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Parliament Q&A
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14 OCT 2025
Written reply to PQ on Support Provided to Swedish Car Maker to Set Up RD Office in Singapore and Clawback Penalties Imposed Following Closure Eight Months after Launch
Written reply to PQ on Support Provided to Swedish Car Maker to Set Up RD Office in Singapore and Clawback Penalties Imposed Following Closure Eight Months after Launch
Question
Mr Chua Kheng Wee Louis: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) what are the various forms of financial and non-financial support provided by the Economic Development Board for the establishment of a Swedish car R&D office in Singapore; and (b) whether there are clawback provisions and penalties imposed on the company for the closure eight months after its launch.
Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong
1. Companies that receive support from the Government must meet certain economic outcomes, such as job creation and local employment, business spending, or fixed asset investment. The Government has mechanisms to claw back subsidies from companies that fail to meet these outcomes.
2. We are unable to share specific details of individual companies due to commercial sensitivities and confidentiality requirements.