Platform for REDESIGN 2020

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Others(Cross-cutting measures)

Supporting Green Industries

Singapore introduced several measures to support businesses hurt by COVID-19. Businesses in green industries such as clean energy and electric vehicles, and businesses pursuing resource efficiency projects, are eligible for these business support measures. Examples of the measures include the Enterprise Financing Scheme which covers areas such as Fixed Assets, Project, Working Capital and Trade , enhanced Enterprise Development Grant and Special Situation Fund for Startups. These schemes will ensure that green businesses will continue to thrive and contribute to Singapore’s economic recovery.

In addition, Singapore also focused on addressing industry needs and national initiatives by developing standards that build sustainable and resilient industries and enterprises. Green standards encompassing renewables, energy efficiency and storage will be developed to support Singapore’s shift to a low carbon future.

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