Breakdown on Disbursement of Agriculture Productivity Fund to Companies

Mr Leon Perera asked the Minister for National Development (a) how much of the Agriculture Productivity Fund has been disbursed to date; (b) how many companies have received funding support from the Fund; (c) how much of the financial disbursement has been to locally-owned enterprises; and (d) how many of these disbursements are related to indoor/vertical farming.

Mr Lawrence Wong: Over $13 million has been awarded to 74 farms from the Agriculture Productivity Fund (APF) to date, of which over $7 million has been disbursed. Local enterprises received more than 90% of the funding disbursed. 14 of the farms are vertical or indoor farms. The AVA account managers will continue to facilitate the farmers’ efforts to transform their operations with the APF’s support.