Facebook to give SGD4.75 million in grants to small businesses in Singapore

Facebook Singapore announced on Wednesday, September 16, that it will be providing SGD 4.75 million in grants to businesses in the country that have experienced challenges due to the COVID-19 pandemic. 

Applications for the new grant programme – aimed at supporting 800 small enterprises – will run from September 16 to 22, the tech giant said in a media statement.

Facebook is providing SGD 4.75 million in grants to small businesses in Singapore. Photo courtesy: unsplash
Facebook is providing SGD 4.75 million in grants to small businesses in Singapore. Photo courtesy: unsplash

"We understand that your business may continue to experience disruptions resulting from the global outbreak of COVID-19," Facebook Singapore said.

"We’ve heard that a little financial support can go a long way, so we are offering grants of cash and ad credits to small businesses in Singapore to help during this challenging time."

Each eligible business could receive a grant worth SGD5500 – comprising SGD3500 in cash and SGD2000 in optional ad credits.

Applications are open from Sept 16 to 22. Businesses do not need to have a Facebook presence in order to apply.

To be eligible for the grant, the business will need to be located in Singapore, and have between two and 50 employees. The company also needs to have been in business for over a year as of January 1, 2020. 

More details can be found here

Author
CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

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