Impact Evaluation of SPRING’s Capability Development Grant Scheme
The Capability Development Grant (CDG) scheme is a financial assistance programme administered by SPRING that aims to help local firms, especially small- and medium-sized enterprises (SMEs), build capabilities and become more competitive. This study evaluates the impact of the scheme on the revenue of firms that participated in the scheme.
Our findings show that firms’ revenues were, on average, 9.3 per cent higher after embarking on projects supported by the CDG scheme. Across the various project areas, productivity improvement projects were found to have the largest impact on revenue, at 12.4 per cent on average, compared to 7.8 per cent for technology innovation projects and 6.7 per cent for other types of projects.
The views expressed in this paper are solely those of the authors and do not necessarily reflect those of the Ministry of Trade and Industry or the Government of Singapore.
Please click here for the full article.