Government Grants are financial awards given by the federal, state or local government to an eligible grantee.
SACEOS members came together to understand the available government grants & funding schemes applicable for the MICE & Events industry. They were introduced to available funding schemes to help boost development in relevant areas of their businesses and professional development for their employees.
The following Government agencies are:
A statutory board under the Ministry of Trade and Industry of Singapore that aims to make Singapore Asia's Top Business environment with strong industry players, prosperous alliances and world class infrastruture. They recognise the importance of innovation and creating value in driving tourism development. There was a need to raise business' capability and competitiveness to maximise opportunities and to forge long-term partnerships.
Three grants relevant to the MICE industry were pressented:
Transform and Grow your Singaporean Talent with Workforce Singapore. A statutory Board under Ministry of Manpower with the mission to enable individuals to adapt and employers to transform, and a vision for every individual to be placed in a fulfilling career with progressive employers.
There are 3 existing grants that are applicable for Employers in Manpower Development.
SkillsFuture Singapore is a national movement to provide Singaporeans with the opportunities to develop their fullest potential throughout life, regardless of their starting points. SkillsFuture Singapore reviewed 3 key components:
Singapore Skills Framework (SSF)
The Skills Framework is an integral part of the Industry Manpower Plan (IMP) and one of the SkillsFuture initiatives that supports the Industry Transformation Map (ITM). It provides vital information on sector and employment, career map, job scope, skills and competencies to guide decision making. With a list of training programmes, individuals are able to gain mastery in their careers and knowledge. It provides lifelong learning and career development.
Purpose and Value Propositions
SkillsFuture serves as a common reference for skills and competencies addressing the needs of different stakeholders. Individuals are able to invest in skills training and for career planning for employers to recognise, develop and use these skills. The value of such education and training is to respond to industry needs.
A joint-partnership between SkillsFuture Singapore (SSG), Workforce Singapore (WSG) and Singapore Tourism Board (STB) conceptualised two awards that will recognise individuals and employers that exemplify the SkillsFuture spirit. The SkillsFuture Fellowship and the SkillsFuture Employer Award are both a lifetime award that can be self-nominated or nominations by associations, government bodies, individuals and agencies.
E2i mission is to empower individuals and companies by creating solutions for better employment and employability. They provide career placements by:
The e2i Professional Development Grant applicable for both non-PMET and PMET groups. In the MICE industry, MICE professionals are able to enhance their knowledge and performance and push for internationally recognised certification and gain international accreditation such as Certified Meeting Professional (CMP) and Certified in Exhibition Management (CEM).
E2i has also launched an Inclusive Growth Programme (IGP) that aims to improve productivity by funding for equipment, tools, and/or software to help companies gain more in return and sharing the productivity gains by increasing the wages of their employees. The fundable components include automation and equipment cost, process re-engineering & job redesign, training for local workers.
The SME Centre@SCCCI is a collaboration between SPRING Singapore and Singapore Chinese Chamber of Commerce and Industry (SCCCI). It aims to provide a holistic general business advisory, diagnosis, group-based solutions and also to provide workshops to facilitate capability development services to SMEs and aspiring entrepreneurs.
The two assistance schemes introduced were: