a. Companies can apply to Enterprise Singapore (ESG) through SNBA at email@example.com to seek the:
1. Ex-gratia payment of S$30,000 to defray costs associated with the cessation of businesses and/or
2.Financial support to offset one month of Retrenchment Benefits (RB) to local employees, capped at the industry median monthly wage of S$3,000/employee
b. Grant support will be effective until 31 March 2021 and should be submitted to ESG by 31 March 2021.
c. Eligibility Criteria for Exit Grant Support:
*Company with SSIC 56130 (Pubs/Bars), 93203 (Nightclubs, Discotheques, Dance Clubs and or company with SFA Foodshop licence under PBND. Applicants not belonging to this group will be considered on a case-by-case basis.
Note that exit grant support is provided on a per entity/UEN basis. Applicants with multiple outlets per entity/UEN will not be eligible for additional support.
d. Supportable Cost Items under Exit Grant:
1. Ex-gratia grant of S$30,000
2. Opt-in Retrenchment Benefits (RB), capped at S$3,000/local employee:
3. Audit Fees (for applicants who requested for RB support), supported at 100% based on actual expenses incurred
e. To facilitate cashflow needs, an advancement of 50% of the ex-gratia amount will be made available upon acknowledgement of Letter of Offer.
f. Successful grant recipients need to fulfil the following commitments by 30 June 2021 for remaining grant amount to be disbursed:
*Note that companies which have taken the pivot grant support, will not be eligible for the exit grant support.