Mr Leon Perera: To ask the Minister for Trade and Industry (Industry) (a) how many times were awarded Government incentives clawed back from companies in each of the last five years; and (b) what were the main reasons for the claw-backs.
Oral Answer (To be attributed to Minister for Trade & Industry (Industry) Mr S Iswaran)
- From 2013 to 2017, there were on average about 100 cases per year where MTI agencies had to claw back incentives from companies they were awarded to. This made up less than 1% of total incentive cases over the same period. These cases were largely attributed to non-fulfilment of deliverables or non-compliance with terms and conditions that were set out before the commencement of the projects.