It can be used to offset expenses such as:
The funding quantum and caps are specified below:
|Year||Funding Quantum||Cap at
|1||Up to 85% of actual expenses||$100,000|
|2||Up to 70% of actual expenses||$ 70,000|
|3||Up to 55% of actual expenses||$ 40,000|
|Total for 3 Years||
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 the CCF, 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 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. The Co-operative must submit a quarterly progress report on key performance indicators listed in the Grant Agreement timely. If the Co-operative is late in submitting the progress report, a penalty of $500 will be levied for the first late submission and a $1,000 penalty will be levied for each subsequent late submission. Unutilised claim for the quarter will be forfeited as rolling over to the subsequent quarter is not allowed. For this purpose, the entitled claim for each quarter will be calculated based on equal distribution of maximum grant given for the year.
To apply, please download application form and submit:
1. Following worksheet tabs in the Application Forms*:
• CCF New Co-op Grant Front Page
• CCF New Co-op Grant - Summary
• Any other tabs applicable
Kindly ensure every single worksheet tab submitted is signed.
2. Supporting Documents e.g. invoices, receipts, certificates etc.
Completed documents are to be sent via email to your respective Relationship Manager (SNCF affiliates) or email us.
Alternatively, you can send via post to:
Singapore National Co-operative Federation
510 Thomson Road
#12-02 SLF Building