There are various startup schemes and government grants provided by the government in Ang Mo Kio Singapore that you can benefit from. There are a number of business support grants for companies to help them overcome obstacles in their growth. Overall aim of these grants is to help businesses in capability upgrading and internationalization.
Government knows the important role that its startups and SMEs play in its economy and hence support these entities with business support grants. Financing is one of the most fundamental aspects of starting and growing your business. There are hundreds of government grants available for small businesses that help in saving money, lowering startup costs and helping grow your business.
Business support grants are small amount of seed money that further the goals of federal, state, or non-profit organizations. Unlike a loan, you don’t have to repay it. Most business support grants in Ang Mo Kio are awarded to help launch a start-up or new business, with the aim to generate jobs and stimulate the economy. There are fewer grants available for established businesses.
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Government can assist businesses in two ways- financial help and administrative support. Understand what government grants are available to businesses. Grants are available to sole traders, partnership, limited companies and social enterprises.
Now grants aren’t just government funded as more and more organizations develop grants program in Ang Mo Kio. Grants are now offered by government, private agencies, universities, corporations and humanitarians.
Business grants are available in all kinds of forms. Generally, business support grants are either a direct grant, equity finance or a soft loan. Direct grant is money given to your new business to cover startup essentials such as investment in equipment, training or reaching new markets. Equity finance, not strictly a grant, offers reduction in income tax on investment made in new businesses. Soft loans are actually loans with lower interest rates and more generous terms than other lending.
How does someone qualify as a veteran? What jobs await these veterans when they return home injured and disabled for life? What benefits does a veteran qualify for? What is Veteran job training and can it help a veteran? These questions may have bothered you while watching that news about soldiers, medics, engineers, and other military personnel going to war and then getting disabled for life.
You might have pitied their situation and wished there was something you could do for them. The fact is, it is not unusual that a veteran who returned from the war would have post-war trauma. In some cases, because of the trauma that the war causes, the veteran becomes homeless and sometimes completely disabled physically and mentally.
The Veteran
Any military service member who served the army for 180 days during both peace and war-time is entitled to have the veteran status as long he or she was given an honorable or general discharge. Upon receiving the veteran status, this person can avail of the different benefits that the government offers for this war heroes and heroines.
The Benefits
Veteran benefits vary greatly from one veteran to another depending on the degree of disability, time served, number of dependents and other factors. Here is a list of different benefits that a veteran will receive once he or she returns home:
• Disability Benefits. A veteran who was injured during active duty is entitled to receive disability benefits. The amount is tax-free and is dependent on the degree of disability received by the veteran.
• Health Care. The Department of Veteran Affairs will provide veterans low-cost health care packages once they enroll themselves in the VA Health Care System. The benefit includes free dental treatment, counseling sessions, for post war trauma and other neurological disorder because of the war, and more.
• Pension. This is usually for veterans who are over 65 years old or those who were totally disabled because of active duty. The amount may vary on the number of the veteran's dependents.
Jobs for Veterans
Sometimes instead of providing pensions and monthly stipends, the VA resort to providing Veteran job training. The Veteran job training program is also a way to encourage those veterans who were partly disabled by the war to return to society. The Veteran job training program was created to encourage veterans to try to live their lives normally despite of the injury, trauma or disability they have received. The VA focuses on skills that neglect the use of the veteran's disabled part. Here is a short list of different programs that the VA Veteran job training program offers:
• Basic Computer Literacy
• Computer related courses such computer repair, application, network and computer systems, support, office and administration support and database administrators
• Culinary Arts Training Program
• Healthcare training programs such EMT basic training, medical support specialists and medical assistant.
• Specialist for Inventory Control Training Program
• Basic Website Designs Training Program
After the veteran successfully finished one or a few of these training programs; they will not be left alone. The VA also promises to help the veterans search for jobs and job placement. The VA also ensures that veterans who choose to reintegrate themselves to the society are constantly followed up for the next nine months.
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Many programs can assist small business to access professional advice and support in critical early stages of establishing a business. While there are a lot of grants available, getting a business support grant from the government can be a challenge. Government grants are often complex with lots of processes and stages, and each grant will have its own requirements and criteria for applying.
While being awarded a grant is winning, they are notoriously hard to acquire. Not only are grants programs highly competitive, they can take months to process. Aside from finding one you’d be eligible for, you have to compete with other companies for the same. The other downside is that grants usually come with specific instructions on how you can use the money.
A grant for companies in Ang Mo Kio Singapore can give your business a huge leg up and can be a great alternative to traditional finance. To apply for grants, first become familiar with the process. Eligibility for grants will vary depending on the grant in question.
Do your research. Identify programs that are a match for your business. Apply for the grant and submit eligibility requirements. Keep in mind that you’ll need to meet certain criteria to be eligible.
United Kingdom residents who are between the ages of 18 and 60 may be entitled to a family income support benefit if they are working less than 16 hours per week. Children between the ages of 16 and 17 are rarely entitled to such a benefit, although there are exceptions for lone parents and students who are following a training course approved by the government.
In the case of a person living with a partner, only one partner may claim a family income support benefit on behalf of both people. In order to remain eligible for this benefit, a person's partner may not work more than 24 hours in a given week. If you claim on behalf of both yourself and your partner, their assets shall be taken into account along with your own. This policy is not intended to be discriminatory and applies equally to heterosexual and homosexual couples, regardless of marital status.
Residents of England, Scotland or Wales must open a claim application by telephone. There are freephone numbers available for both English and Welsh speakers. You may also visit a Jobcentre Plus location to make a claim in person; however, you likely shall be guided to use a public telephone to finish the claim. Northern Ireland residents should visit their local Jobs and Benefit Office or download a claims form via the Internet for job seekers allowance.
Applying for a family income support benefit requires a national insurance number. Claims representatives can look up a misplaced number if given evidence of your identity such as your birth certificate. If you do not possess a national insurance number, you must apply for one prior to applying for a family income support benefit. Partners must both provide their numbers. You will also be required to provide proof of your income within a month of making your application.
The Department for Work and Pensions takes benefit fraud quite seriously, so you must supply all information to the best of your ability and report any change in income or circumstances straight away. If you are not confident about the application process, you may consult with an adviser via your Citizen Advice Bureau.
Once your application has been accepted, the Department for Work and Pensions shall determine your benefit amount. You will receive a personal allowance based on your needs. In certain cases, you shall also receive a benefit due to higher living costs related to a disability or medical condition.
Each scheme is different. Check you meet the general terms and conditions. Talk to the grant body to assess chances of success. Read grant objectives carefully. Have a great business plan.