Effective 1 October 2021, the CCF Basic Support Grant is a package of essential grants for co-ops with negative net worth and/or operating deficit. The funding quantum and caps are specified below:
| Qualifying Expenses | Funding Quantum | Capped at (per co-op, per grant eligibility period) |
Eligibility |
| Statutory audit expenses | 80% of the actual expenditure |
$2,000 (per grant eligibility period) |
Negative net worth and/or did not contribute to the CCF due to operating deficit based on latest audited financial statements |
| Bookkeeping/ accounting services | |||
| Training expenses (short-term courses, seminars, and conferences only) |
• Negative net worth and/or did not contribute to the CCF due to operating deficit based on latest audited financial statements |
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| PDPA expenses |
$5,000 |
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| Cybersecurity expenses (for ABCD solution) |
$5,000 |
PREREQUISITES AND CONDITIONS
Unless otherwise indicated, the qualifying expenses, prerequisites and conditions for the Basic Support Grant would mirror those for the similar grants under the CCF Grant Framework. For example, the same prerequisites and conditions for CCF Training Grant would apply to claims for training expenses under the Basic Support Grant. However, the cap under Basic Support Grant is lower, and claims may only be made for short-term courses, seminars and conferences.
APPLICATION
To apply, please download application form and include all required supporting documents.
Completed documents are to be sent via email to your respective Co-operative Relations & Solutions Partner (SNCF affiliates) or email us at contactus@sncf.org.sg or contact us at Tel: 98205730.