10/05/2022 | Press release | Distributed by Public on 10/05/2022 06:28
Mr Leon Perera: To ask the Minister for Trade and Industry (a) what are the indicators used by the Government to measure the impact of grants such as the Productivity Solutions Grant on the firm-level productivity of SMEs and micro-SMEs that have taken up such grants; and (b) whether the Ministry can publish all grant KPIs and outcomes in yearly reports in aggregate terms.
Oral Answer (to be attributed to Minister of State for Trade and Industry Low Yen Ling)
1. Enterprise Singapore publishes indicators such as committed value-add and projected skilled jobs creation in its annual Year-in-Review that measure the economic impact of grant projects undertaken by enterprises.
2. In addition, the Government also conducts regular studies on the impact of its grant schemes. For example, an impact analysis for the Market Readiness Assistance grant was published in the Economic Survey of Singapore Third Quarter 2021. In another study in 2020, Enterprise Singapore sampled 129 companies on the impact of the Productivity Solutions Grant, and found that more than 80% of these projects had achieved various forms of productivity gains in terms of cost savings, revenue gains or time savings.