Singapore offers over 10 government grants specifically designed for SMEs. This guide covers the 10 most relevant schemes, their eligibility requirements, funding amounts, and how to apply. Whether you need IT solutions, overseas expansion support, or workforce development, there is a grant for your business.
Start Here (Quick Pick)
Not sure which grant fits your needs? Use this quick reference:
- Off-the-shelf IT solutions → PSG
- Custom business transformation → EDG
- Entering overseas markets → MRA
- Energy-efficient equipment → EEG
- SkillsFuture training credits → SFEC
- Digital advisory for micro-SMEs → ADS
- Business loans with gov risk-sharing → EFS
- Tariff/supply chain adaptation → BizAdapt
- Progressive wage compliance → PWCS
- Sustainability reporting → SRG
Common Eligibility Rules
Most SME grants in Singapore share these four baseline requirements:
- Apply before you pay. Submit your grant application and receive approval before committing to any purchase, contract, or project expenditure. Costs incurred before approval are not claimable.
- Match your ACRA entity. The applicant must be a business entity registered with ACRA. The grant application, invoices, and payments must all be under the same UEN.
- No double-dipping. You cannot claim the same cost item under multiple government grants. Each expense can only be supported by one scheme.
- Meet SME status criteria. Your business must be registered and operating in Singapore, have annual turnover below S$100 million or fewer than 200 employees, and maintain at least 30% local shareholding.
The 10 Key SME Grants
1) PSG — Productivity Solutions Grant
Use PSG when: you want to adopt pre-approved, off-the-shelf IT solutions and equipment to improve productivity.
How much: Up to 50% of qualifying costs, capped at S$30,000 per year across all PSG-supported categories.
Key requirements:
- Select solutions from the pre-approved PSG vendor list
- Business must have been registered for at least 3 months
- Solution must be used in Singapore
How to apply: Submit via the Business Grants Portal (BGP). Select your solution category, choose an approved vendor, and attach a quotation.
See more: Productivity Solutions Grant
2) EDG — Enterprise Development Grant
Use EDG when: you need funding for custom business transformation projects — upgrading operations, building new capabilities, or expanding into new markets.
How much: Up to 50% of qualifying project costs (up to 70% for companies on the enhanced support tier).
Key requirements:
- Project must strengthen your business capabilities in innovation, productivity, or internationalisation
- Must engage a vendor or consultant for project delivery
- Financial projections showing measurable business impact
How to apply: Submit via BGP. Prepare a detailed project proposal, vendor quotations, and projected outcomes.
See more: Enterprise Development Grant
3) MRA — Market Readiness Assistance
Use MRA when: you are entering a new overseas market and need funding for market research, business matching, or setting up overseas operations.
How much: Up to 50% of qualifying costs, capped at S$100,000 per new market per company.
Key requirements:
- Target market must be a new overseas market for your business
- Activities must directly support overseas market entry (e.g. market study, overseas marketing, business missions)
- Must have at least 3 local employees at the time of application
How to apply: Submit via BGP. Include your overseas expansion plan, target market details, and cost breakdown.
See more: Market Readiness Assistance
4) EEG — Energy Efficiency Grant
Use EEG when: you want to invest in energy-efficient equipment to reduce energy consumption and operating costs.
How much: Up to 70% of qualifying costs, with a base tier cap of S$30,000 per equipment category.
Key requirements:
- Equipment must be from the pre-approved list under the relevant category (e.g. LED lighting, air-conditioning, cooking equipment, refrigeration)
- Business must be in an eligible sector (food services, retail, manufacturing, construction, or maritime)
- Equipment must be installed and used in Singapore
How to apply: Submit via BGP 2.0. Select your equipment category and attach a vendor quotation from the approved list.
See more: Energy Efficiency Grant
5) SFEC — SkillsFuture Enterprise Credit
Use SFEC when: you want to use a one-off S$10,000 credit to offset costs for workforce training and enterprise transformation programmes.
How much: S$10,000 one-off credit per eligible employer, usable for supported programmes such as SkillsFuture courses, consultancy under EDG, or job redesign initiatives.
