Key Support Measures for the F&B sector [Updated as of 1 Jul 2020]

Manage cashflows

The Government will provide support to help companies overcome immediate challenges and retain jobs, in response to COVID-19

Deepen capabilitiesRetain & Develop

Talent

• Digital Resilience Bonus

• Enhanced Enterprise

Development Grant (EDG)

• Enhanced Productivity Solutions

Grant (PSG)

• Enhanced Training Support

• Enhanced Temporary Bridging Loan

• Enhanced Working Capital Loan

• Enhanced Property Tax Rebates

• Additional Rental Relief for SMEs

from Govt and Landlords

• FWL Waiver + Rebate

• Enhanced Jobs Support Scheme

• Enhanced Wage Credit Scheme

• SGUnited Jobs

• Career Trial Programme

2

3

Your business is badly affected by COVID-19.

You need to address immediate cash flow concerns to keep your

business afloat.

How can you leverage on the Budget to manage cash flow

issues?

Manage cashflows

4

Enhanced Enterprise Financing Schemes

• Open to SG SMEs from ALL sectors

• $1 million max loan quantum

• Borrowers may request for a 1-year deferral of principal repayment, subject to the banks’ assessment

Manage cashflows1

For more info, please visit ESG website

Working Capital LoanTemporary Bridging Loan

• Expanded to cover SG SMEs and Non-SMEs from ALL sectors

• Eligible enterprises can borrow up to $5 millionper borrower group from Participating Financial Institutions (PFIs), with interest rate capped at 5% per annum

• Borrowers may request for a 1-year deferral of principal repayment, subject to the banks’ assessment

From 1 April 2020 – 31 March 2021

5

Manage cashflows

• COVID-19 (Temporary Measures) Bill to ensure pass-through of PTR from property owners to tenants

• 100% rebate for qualifying commercial properties (translates to ~1.2 mths rental relief)

• 60% rebate for the Integrated Resorts

• 30% rebate for other non-residential properties

Rental Relief Support Measures 2

Enhanced Property Tax Rebates (PTR)

For more info, please visit IRAS website

6

Manage cashflowsRental Relief Support Measures 2

Additional rental relief for SMEs (Government)

• 5 months’ rental waiver for hawkers

• 4 months’ rental waiver for commercial tenants in Govt properties

• 2 months’ rental waiver for industrial, office and agricultural tenants of Govt agencies

• Rental cash grants for SME tenants in privately owned non-residential properties. Cash grants will automatically be disbursed to property owners who are required to pass on benefits to SME tenants. Cash grants amounts to:

• ~0.8 months to tenants of qualifying commercial properties

• ~0.64 months to tenants of qualifying industrial/office properties

For more info, please visit MinLaw/ IRAS website

7

Manage cashflowsRental Relief Support Measures 2

Additional rental relief for SMEs (Landlords)

For more info, please visit MinLaw/ IRAS website

• Landlords of privately owned non-residential properties will provide additional rental relief for eligible SMEs who have seen a significant drop in their average monthly revenue (>35%) due to COVID-19:

• 2 months’ rental waiver to qualifying tenants of commercial properties

• 1 months’ rental waiver to qualifying tenants of industrial/office properties

• More implementation details will be announced later

8

Foreign Worker Levy3Manage

cashflows

• For all businesses in April and May 2020:

• Waiver of monthly Foreign Worker Levy

• Foreign Worker Levy Rebate of $750 from levies paid this year, for each Work Permit or S Pass holder

• For businesses that are unable to resume operations after 2 June 2020:

• 100% FWL waiver and $750 rebate in June 2020

• 50% FWL waiver and $375 rebate in July 2020

For more info, please visit MOM website

9

To prepare for economic rebound, you hope to take this

opportunity to deepen capabilities.

Perhaps adopting more digital solutions?

How can you leverage on the Budget to deepen capabilities?

Manage cashflows

10

Digital Resilience Bonus1Deepen

capabilities

• Pilot with Food Services and Retail sectors

• Payout of up to $5,000 to help businesses digitalise with PayNow Corporate, e-invoicing, business process or e-commerce solutions

• Additional payout of $5,000 for businesses that adopt advanced digital solutions like data mining and analytics

For more info, please visit IMDA website

Take up and use an approved

solution*

Sign up for PayNow Corporate

and Peppol e-Invoicing

No need to submit info; solution

provider to send on your behalf

Receive bonus, to be paid out from

Aug onwards

* Approved solution under SMEs Go Digital programme. Cat (1) Accounting, HR / Payroll, Digital Ordering - $2500; Cat (2) Online Food delivery - $2500; and Cat (3) Data mining and analytics - $5000. Using all 3 categories will give you a maximum of $10,000.

1 2 3 4

11

Enhanced Enterprise Development Grant (EDG)

• Up to 80% support for all projects

• Up to 90% support for sectors most severely impacted by COVID-19 and safe distancing measures, on a case-by-case basis

2

Enhanced Productivity Solutions Grant (PSG)3

• Up to 80% support of pre-approved productivity solutions and equipment

From 1 April 2020 – 31 December 2020

From 1 April 2020 – 31 December 2020

Deepen capabilities

For more info, please visit ESG website

12

Enhanced Training Support

• Up to 90% Course Fee Subsidy

• Applicable for Food Services sector

• Enhanced Absentee Payroll rate: support 90% of hourly basic salary (capped at $10 per trainee-hour)

• Interested companies to sign up with training providers

• For more comprehensive info on Jobs and Skills support schemes, visit the new Enterprise Portal for Jobs and Skills at www.enterprisejobskills.sg

4Deepen

capabilities

For more info, please visit SSG website

13

You hope to keep as many workers as you can.

But you may have to tighten your belt.

How can you leverage on the Budget to retain and even

develop talent?

Manage cashflows

Enhanced Jobs Support Scheme (JSS)

• Co-fund 25% of the first $4,600 of gross monthly wages for SC/PR employees for 10 months (extended)

• Topped-up to 75% for the months of April and May

• For businesses that are not allowed to resume operations post-Circuit Breaker, you will continue receiving 75% JSS until August 2020 or when you are allowed to resume operations (whichever is earlier)

• Increased base tier support from 25% to 50% for F&B sector

• Shareholder-directors with assessable income less than $100k are now eligible

1

For more info, please visit IRAS website

Retain & Develop Talent

• Co-fund 15% of qualifying wage increases (of at least $50) in 2020

• Qualifying wage ceiling raised from $4,000 to $5,000

15

Enhanced Wage Credit Scheme (WCS)2

SGUnited Jobs Apprenticeship

• Co-fund wage costs of companies offering traineeships to first-time jobseekers

3

For more info, please visit IRAS website

For more info, please visit WSG website

Retain & Develop Talent

16

Career Trial Programme4

For more info, please visit WSG website

• 30% salary support to encourage companies to give jobseekers an opportunity to try out new jobs on a short-term basis (~6 months) to assess job

• Available for both full-time and part-time workers

• Capped at $5,400 per full time hire and $2,700 per part time hire

• Capped at 6 months support

• For employers open to hire unemployed SCs who have been actively looking for jobs for 6 months

Retain & Develop Talent

Retain & Develop Talent

# Measure How to apply? Contact

1 Enterprise Financing Schemes –Temporary Bridging Loan (TBL), Working Capital Loan (WCL):

Relevant links:

Apply from Participating Financial Institutions e.g. DBS, OCBC, UOB directly

DBS: 1800 2222 200OCBC: 6538 1111UOB: 1800 2266 121ESG Infoline: 6896 1800

Budget https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/supplementary_annexb7.pdf

ESG https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-bridging-loan-programme/overview

DBS https://www.dbs.com.sg/sme/financing/government-assisted-schemes/temporary-bridging-loan.page?gclid=Cj0KCQjw6PD3BRDPARIsAN8pHuGga8upQZU_uxTQysQhdKp9_-OIDavTGvfP--JR3MblCANfiw3viOoaAkkEEALw_wcB

