183 views
Photo by Tima Miroshnichenko from Pexels

Gov’t to inject $1.2b to fund enterprises' growth

It will introduce two new funding programmes for enterprises.

The government will inject a total of $1.2b to support enterprises' growth through two new financing instruments—the Private Credit Growth Fund (PCGF) and the Long Term Investment Fund (LTIF).

The Ministry for Trade and Industry and Enterprise Singapore will inject $1b into the PCGF which is suitable for high-growth enterprises that require nondilutive financing solutions.

More details about the fund, including the fund manager and eligibility criteria, will be announced by the third quarter of the year.

Additionally, the government will provide more than $200m for the LTIF which will make investments beyond the typical three- to seven-year term.

It is suitable for growth enterprises with longer and more complex growth trajectories that require highly patient capital. More details about the fund will be announced by the second half of the year.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.