The SCAL COVID-19 Fund was launched on 8 May 2020 by the Singapore Contractors Association Ltd (SCAL) to help the construction sector ride through the COVID-19 pandemic. The Fund provides eligible member firms with temporary relief to ease their financial difficulties. A total of about $1.12 million has been raised through the generous contributions from SCAL members, with matching funds from SBF Foundation and the Building and Construction Authority, and tapping on the SG Together Enhancing Enterprise Resilience (STEER) programme through Enterprise Singapore.
In partnership with SBF Foundation, the SCAL COVID-19 Fund has been inaugurated as the SCAL-SBF Foundation Compassion Fund. SCAL is one of the pioneer industry leaders to set up the industry-led Compassion Fund. SCAL members can now apply for the Fund to help provide financial and other support to their employees.
To be eligible for support under the SCAL-SBF Foundation Compassion Fund, the firm must be a SME1 SCAL member (Ordinary/Associate/Trade member) or registered under the Singapore List of Trade Subcontractors (SLOTS) registration scheme as at 1 April 2020. The firm will also be assessed on its financial difficulty. Eligible companies can receive a one-time support capped at $3,000 based on its local and foreign employee headcount.