Capability Development Grant SPRING
Capability Development Grant SPRING is a financial assistance programme that helps SMEs to develop business capabilities across 10 development areas from increasing service standards, adopting technology to staff training and overseas expansion. CDG supports a wide range of capability upgrading initiatives to help SMEs grow their businesses locally and globally.
The 10 Key Business Areas of Capability Development Grant SPRING are as follows:
Capability Development Grant SPRING
Capability Development Grant SPRING - Human Capital Development
Capability Development Grant (CDG) helps SMEs defray up to 70% of the qualifying costs for engaging external experts such as qualified HR Consultants. SMEs can implement more in-depth HR Management and development projects. CDG covers all HR areas necessary for business growth.
SMEs may tap on the Capability Development Grant SPRING for support if they wish to further upgrade capability in any of the 4 areas of Innovation, Productivity, Human Resources and Financial Management or do a bigger scale project after using 2 (two) $5,000 Innovation and Capability Vouchers.
SMEs keen to upgrade their human resource capabilities further may apply for assistance under Capability Development Grant for Human Capital Development. Funding from SPRING Singapore is 70% of total project costs
In 2010 Benjamin Chan became the Pioneer Associate Consultant, Singapore National Employers Federation, for SPRING Singapore's Human Resource Capability Programme. This HR Capability Programme was amended to Capability Development Grant (Human Capital Development) in June 2012.
Hu-Tech Consulting is pleased to offer selected Capability Development Grant SPRING Project Modules to help SMEs build up capabilities for growing their business and achieve better results.
Scope of Capability Development Grant Project (Human Capital Development)
Recruitment and selection
Recommend recruitment strategies, establish processes to attract applicants and assess suitability for job
Compensation and benefits
Design market competitive compensation and benefits strategies including base pay structure, pay for performance, sales incentives, staff leave and benefits.
Establish performance appraisal systems and guidelines to appraise and monitor employees performance. Maintain or improve employee performance through objective setting, appraisal, coaching and feedback.
Learning and development
Establish guidelines for training and development of employees, competency-based training road-map and training plan.
Help SMEs develop talents for key job roles. Craft job titles and descriptions for three key job roles. Develop competencies, induction and training plans, structured career pathways for selected job roles
Assess current workforce capabilities, demographics and work processes, determine future workforce requirements and business plan, identify gaps and implement solutions to bridge the gaps.
Establish policies and processes to enable employees to determine career objectives, educational and developmental programmes for developing skills in achieving career objectives.
Talent Management and Succession Planning
Talent Management identifies, manages and retains talents to be groomed into future leaders for SMEs. Succession Planning creates a strategy and plan for succession to take place. This involves identifying competencies required of successors for crucial roles and time frame.
Developing, maintaining and improving employer-employee relations through building a strong and cohesive company culture and enhancing internal communication
Related links and resources for Capability Development Grant SPRING
Who Can Apply for Capability Development Grant SPRING?
Local SMEs can apply for CDG if meet the following criteria :
- Registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Group annual turnover of ≤ $100 million OR group employment size of ≤ 200 employees
CDG Application Process
CDG Simplifed Application Process
Step 1: Pre-Application
Check your eligibility to apply for CDG and identify the supportable area relevant to your project.
Have you considered the Innovation and Capability Voucher? Determine which programme (ICV or CDG) better meet your business needs.
Ensure your project has not started as late application will not be supported.
Prepare following documents to be submitted with your application:
- Latest ACRA search or instant information (< 6 months old) * of your Company and your Corporate Shareholders, if applicable.
- Latest Audited Financial Statements (< 1 year old) of your Company and Consolidated Financial Statement of your ultimate parent Company if applicable
- Project Proposal ^
- Relevant Proof of Quotation for your project cost items
- Consultant's proposal if a consultant is engaged
* Not required if provided to SPRING Singapore in preceding 12 months and there has been no change
^ Not required for grant support of $30,000 or less (i.e. total project cost of $45,000 or less). SMEs will only be required to answer about 5 guided questions.
Prepare the following information # based on the last financial year * and the projected 3-year figures from the year after the project is completed.
- Quantitative impact indicators eg. Total Sales Revenue, Remuneration, Job Creation Indicators eg. Total Staff Strength, No. of Managers & Professional
# Figures should be representative of the applicant company (not the consolidated group of corporate shareholder)
* For grant support of $30,000 or less (i.e. total project cost of $45,000 or less), only key indicators based on the last financial year will be required.
Step 2 : Application
Read the SPRING Grant Portal Access Rights Guide to familiarise with who in your Company can access and submit the application.
Step 3: Approval Process
Upon receiving your application a SPRING Officer will get in touch with you.
- A meeting may be arranged to understand your Company and project better
- You may need to revise your application when the information submitted is not complete.
- You may be requested to provide current and projected productivity indicators arising from your project, depending on your industry sector and development area, (e.g. time spent on processing, sales per transaction, cost savings etc)
Your application will be assessed based on business needs, project scope and competency of service provider in improving your business capability. All applications are subject to SPRING's approval.
Upon approval of your application, you will be notified via email to log on to SPRING Grant Portal to view and accept your Letter of Offer.
During project implementation you should ensure the following:
- Project records are maintained properly, e.g, project scope, timeline, deliverables, progress reports and project sign-offs
- Financial records are maintained properly, e.g. project invoices and receipts
How to Apply for Capability Development Grant (CDG)?
For FREE Diagnostics of Human Resources
Call 98382688 for Benjamin Chan, Masters' Degree in Human Resource Management and Senior Practising Management Consultant (SPMC), Singapore Business Advisors and Consultants Council (SBACC). Benjamin has more than 15 years of extensive experience consulting and working with SMEs and Multinational Corporations in different industries, SPRING Singapore, Singapore Workforce Development Agency (WDA) and Singapore National Employers Federation (SNEF), among others.
Prior to consulting Benjamin has also acquired more than 15 years of professional working experience in government statutory boards, SMEs and Multinational Corporations in several industries at strategic and operational levels in Singapore and the region.
SMEs will receive Project Scope with Deliverables, Proposal and Recommendations to close identified gaps upon diagnosis of Human Resources subject to eligibility and project engagement confirmation. Upon project completion a Capability Development Report tailored to needs of SMEs will be delivered for submission to SPRING Singapore.
Press/Publication Features on CDG
Recruitment & Selection, Compensation & Benefits and Performance Management of Sun Lim Garden Foodstuff's was featured in Straits Times, 12 January 2012.
Recruitment and Selection of Sun Lim Garden Foodstuff was also featured in SPRING Singapore's Managing Human Resources for Business Growth.
New HR Trends and Strategies was published in Singapore Business Advisors and Consultants Council PMC Connect in April-May 2015.
Benjamin Chan developed and customised Human Resource strategies, best practices, guidelines, processes, procedures, tools and templates in recruitment & selection, compensation & benefits and performance management to suit the needs of my Company. He is very professional, systematic, analytical, honest, reliable and independent in judgement. I would strongly recommend him for HR consultancy projects.