Singapore raises Water Efficiency Fund cap to $5m 

This is up from only $1m.

Singapore’s national water agency PUB has raised the funding cap under the Water Efficiency Fund to $5m, starting 1 July. 

This is an increase from the current $1m funding cap for water recycling projects. 

“Water conservation is increasingly becoming an integral part of companies’ operations and business sustainability strategy. By implementing water recycling and water efficient systems, companies can make an immediate impact and reduce their water demand, achieve cost savings, and strengthen their long-term competitiveness and resource resilience,” Ridzuan Ismail, Director of PUB’s Water Supply Network Department,” said.

“This will also ensure sustainable growth in long-term water demand in Singapore. The enhancement of WEF is yet another step that we are taking to support companies in their water conservation efforts, and safeguard our water future.”

Read more: IMDA, STB launches $10m on-screen Fund

The PUB also raised the funding cap for Industrial Water Solutions Demonstration Fund to $5m from $4m.

It also increased the co-funding ratio for water efficiency assessments and pilot studies to 70% from 50% and the funding cap to $150,000 from $50,000. 

PUB will also provide expanded support for various project categories under WEF to incentivise more companies to adopt efficient and innovative ways of managing water demand.