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Singapore's sports industry to receive another S$25m in Covid relief measures

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[SINGAPORE] Minister for Culture, Community and Youth (MCCY) Edwin Tong on Thursday announced in Parliament a Sports Resilience Package (SRP) that will see a further S$25 million pumped into the sports sector as it deals with the effects of the coronavirus pandemic. Read more at The Business Times.

"All of them play an important role in our collective efforts to build a strong pipeline of athletes and to mould and shape , supporting them on their quest for competitive success on the international arena."

MCCY will provide a grant equivalent to about 25 per cent of each business' total operating expenses, capped at S$15,000 a month. As for support measures to enhance capability development, the Blended Initiative - launched in July to events management companies and organisers to adopt digitalisation as a core strategy - will be expanded to include private academies and clubs.

 

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Parliament: Another $25 million in Covid relief measures for Singapore's sports industryThe Sports Resilience Package will take support for the sports sector to $50 million.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »