Are you an aspiring Food & Beverage (F&B) entrepreneur who wants to find out more about that subsidy and grant that Singapore Government Provides? Or do you have a fresh and interesting dining concept that you would like to bring to the local F&B scene, and you need a experienced business consultant to assist you on the matter.
Before you start your business, know the challenges of the F&B business environment and the basics on operational matters.
In singapore, its very important to note that based on shareholders nationality and citizenship. Grants and government subsidies may differ from case to case basis, hence we will always recommend start up owners to seek advice with professional consultant first.
The consultation area we specialised in are the following:
1. Restaurant Software Grants: There are various government agencies like imda, enterprise singapore and e2i that administer grants relating to software, such as POS Point of Sale, Payroll, Crm and CCTV related software. These grants usually ranges from 40%-80% in funding.
2.Kitchen Equipment Grants: Equipment that helps a F&B in terms of productivity improvement are usually encourage by the singapore government and enjoys subsidies or grants. Some of the examples are like Types of Oven, Dish Washing Machine, Meat Cutting Machine, Commercial Soup Boiler, Electrical Grilles & Fryer, Vacuum Pack Machine, Vegetable Peeling machine, Sushi Conveyor Belt system and many more. Owner are reminded that no purchase of equipment can be done before the issuance of a Letter Of Offer LOO, by the relevant government agencies.
3.HR Manpower Grants
Under WDA and SNEF, there are a wides ranges of hiring and training subsidies available, please kindly contact us for more information. Here is a mapping of some of the areas as business owners, the various government agencies like E2i is able to support your manpower concern and expansion.
4. 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.
You can also read more of various industry grants. Click Here
You can also download, a latest copy of 2019 Singapore Grants Guide. Click Here
For more information, kindly pm us or call us to schedule a complimentary appointment.
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