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6TIMESBUSINESSDIRECTORYOFSINGAPORE2023/2024GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORSPECIFICSECTORSSectorProgrammesDescriptionAgricultureAgri-FoodClusterTransformation(ACT)FundTheAgri-FoodClusterTransformation(ACT)Fundsupportslocalfoodproducingcompaniesin theirefforts toexpandproductioncapabilitiesboostyieldraiseproductivitysustainabilityandimprovecircularityAerospaceAviationDevelopmentFund(ADF)TheAviationDevelopmentFund(ADF)supportsthedevelopmentandgrowthoftheaviationindustryinSingaporewithfocusonraisingairportproductivitybuildingcapabilitiesanddevelopingmanpowerBuilding&ConstructionProductivityInnovationProject(PIP)Construction-relatedcompaniescandefraythecostoftechnologyadoptionaimedtohelpreducesiteworkersorimprovesiteproductivityBuilding&ConstructionWorkforceTrainingandUpgradingBCAco-fundsup to90%ofselected trainingcourses andskills assessmentsforfirmsinthebuiltenvironmentsectorwiththeaimofimprovingthecapabilityoftheworkforceBuilding&ConstructionConstructionSupportPackage-SupportforSMOssalariesThisgrantco-fundsthesalariesofSafeManagementOfficers(SMOs)whoneedtobedeployedtoensurethatsafemanagementmeasuresareimplementedatconstructionworksitesFORALLSECTORSProgrammesDescriptionCPFTransitionOffsetNoapplicationisrequiredTheCPFTransitionOffsetprovidesemployerswithatransitionarywageoffsetequivalentto50%oftheincreaseinemployerCPFcontributionratesin2022EnablingEmploymentCreditNoapplicationisrequiredTheEnablingEmploymentCreditprovideswageoffsetstohelpemployersthatemployworkerswithdisabilitiesRentalSupportforSMEandNPOTenant-OccupiersofCommercialPropertiesNoapplicationisrequiredRentalcostsupport toeasecashflowdifficultiesforbusinessesaffectedbyPhase2(HA)restrictionsMultichannelE-commercePlatform(MEP)ProgrammeThisprogrammeconnectsSMEstoMEPsolutionproviderswhichwillhelptolistandsellproductsonmultipleoversease-marketplacesEligibleSMEswillreceiveaone-timesupportfor70%ofeligiblecostsforayearGlobalReadyTalentProgramme(ForCompanies)GRTaimstobuildapipelineofglobal-readytalentforSingaporeenterprisesthroughexposingmoreSingaporeanstooverseas work/internshipsopportunitiesReceiveupto70%fundingsupportonqualifyingcostsProfessionalConversionProgramme(PCP)Receivetrainingandsalarysupporttohireandreskilljobseekersincludingmid-careerswitchersReceiveupto90%salarysupportcappedat$6000/monthforeveryeligiblenewhireSGUnitedTraineeshipsProgrammeRegisterasahostcompanytogainaccesstoaqualifiedpooloffreshtalentTheGovernmentwillco-fund80%ofthetrainingallowanceDigitalLeadersProgrammeTheDigitalLeadersProgrammeenablespromisinghigh-potentiallocalcompaniestobecomedigitalleadersbyequipping them withdigitalcapabilities and talent to transform theirbusinessmodels andcapturenewgrowthopportunitiesMoredetailsinduecourseA*STARCollaborativeCommercializationMarketplace(ACCM)Withmorethan1000companiesonboardcompaniescanconnectandadvancecommoninterestswithinandbeyondtheirrespectiveindustryandmarkets–Contd