$285 million set aside to help start-ups access credit: DPM Heng

May 26, 2020

SINGAPORE - Promising start-ups will receive help to sustain innovation and entrepreneurship activities and gain access to credit, with new financing support set aside in the fourth round of Budget measures.

A total of $285 million has been allocated to catalyse and match private investments, Deputy Prime Minister Heng Swee Keat said in Parliament on Tuesday (May 26).

This will help bridge the financing gap they face amid the Covid-19 pandemic, which could result in the loss of good jobs and good companies if left unaddressed, said Mr Heng, who is also Finance Minister. Read More...