Key requirements:
- Employer must have contributed Skills Development Levy (SDL) for at least 3 calendar months
- Must have at least 3 Singapore citizen or PR employees in the qualifying period
- Credit is automatically applied — no separate application needed
How to apply: Auto-qualified employers receive notification via the SFEC portal. The credit is automatically offset against eligible programme fees.
See more: SkillsFuture Enterprise Credit
6) ADS — Advanced Digital Solutions
Use ADS when: your business needs advisory support to identify and adopt advanced digital solutions for growth and competitiveness.
How much: Varies by programme scope. Typically covers advisory engagement and solution deployment support.
Key requirements:
- Business must be an SME in an eligible sector
- Must be willing to commit to a digital transformation roadmap
- Engagement is facilitated through IMDA-appointed partners
How to apply: Apply through IMDA or appointed digital advisory partners. The process begins with a digital readiness assessment.
See more: Advanced Digital Solutions
7) EFS — Enterprise Financing Scheme
Use EFS when: you need business loans with government risk-sharing to fund working capital, trade financing, equipment, or mergers and acquisitions.
How much: Government shares loan risk with participating financial institutions. Loan quantum depends on the specific EFS component (Working Capital, Trade, Equipment, M&A, or Venture Debt).
Key requirements:
- Business must be registered and operating in Singapore
- Must have at least 30% local shareholding
- Loan purpose must fall under an eligible EFS component
How to apply: Apply directly through participating banks and financial institutions. The bank assesses creditworthiness; Enterprise Singapore provides the risk-sharing.
See more: Enterprise Financing Scheme
8) BizAdapt — Business Adaptation Grant
Use BizAdapt when: your business needs to adapt operations due to tariff changes, supply chain disruptions, or shifting trade conditions.
How much: Varies by project scope. Covers qualifying costs for supply chain restructuring, market diversification, and operational adaptation.
Key requirements:
- Must demonstrate business impact from trade or supply chain disruptions
- Project must address specific adaptation needs (e.g. sourcing diversification, production relocation, new compliance requirements)
- Must submit a clear adaptation plan with measurable outcomes
How to apply: Submit via BGP. Prepare a business impact statement and adaptation project plan.
See more: Business Adaptation Grant
9) PWCS — Progressive Wage Credit Scheme
Use PWCS when: you employ lower-wage workers and want a government co-funded offset for wage increases under the Progressive Wage Model.
How much: Government co-funds a portion of qualifying wage increases. The co-funding ratio and wage ceiling are set by the prevailing PWCS parameters for the year.
Key requirements:
- Employer must have given qualifying wage increases to eligible employees
- Employees must be Singapore citizens or PRs earning below the wage ceiling
- Co-funding is automatic — no application required
How to apply: Auto-qualifying. IRAS will notify eligible employers and disburse payouts based on CPF contribution data.
See more: Progressive Wage Credit Scheme
10) SRG — Sustainability Reporting Grant
Use SRG when: your business needs to prepare sustainability reports aligned with ISSB (International Sustainability Standards Board) standards.
How much: Up to 30% of qualifying sustainability reporting costs, covering consultancy fees for ISSB-aligned report preparation.
Key requirements:
- Business must be preparing or planning to prepare a sustainability report aligned with ISSB standards
- Must engage a qualified sustainability reporting consultant
- Report must cover the company’s environmental, social, and governance disclosures
How to apply: Submit via Enterprise Singapore. Attach a consultant quotation and project scope for your sustainability reporting engagement.
See more: Sustainability Reporting Grant
Application Checklist
Before you apply for any SME grant, make sure you have these ready:
- ACRA business profile — latest copy with up-to-date company information
- Latest financial statements — audited or unaudited, depending on grant requirements
- Project quotes or vendor proposals — from approved vendors (for PSG/EEG) or your selected consultant/vendor
- Corppass access — admin or authorised user access to log into BGP and other government portals
- PayNow Corporate or GIRO setup — linked to your company bank account for grant disbursement
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