Grant Information - Employment and Employability Institute

For WorkPro grant recipients that have successfully fulfilled all deliverables and outcomes within the Period of Funding stipulated in the Letter of Offer, please complete and submit the following documents to e2i within 2 months from the End Date of aforementioned Period of Funding:

For PD/PnT/TnP/PCP grant recipients that have successfully fulfilled all deliverables and outcome within the Period of Funding stipulated in the Letter of Offer, please complete and submit the following documents to e2i in accordance to the submission timeline stipulated in your Letter of Offer:

Overview

Companies/Employers who tap on e2i’s Grant to run programmes costing above $100,000 are required to submit an externally audited Grant Certification Note for the programme.

The Grant Certification Note has to be submitted within 3 months from the end of each programme year, and up to a maximum of 6 months from the end of the funding period.

For the avoidance of doubt, Companies/Employers shall also submit the Grant Certification Note in all cases where the Company/Employer is disqualified from receiving the Grant and when the Company/Employer chooses to withdraw the Programme from the Grant.

Please be informed that the Grant Certification Note should be submitted to e2i if the company’s programme:

  • Costs above $100,000 and;
  • Taps on e2i Training Grant

Download Sample Grant Certificate Note here

Overview

Companies/Employers who tap on e2i’s Grant to run programmes costing above $5 million are required to submit an externally audited financial audit report, in addition to the Grant Certification Note.

The financial audit report has to be submitted within 3 months from the end of each programme year, and up to a maximum of 6 months from the end of the funding period.

For the avoidance of doubt, Companies/Employers shall also submit the financial audit report and Grant Certification Note in all cases where the Company/Employer is disqualified from receiving the Grant and when the Company/Employer chooses to withdraw the Programme from the Grant.

Please be informed that the Financial Audit Report should be submitted to e2i if the company’s programme:

  • Costs above $5 million and;
  • Taps on e2i Training Grant

Download Sample Financial Audit Report here

How to Withdraw

Companies/Employers who tap on e2i’s Grant to run programmes, and wish to withdraw the programme from the grant prior to its completion will have to write to e2i with its reasons for withdrawal.

Please submit a Letter of Withdrawal if you are a company/employer who wish to withdraw an existing programme with e2i under the following:

  • Inclusive Growth Programme
  • e2i Training Grant (for PD/PnT/TnP/PCP)

*Note: All amounts received under the Grant (including interest on the sum, if any) prior to the termination of the project will have to be repaid to e2i.

Download Letter of Withdrawal Template here

Taxability of Grants to Business

The nature of a grant and its taxability is dependent on the purpose of giving the grant (i.e. the grantor’s motive). In general, all grants extended to businesses are taxable, except for grants that are capital1 in nature.

Taxability of Grants from Ministries and Statutory Boards

Grantor’s Motive Nature of Grant Tax Implication Example
(i) To supplement income or defray operating costs Revenue Taxable Grants for training employees or meeting rental expenses
(ii) To fund infrastructure or fixed asset investments Capital Not taxable Grants for acquiring machinery
(iii) To fund project without stating specifically whether funding is to defray operating costs (i) or to fund infrastructure (ii) Revenue Taxable Grants for funding a project without stating whether it is to be used specifically for training employees or acquiring machinery (hybrid grants2 )

1 Generally, grants disbursed to businesses specifically earmarked for funding of infrastructure or fixed asset investments are considered capital in nature.

2 Subject to the achievement of certain desired outcomes, a Ministry or Statutory Board may allow the freedom to utilise the approved funds as they deemed fit. Such grants or financial support are otherwise known as “hybrid grants”.