Singapore Government launches S$500 million co-investment programme

The Singapore government has announced the launch of a S$500 million co-investment programme. The programme is the first phase of a broader proposal to mobilise up to S$1.5 billion of new, long-term growth capital over the next 10 years to create a pipeline of Singapore-based globally competitive companies.

Forty (40) percent of the capital will be directed to "growth-oriented" SMEs with annual revenue below S$100 million, with the rest going to companies with revenue below S$500 million. The government will provide half the capital, with the remaining coming from the private sector.

Analysts say the programme will primarily benefit companies that are more mature and need some mid-stage funding when they hit annual revenue of around S$60 million. To qualify for funding, a company must have its headquarters in Singapore, with the chief executive and three other strategic decision makers residing in the Republic.