Updated 22 April 2020
The Singapore Government has committed more than S$60 billion (Budget 2020) to support individuals, businesses and industries affected by the COVID-19 pandemic.
DesignSingapore Council has compiled some COVID-19-specific relief measures relevant for designers and design businesses here, as well as existing schemes that may further support the design community.
COVID-19 RELIEF FOR SELF-EMPLOYED PERSONS
Self-Employed Person Income Relief Scheme
- Eligible Self-Employed Persons will receive three quarterly cash payouts of $3,000 each in May, July and October 2020
- Annual Value threshold raised from $13,000 to $21,000, to support more Self-Employed Persons
- Automatic inclusion for those who also earn a small income from employment work
- Other criteria remain unchanged
- Check eligibility here: https://www.ntuc.com.sg/SIRS/
- Self-Employed Persons who narrowly miss the eligibility criteria can submit their appeals to NTUC from 27 April 2020
Self-Employed Person Training Support Scheme
- This scheme has been enhanced and extended with additional S$48 million
- Receive a training allowance of S$10 per hour when you attend courses under the SkillsFuture Series, or select training programmes, with effect from 1 May 2020
- You can tap SkillsFuture Credit to further offset course fees
Workfare Special Payment
- If you are on Workfare Income Supplement Scheme 2019, you will receive a one-off Workfare Special Payment of $3,000 in cash
NTUC Care Fund
- One-time cash payout for eligible NTUC Union Members who have lost 30% income (including job cancellations) or have been retrenched
- Ranges from S$50 to S$300, depending on criteria
COVID-19 Support Grant:
- For Singapore Citizens and PRs (16 years and above) who are unemployed due to retrenchment or contract termination as a result of COVID-19.
- Cash grant of $800 a month for three months from 1 May 2020
- Prior gross monthly household income of ≤$10,000, or monthly per capita income of ≤$3,100
- Live in a property with annual value of ≤$21,000
- Not on ComCare assistance
- Must agree to actively participate in job search or attend a training programme under Workforce Singapore (WSG) or the Employment and Employability Institute (e2i)
COVID-19 RELIEF FOR BUSINESSES
Jobs Support Scheme to alleviate wage burden
- To help save jobs, the Government will pay 75% of the first $4,600 of monthly wages paid in April and May 2020, for every local worker in employment
- For remaining qualifying months, wage support levels will be differentiated by sector^
- Firms will receive first payout in April 2020, including the enhanced payout for April wages.
- Shareholder-directors with Assessable Income of $100k or less for the Year of Assessment 2019 are now eligible
^ 75% wage support for aviation, accommodation, and tourism sectors, 50% for food services sectors, and 25% for all other sectors after May 2020.
Loans & Insurance:
The Government will increase risk share of loans from 80% to 90% for loans initiated from 8 Apr 2020 till 31 Mar 2021, under the Temporary Bridging Loan Programme, Enterprise Financing Scheme – Working Capital Loan, and Enterprise Financing Scheme – Trade Loan
- Enterprise Financing Scheme – Trade Loan: Maximum loan quantum increased from S$5m to S$10m, increasing the Government’s risk-share from up to 70%, to 80%
- Enterprise Financing Scheme – SME Working Capital Loan: Maximum loan quantum further enhanced, from S$600,000 to S$1 million
- Temporary Bridging Loan Programme: Maximum supported loan increased from S$1 million to S$5 million. SMEs that require more support can tap the EFS –SME Working Capital Loan
- Loan Insurance Scheme: Subsidies for loan insurance premiums increased from 50% to 80% until 31 March 2020
SGUnited Traineeships supported by Workforce Singapore
- Workforce Singapore will co-share manpower costs with enterprises that offer traineeships targeted at local first-time jobseekers in 2020
- Up to 8,000 traineeships to be supported, across large and small enterprises.
- Go to SGUnited portal for more details
- The Singapore Furniture Industries Council (SFIC)’s latest Members Assistance Scheme, supported by Enterprise Singapore’s STEER programme
- Eligible members can receive between S$1,000 and S$9,000 in financial aid, based on the length of their SFIC membership
E-Commerce Booster Package
- This package by Enterprise Singapore supports local retailers to work with e-commerce platforms to bring businesses online, so as to diversify sales channels and revenue streams
- Eligible local retailers will receive one-time support to defray 90% of eligible costs (up to S$9000) for up to 6 months
- Retailers can also apply for additional manpower support to drive e-commerce efforts and receive one-time support of up to 90% of the qualifying manpower costs for three months
EXISTING SCHEMES FOR DESIGNERS & DESIGN BUSINESSES
Good Design Research
This initiative by the DesignSingapore Council will support designers and design enterprises to:
- Design new systems and processes that are more sustainable and resilient against external shocks, in light of how COVID-19 has impacted businesses and their supply chains worldwide;
- Research and experiment with new materials, technologies and processes to create new products, services and experiences that will help tackle global issues;
- Be equipped with enhanced knowledge, skills, networks and resources to develop globally relevant and impactful solutions, while meeting the increasingly complex needs of clients.
To find out more, click here or contact firstname.lastname@example.org.
SkillsFuture Study Award for Design
- This award will support design and non-design professionals who want to take this time to deepen their technical skills in design or pick up new skills in adjacent domains in business, technology and innovation.
- Eligible recipients may receive S$5,000 monetary award
- In view of COVID-19, online learning courses are now eligible for support, if training providers are able to meet the criteria
Shared Services for Designers
- DesignSingapore Council has put together a panel of service providers who are offering designers preferential rates 20 - 50% lower than typical fees
- Services include Accounting, Human Resources, Corporate Secretariat services and Public Relations
Design for Business: User Journey Mapping
This initiative by DesignSingapore and Enterprise Singapore is for SMEs to swiftly:
- Improve their understanding of how users and employees interact with their products, services and processes; and
- Identify growth and improvement opportunities through a user-centric approach
Certified Management Consultants could recommend this scheme to new and existing SME clients, as part of their business development efforts. For further information, please click here or email email@example.com.
Start Digital Pack
This initiative by IMDA is for new SMEs and SMES new to using digital technology.
- Take up any two solutions from a Start Digital Pack for free for six months, with a minimum 18-months contract