Are you planning to pivot your catering business due to covid19, this grant is suitable for caterers that has experienced a huge drop in income due to the following:
1. Events caterer for MICE, Funerals, Weddings, Corporate Events
2. Institutional caterer for Corporate bodies
Grant Supportable Activities:
1. Caterer looking into pivot into digitally-enabled new F&B business can qualify for EDG support if they meet the following conditions:
- i. The new business activity targets a different customer segment or involves setting up a new business model different from their existing catering business.
- ii. The new business activity adopts at least 2 integrated digital tools with open API to optimize process and/or customer engagement. The digital tools should support data collection and analysis.
Support Areas for above:
1. Software and integration cost (erp, ecommerce, crm, inventory, digital marketing software, fleet management)
2. Consultancy Fee ( includes, branding, process redesign, menu redesign, pricing strategy, research and development, packaging design, food testing, shelf life extension, licensing)
3. Manpower of Project Leader Salary for the Project for 3 months
4. 2 Staff Salary involvement for 3 months
5. Equipment Cost required for the expansion and show significant productivity ( tunnel equipment, semi automatic equipment, customized equipment)
We recommend that caterer that business is badly affected by the covid to consider using this period to transform their business model and revenue stream. Areas of consider includes:
Ready to Eat
Tingkat Healthy Meal
Meal Subscription Plan
Vending Machine
Frozen Meal with long shelf life
Development of a new food brand or concept
Grants Reimbursement Time frame: In all business, cash flow is the number 1 aspect of making or breaking of a business. Especially in cut throat competitive industry like F&B. Its is important to note that even though your proposed project has been improved, owners must that note that reimbursement only comes in after the successful implementation of the project and kpi. After which, an audit will be conducted which officers or auditor will check for the bank statement, invoices and receipts, proof of project said software or equipment in usage and more. Then it will take another 2-6 months before the reimbursement to your company account.
For more information, kindly pm us or call us to schedule a complimentary appointment.
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