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New S$70m support scheme for eateries, retailers; S$50m campaign for heartland shops
F&B and retail businesses are set to qualify for a higher level of funding from the Productivity Solutions Grant and Enterprise Development Grant schemes for business transformation, under the new Food Services and Retail Business Revitalisation Package.
Such businesses will enjoy a maximum support level of 80 per cent for the two schemes from Apr 1, 2022 to Mar 31, 2023, compared with a cap of 70 per cent for other industries.
