CCF Grant Framework
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Financial Boost for New Co-operatives

The Central Co-operative Fund Commitee (CCFC) established the Grant for New Co-operatives  in 2008. Co-operatives with approved funding will be subject to quarterly follow-up evaluation, where they will be assessed based on their business objectives and their progress in social mission.

The funding aims to defray initial set-up costs and operating expenses to create financially and economically sustainable co-operatives. This aligns with SNCF's goals of developing a dynamic, vibrant and innovative co-operative movement in Singapore.

The funding is on a cost-sharing basis that will be seeded for up to 3 years.

Year 1 Up to 85% or $90,000, whichever is lower
Year 2 Up to 70% or $75,000, whichever is lower
Year 3 Up to 55% or $45,000, whichever is lower

Eligible funding items:

  • Capital expenditure eg. Office equipment
  • Operating expenses eg. Staff cost related to start the co-operative

Other areas of support:

  • Areas of expertise and support
  • Endorsement
  • Referral aspects of the business

Individual items are subjected to SNCF's approval.

Who can apply:

  • Newly registered co-operatives (within 24 months of registration)

 

To apply, please download application form and submit to:

Attn: CCF Grant
Singapore National Co-operative Federation
510 Thomson Road #12-02 SLF Building Singapore 298135

For more information, email us or contact your respective SNCF Relationship Managers.

 

CCD Grant

Enhancing productivity, innovation, efficiency, capability & governance of existing co-operatives

The CCFC launched the Capacity and Capability Development (CCD) grant with the objective of encouraging existing co-operatives in Singapore to better themselves. The grant supports co-operatives in capacity development, capability training, and consultancy services.

Capacity Development (available every 3 years)

  • Facilities enhancement
  • Info-comm technology (Hardware)
  • Software & systems
1 Category only 2 or more Categories
1st Tier: Up to 50% of cost incurred. Capped at $8,000, whichever is lower 1st Tier: Up to 50% of cost incurred. Capped at $10,000 per year
2nd Tier: Up to 50% of cost incurred. Capped at $15,000, whichever is lower 2nd Tier: Up to 50% of cost incurred. Capped at $20,000 per year

*Tier refers to CCF levy contributors

Capability Training (available annually)

Co-operatives may apply every year and funding will be on reimbursement basis. Claim period will be within training year.

SNCF Courses (Overseas) SNCF Courses (Local) SNCF Approved Courses
Up to 80% of overseas registration fees. Capped at $1,000 per pax & max of 2 pax per co-op per course Up to 80% of the fees, capped at $1,000 per participant Up to 80% of the fees, capped at $1,000 per participant

*Effective from 10 October 2016

Consultancy Services (available annually)

To comply with regulatory requirements through hiring a CPA or a qualified consultant.

  • Up to 15% of Co-op's total contribution. Capped at $8,000 or $15,000 depending on criteria set.

 

To apply, please download application form and submit to:

Attn: CCF Grant
Singapore National Co-operative Federation
510 Thomson Road #12-02 SLF Building Singapore 298135

For more information, email us or contact your respective SNCF Relationship Managers.

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