Business Adaptation Grant Checklist: Apply Faster

This checklist helps you prepare and submit your Business Adaptation Grant (BizAdapt) application. BizAdapt supports companies affected by tariffs to adapt operations and supply chains.

Eligibility Quick Check

Before starting, confirm you meet these requirements:

Supported Activities

BizAdapt covers four activity types (one per application):

8-Step Application Process

Step 1: Identify Your Activity

Determine which activity type applies to your situation:

• Activities 1-3: Must use BizAdapt pre-approved vendors
• Activity 4 (Reconfiguration): Select any vendor of your choice

Step 2: Gather Financial Documents

Prepare the following:

• Financial statements for past 3 years (audited or management accounts)
• Profit and loss statements (signed by authorised person)
• Balance sheet statements (signed by authorised person)

For corporate groups:

• Ultimate corporate group financial statements (past 3 years)
• ACRA bizfile of holding companies/subsidiaries
• Corporate group structure diagram
• SGX Shareholder report (if parent is SGX-listed)

For new companies (<1 year):

• Current unaudited financial statements endorsed by shareholder/director

Step 3: Prepare Supporting Documents

Trade impact evidence:

• Export licence to US or tariff-impacted markets
• Export declarations and customs documents
• Certificate of incorporation of overseas subsidiaries
• Proof of shareholding percentage (for subsidiaries)

For reconfiguration projects:

• Factory certificate and production capacity documents
• Proof of local or overseas manufacturing operations

Step 4: Get Vendor Quotation

Your quotation must include:

• Detailed scope of services
• Expected project deliverables
• Cost breakdown by scope
• Company name matching ACRA Bizfile exactly (no abbreviations)
• Letter of Support from pre-approved vendor (Activities 1-3 only)

Important: Quotation must be addressed to your full registered company name (e.g., “ABC Global Pte Ltd” not “ABC Global”).

Step 5: Apply on BGP

1. Log in to Business Grants Portal with Corppass
2. Complete application form
3. Upload all documents
4. Submit application

Timeline: Submit within 6 months of project start date.

Processing time: 8-12 weeks for complete applications.

Step 6: Accept Letter of Offer

When approved, you’ll receive a Letter of Offer containing:

• Conditions of support
• Grant amount awarded
• Project qualifying period
• Required deliverables

Accept the Letter of Offer within the specified deadline.

Step 7: Complete Your Project

During project execution:

• Meet all deliverables as specified in Letter of Offer
• Submit change requests on BGP if needed for:
  • Project start/end date changes
  • Claim due date changes
  • Cost or vendor changes

Step 8: Complete Audit and Claim

Audit requirement: All BizAdapt claims require audit.

1. Engage an auditor from EnterpriseSG’s Pre-Qualified Panel
2. Audit cost: From S$200 (supported up to 50%, capped at S$500)

Documents for audit:

All activities:

• Statement of Claim
• Invoice(s)
• Payment proof (bank statement, credit card statement, or PayNow receipt)

Activities 1-3 (additional):

• Invoices from pre-approved vendors
• Project deliverables:
  • Activity 1: Assessment report and customised manual
  • Activity 2: Contract amendments report, revised legal agreement
  • Activity 3: Impact analysis report, financial modelling spreadsheet, risk response plan

Activity 4 (additional):

• Invoices and receipts from suppliers
• Warehousing invoices and receipts

Submit claim on BGP with:

• Audit report
• Statement of Claim (endorsed by auditor)
• Project deliverables

Disbursement: Approximately 14 working days via PayNow Corporate after claim approval.

Funding Summary

Common Pitfalls to Avoid

• Starting before approval: Do not commence activities before receiving Letter of Offer
• Wrong company name on quotation: Must match ACRA Bizfile exactly
• Missing trade impact evidence: Document how tariffs affect your business
• Using non-approved vendors for Activities 1-3: Pre-approved vendors required
• Incomplete audit documentation: Keep all invoices and payment proofs

Related Guides

• Business Adaptation Grant - Main Guide - Full eligibility and funding details

• BizAdapt vs EDG Decision Matrix - Choose between tariff support and transformation funding

• First-Time Application Checklist - General grant application preparation

• Corppass Setup Guide - Set up Corppass for BGP access

• Grant Pitfalls Guide - Common mistakes to avoid

• Singapore Grants Glossary - Key terms and definitions

• Enterprise Development Grant Singapore

Official Links

• Business Adaptation Grant - Enterprise Singapore
• Business Grants Portal
• BizAdapt Pre-Approved Vendors
• Corppass