Now that we’re in Phase 3 of Singapore's safe re-opening, we’re quite fortunate to have some semblance of normality in our lives and are able to venture out to help our vibrant cocktail industry survive. But the sad reality is that these local bars continue to feel the effects of the on-going pandemic, especially with the Covid-19 measures still in place.
That’s why it’s heartening to know that the Singapore Cocktail Bar Association (SCBA) has launched two new funds to ease the burden of its close to 60 member bars. The funds are supported by corporate members as well as Enterprise Singapore’s (ESG) “SG Together Enhancing Enterprise Resilience (STEER)” programme.
In Singapore, high rental continues to be a problem for bar owners. SCBA has raised S$75,000 ($50,000 from corporate sponsors and $25,000 from STEER) to be used for rental relief. While all member bars can apply for the grant, provided their revenue in phase two was negatively affected by a minimum of 35 per cent, priority will be given to those independently owned and have been operating for less than a year. Those who are successful will receive a month’s worth of rental money, not exceeding $20,000. Application for the rental relief fund is open from now until April 30, 2021.