New Co-op Grant
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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 New Co-op Grant can be used to offset expenses such as

  1. Capital expenditure - e.g. office equipment
  2. Operating expenses - e.g. staff cost relating to start the co-operative
  3. Other support areas - e.g. areas of expertise and support, endorsement, referral aspects of the business but will be subject to CCF Secretariat’s approval

Funding Quantum

Approved applicants are co-funded for up to 3 years.

The amount of funding for the respective years (subject to cap) are specified below:

Year Funding Quantum Capped at
Year 1 Up to 85% $90,000
Year 2 Up to 70% $75,000
Year 3 Up to 55% $45,000

Who can apply?

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

Application

To apply, please download application form and submit to:

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Attn: CCF Secretariat

Singapore National Co-operative Federation
510 Thomson Road
#12-02 SLF Building
Singapore 298135
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For more information, email us or contact your respective SNCF Relationship Manager.

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Singapore National Co-operative Federation
510 Thomson Road #12-02
SLF Building, Singapore 298135
Email: sncf@sncf.org.sg
Tel (65) 6602 0747, Fax (65) 6259 9577

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