Land Productivity Grant
Companies that are interested to optimise land use through domestic or overseas relocation can tap on the Land Productivity Grant (LPG) to defray part of the initial cost arising from the relocation. The supportable cost components would be one-time, non-capital expenses related to the relocation.
Funding support for approved projects will be between 10% and 70% of the qualifying costs, and is dependent on the amount of land freed up and the remaining lease term
Local and foreign enterprises can apply for LPG if they meet the following criteria:
• Company has to be physically present and registered in Singapore
• Company has to be currently situated on industrial land
• For overseas relocation, company must demonstrate strong linkages from the relocated activities to the activities carried out in Singapore
• Company must generate a minimum of 0.1 hectare (ha) of land savings