OCBC https://www.ocbc.com/business-banking/loans/temporary-bridging-loan.html

UOB https://www.uob.com.sg/business/finance/business-bundle-loan.page

Additional Information and Relevant Contacts

Additional Information and Relevant Contacts

Budget https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fortitude_annexb2.pdf

MinLaw https://www.mlaw.gov.sg/covid19-relief/rental-relief-framework-for-smes

IRAS https://www.iras.gov.sg/irashome/Property/Property-owners/Working-out-your-taxes/Property-Tax-Reliefs/

MOM https://www.mom.gov.sg/covid-19/frequently-asked-questions/levy-rebate-and-levy-waiver

# Measure How to apply? Contact

2 Rental Relief Support

Relevant links:

No application required. Further details on appeal mechanism will be announced shortly

MinLawHotline: 1800 225 5529Online enquiry form: https://eservices.mlaw.gov.sg/enquiry/

IRAS Hotline: 6356 8233 or 1800 356 8300

3 Foreign Worker Levy Waiver and Rebate

Relevant link:

No application required

Hotline: 6438 5122Email: mom_qsm@mom.gov.sg

# Measure How to apply? Contact

4 Digital Resilience Bonus

Relevant links:

No application required

Hotline: 6377 3800 Email: info@imda.gov.sg or DRBonus@enterprisesg.gov.sg

5 Enhanced Enterprise Development Grant (EDG) and Productivity Solutions Grant (PSG)

Relevant links:

Apply at Business Grant Portal (BGP) at businessgrants.gov.sg

ESG Infoline: 6896 1800Email: enquiry@enterprisesg.gov.sg orfood_division@enterprisesg.gov.sg

Additional Information and Relevant Contacts

Budget https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fortitude_annexb3.pdf

IMDA https://www.imda.gov.sg/drbonus?utm_medium=sem&utm_source=google&utm_campaign=sg-digital&utm_content=drbonus

Budget https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/supplementary_annexb9.pdf

ESG https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/overviewhttps://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/productivity-solutions-grant

Additional Information and Relevant Contacts # Measure How to apply? Contact

6 Enhanced Training Support

Relevant links:

Apply at SkillsConnectplatform at www.skillsconnect.gov.sg

Hotline: 6785 5785Email: Feedback portal at https://portal.ssg-wsg.gov.sg/feedback

7 Jobs Support Scheme

Relevant links:

No application required

Hotline: 1800 352 4728Email: go.gov.sg/payout

8 Wage Credit Scheme

Relevant link:

No application required

Hotline: 1800 352 4727Email: wcs@iras.gov.sg

SSG https://www.ssg.gov.sg/programmes-and-initiatives/training/enhanced-training-support-for-smes.html

https://www.ssg.gov.sg/content/dam/ssg-wsg/ssg/ETSP/ETSP_FAQs_Final.pdf

Budget https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/supplementary_annexb1.pdf

ESG https://www.iras.gov.sg/irashome/Schemes/Businesses/Jobs-Support-Scheme--JSS-/

IRAS https://www.iras.gov.sg/IRASHome/Schemes/Businesses/Wage-Credit-Scheme--WCS-/

Additional Information and Relevant Contacts

# Measure How to apply? Contact

9 SGUnited Jobs Apprenticeship

Relevant links:

Apply at https://form.gov.sg/#!/5e85abfb172ded0011ca2668

Hotline: 6883 5885 Email: Feedback portal at https://portal.ssg-wsg.gov.sg/feedback

10 Career Trial Programme

Relevant link:

Apply through WSG website or e2i website

Hotline: 6883 5885 (WSG) or 6474 0606 (e2i)Email: Feedback portal at https://portal.ssg-wsg.gov.sg/feedback

WSG https://www.wsg.gov.sg/SGUnitedTraineeships-HostCompanies.html?utm_source=website&utm_medium=WSG&utm_campaign=lion&utm_term=graduate%2Binternship%2Btraineeship&utm_content=company

https://www.wsg.gov.sg/content/dam/ssg-wsg/wsg/sgunited-hostcompanies/SGUT_FAQs_HostOrganisations_Jun2020_Online.pdf

WSG https://www.wsg.gov.sg/programmes-and-initiatives/career-trial-jobseekers.html

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