Question

Ms Usha Chandradas: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) to date, how much investment has been channelled into arts-related businesses in Singapore as a result of incentives offered under the Global Investor Programme (GIP); and (b) what proportion of total GIP-related investments does this represent.

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1. The Global Investor Programme (GIP) accords Permanent Resident status to eligible global investors who intend to drive their businesses and investment growth from Singapore. It does not offer financial incentives.

2. There has not been any GIP investor in arts-related businesses in recent years. However, these investors may make voluntary investments or contributions to the arts industry. We do not track these voluntary investments.