Question

Mr Gerald Giam Yean Song: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) what is the total amount of Government subsidies, grants and other financial support provided to Ubisoft Singapore from 2008 to 2024; (b) what specific key performance indicators and conditions are attached to the support provided in terms of local talent development, leadership roles for Singaporeans, and knowledge transfer; and (c) what mechanisms exist to claw back subsidies if companies fail to meet these conditions.

Oral Answer (to be attributed to Minister of State for Trade and Industry Alvin Tan)

1. The Government has a suite of economic incentives and tools to attract investments and support companies to grow and transform their businesses. Companies that receive Government support are required to meet key outcomes, such as job creation and local employment, business spending, or fixed asset investment. The level of support and conditions vary depending on the nature of the project. The Government has mechanisms to claw back subsidies from companies that fail to meet the imposed conditions.

2. We are unable to disclose the details of agreements with individual companies due to confidentiality clauses and commercial sensitivities.