: Registered and operating in Singapore.
Industry Sector: Manufacturing (including Food Manufacturing) classified under SSIC 10 to 32, Food Services with a valid SFA license classified under SSIC 56 or 68104, or Retail classified under SSIC 47.
Local Ownership: Minimum of 30% local shareholding.
Local Workforce: At least one local employee.
Company Size: Group Annual Sales Turnover not exceeding S$500 million.
Equipment Usage: Equipment purchased must be used within Singapore