In response to a recent study findings on the key success factors for smaller F&B businesses, SGPC has rolled out three packaged solutions in menu engineering, process redesign and financial management, to support companies in strengthening these three core operational areas.
Companies taking up these packaged solutions may also tap on SPRING Singapore’s Capability Development Grant (CDG) for funding assistance of up to 70% of project costs.
The CDG aims to help Small and Medium Enterprises (SMEs) defray qualifying costs of their capability upgrading projects to improve productivity and develop business capabilities for process improvement and financial management. For small-scale projects, the application process for CDG support of S$30,000 or less has been simplified.
Smaller F&B businesses can now look forward to simpler application forms and reduced documentation requirements for such projects.