National Business Continuity Management (BCM) Focal Point
Through the National Business Continuity Management (BCM) Focal Point, companies can apply for support to help defray part of the following cost involved in getting their organization BCM ready;
Coverage includes -
- Salary/training of staff involved in the BCM certification project
- Cost of engaging 3rd party consultancy to support SS 540 or equivalent certification
- BCM certification cost *
- IT hardware/software needed to implement BCM
1. Small and medium enterprises (SMEs) can get up to 50% subsidy to be certified in the Singapore Standard (SS540) in Business Continuity Management.
2. Larger business forming consortiums** with SMEs critical to their businesses can get up to 70% subsidy to be certified.
*With immediate effect, SAC accredited certificate is mandatory for companies getting SS540 certification.
**(Forming consortium with at least 2 local SME suppliers. For bigger consortium, the general guideline will be to have at least half the group comprises of SMEs.)
With effect from 1st April 2012, companies applying for funding will be subjected to the new guideline. For more information on the guideline, please click here.
Criteria for SMEs
a. Registered or incorporated in Singapore
b. Physically present in Singapore
c. At least 30% of shareholding is local
d. Annual sales turnover of not more than $100 million or employing no more than 200 staff+
+ As of 1st April 2011
Company can also apply for the enhanced deductions / allowances under the Productivity and Innovation Credit ("PIC" -Click here for more details) for qualifying expenditure net of the grant and subsidy received.
For more information on how your company can apply for support and for a list of consultants and certification bodies, please contact SBF at:
Email: bcm@sbf.org.sg
Tel: 68276867
To download the application form for Business Continuity Management Programme, please click here.