From customised help for high-growth companies to making financing schemes more accessible and enhancing support for employer-led training, Singapore will continue to double down on efforts to help businesses grow while ensuring that workers benefit from the transformation.
The new Scale-up SG programme, for one, will groom high-growth enterprises into “future global champions” by helping to develop and implement long-term plans tailored to their growth priorities, said Senior Minister of State Chee Hong Tat. He used the example of a healthcare services company that may be looking to double its footprint overseas through merger and acquisitions (M&A), or developing its own products.
To be implemented by Enterprise Singapore in collaboration with public and private sector partners, the new programme will identify 10 to 15 companies with similar growth profiles and priorities for each cohort. Each cycle will last two to three years, according to a MTI factsheet.