Debated in Parliament on 10 Sep 2024.
Mr Louis Ng Kok Kwang asked the Deputy Prime Minister and Minister for Trade and Industry in each year of the past five years, regarding the micro, small and medium-sized companies that have applied for grants under the Enterprise Sustainability Programme (a) what are the mean and median amounts of grants disbursed to each company; and (b) what are the top uses of the grants by (i) micro (ii) small and (iii) medium-sized companies respectively.
The Enterprise Sustainability Programme (ESP) comprises not just grants, but also capability building courses and programmes and loan support via the Enterprise Financing Scheme – Green. Between 2021 and 2023, about 1,500 unique companies were supported by ESP with an estimated $14 million in total funding, excluding loans which are repayable.
The amount of funding support per company depends on the types of projects undertaken and varies widely. Thus, the average figure is not meaningful.
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