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[New] Small Business Recovery Grant

As part of the Jobs and Business Support Package, the Government has introduced the Small Business Recovery Grant, which provides a one-off cash support to small businesses in sectors that were most affected by the COVID-19 Safe Management Measures in 2021, including the arts and culture sector. 

To be eligible for the support: 

  1. Firm must be a ‘live’ entity that is physically present in Singapore and registered no later than 31 December 2021; 
  2. Firm must have an annual operating revenue that is less than S$100 million, filed with IRAS in the Year of Assessment 2021 by 31 December 2021; or employ fewer than 200 employees as of 31 December 2021; and 
  3. Firm must meet the sectoral criteria listed in table below: 
Sector Qualifying Criteria
Performing Arts & Arts Education

Entities must: 

  • Meet at least one of the conditions of being a/an: 
  1. Participant in a project, activity, programme or festival supported by the National Arts Council (NAC) or National Heritage Board (NHB) between 1 April 2018 to 31 March 2021; or
  2. Museum Roundtable member before 31 March 2021; or 
  3. Accredited Arts Education Programme (AEP) provider listed in the 2019-2022 NAC-AEP Directory; or 
  4. Entity with more than two-thirds of its business in arts/heritage related activities (as defined by one of the 6 qualifying SSICs in criterion 2); and 

  • Be classified under SSICs 85420, 90001, 90002, 90003, 90004 or 90009. 

 
Museums, art galleries and historical sites 

Entities must: 

  • Meet at least one of the conditions of being a/an: 
  1. Participant in a project, activity, programme or festival supported by the National Arts Council (NAC) or National Heritage Board (NHB) between 1 April 2018 to 31 March 2021; or
  2. Museum Roundtable member before 31 March 2021; or 
  3. Accredited Arts Education Programme (AEP) provider listed in the 2019-2022 NAC-AEP Directory; or 
  4. Entity with more than two-thirds of its business in arts/heritage related activities (as defined by one of the 3 qualifying SSICs in criterion 2); and 
  • Be classified under SSICs 91021, 91022, 91029. 

 

Eligible firms will receive S$1,000 for each local employee with mandatory CPF contributions in the period from 1 November 2021 to 31 December 2021, up to a cap of S$10,000 per firm

Sole proprietorships and partnerships that are run by at least one business owner but do not hire any local employees will receive a flat payout of S$1,000, if the local business owner is earning a net trade income of no more than S$100,000, filed with IRAS in the Year of Assessment 2021 by 31 December 2021. 

IRAS will notify eligible firms starting from June 2022. More information is available on https://go.gov.sg/sbrg