Forward-looking organisations are characterized by the willingness to upgrade.
To assist companies to upgrade, public agencies such as Building and Construction Authority (BCA), SPRING Singapore and Singapore Workforce Development Agency (WDA) have been consistently and
unceasingly working with the industry to develop a suite of financial assistance programmes. These programmes aim to
help our construction industry stay competitive and ready for new challenges and opportunities:
| Scheme |
Purpose |
Administer by |
Aim |
|
Technology Upgrading |
Building and Construction Authority |
Encourage upgrading
through investment in modern equipment by providing tax allowance up to 50% of the approved capital expenditure |
|
Manpower Development |
Workforce Development Agency |
Support companies to send employees for training |
|
External Consultancy |
SPRING Singapore |
Assist SMEs to improve quality management and information technology system by providing assistance to defray up to 50% of cost in engaging consultants |
|
Technology Innovation |
SPRING Singapore |
Encourage technology innovation through the development of new products or processes by providing funding to defray cost
|
|
Research & Development |
Building and Construction Authority |
Encourage and support applied R&D that will raise the quality of life and make Singapore a distinctive global city
|
Local Enterprise Technical Assistance Scheme (LETAS)
LETAS, which is administered by SPRING Singapore, helps to defray up to 50%
of the total consultancy cost with caps at S$5,000 for quality management systems and IT e-commerce, and S$10,000 for
IT implementation (upgrading of computer systems of ISO projects).
The assistance scheme is available to Singapore-based small-medium enterprises (SMEs) to hire external experts to improve
the quality management and information technology systems.
For more information on LETAS, please visit www.spring.gov.sg or contact SPRING at Tel: 68981800 or
email: enterpriseone@spring.gov.sg
