$24 billion will be spent over the next 3 years to help workers and businesses emerge stronger.

$24 billion will be spent over the next 3 years to help workers and businesses emerge stronger.

The efforts will build on the momentum of the transformation push started five years ago, when the Industry Transformation Maps were launched.

The SGUnited Jobs and Skills Package is a key pillar in our industry transformation, to enable Singaporeans to learn and thrive, as our jobs and workplace change, and as businesses transform.

As of end last year, nearly 76,000 individuals were placed into jobs, traineeships, attachments, and skills training. Under the Jobs Growth Incentive, or JGI, an estimated 110,000 local jobseekers were collectively hired within two months from the implementation of the scheme.

Through the next phase of the SGUnited Jobs and Skills Package, we have set aside the budget to support the hiring of 200,000 locals this year through the JGI, and provide up to 35,000 traineeship and training opportunities to continue to support jobseekers in upskilling and accessing employment opportunities.

The NRF will be supporting about 500 Fellowships under the new Innovation and Enterprise Fellowship Programme, or IFP, over the next five years, to meet needs in areas such as cybersecurity, artificial intelligence and health tech. It will work with a range of partners, including accelerators, venture capital firms and deep tech startups.