To help enhance co-operatives’ capabilities, governance and operational efficiency, the CCF Development Grant will be available every year.
It provides co-funding to co-operatives to cover various qualifying expenses.
The funding quantum and caps are specified below:

The total amount of CCF Development Grant that can be claimed by a co-operative each year is capped according to the applicable Tier A, B, C, or D. The tiering is based on the co-operative’s latest CCF contribution. 

The CCF Contribution Tiers are as follows:

 *Or would have made contributions to CCF if not for any waivers of CCF contribution granted.

PREREQUISITES AND CONDITIONS

a.   The Co-operative must be registered with the Registry of Co-operative Societies. 

b.   The Co-operative is not receiving or has not received any other grants from CCF (except for the Special Grants), a government agency and/or other organisation for the same expense item.

c.   Endorsement from the Co-operative’s Committee of Management indicating their support for application.

d.   For goods or services above $3,000 in value, the Co-operative needs to show that it has obtained a minimum of three quotations from vendors of comparable scope. 

e.   Grant applications submitted are for expenses incurred not more than 12 months ago.

f.    The Co-operative must not have outstanding CCF contributions or late payment penalties.

g.   Grant must only be used for the Co-operative’s expenses. It cannot be used for its subsidiary (if any) that is registered as a company.

h.   The Co-operative must submit the invoice and proof of payment to the vendor.

i.    For consultancy and other professional services, the Co-operative must provide the contract or agreement with the vendor.

j.    For the Salary (Accountant), the Co-operative must provide:

     • Certified true copy of degree/diploma certificate or any other documentary proof;
     • Copy of employment contract;
     • Letter from the Co-operative’s Chairman/CEO/CFO/COO to confirm employment status;
     • Diploma holder needs to have a minimum three years of accounting experience; and
     • Grant is only applicable for salary expense of one full-time accountant. 
k.   For claims under the “Going Phygital” category (valid till 31 Mar 2023), the following conditions apply:

     • The phygital event should be for the purpose(s) of:
     • building a new capability or strengthening a capability (such as talk or seminar); and/or
     • promoting the co-operative’s goods and services.
     • The co-op can claim expense items related to the phygital event with supporting documents.

     Types of phygital events that are not eligible: 
     • where the main objective of the event is to reward staff or members (e.g. Dinner & Dance);
     • general meetings of members (e.g. annual general meetings);and
     • events related to business operations (e.g. staff training).

APPLICATION

To apply, please download application form and submit:

1. Following worksheet tabs in the Application Forms*:

     • CCF Development Grant Front Page
     • CCF Development Grant - Summary
     • Any other tabs applicable
     
Kindly ensure every single worksheet tab submitted is signed.