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Extra help gives co-ops a needed lift
Grant, contribution waiver help with operational needs and boost spirits too
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Mr Louis Puah (centre) facilitating a role-playing game on issues related to at-risk youth in Singapore in 2019. The activity was conducted by A Good Space, which was officially set up as a co-op in March last year and brings together people who want to do more for social issues such as climate change or supporting migrant workers and low-income communities.
PHOTO: A GOOD SPACE CO-OPERATIVE
Jolene Ang
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Even as the Government rolls out support packages for businesses affected by the Covid-19 pandemic, a small group of businesses that are run as cooperatives (co-ops) are getting extra help.
Last month, the Singapore National Cooperative Federation (SNCF) announced an extension, for this year, of the waiver of initial Central Cooperative Fund (CCF) contributions amounting to 5 per cent of co-ops' first $500,000 of surplus funds.
