Top SME Grants in Singapore 2025

Running a business in Singapore isn’t easy, especially when you’re trying to grow with limited time, funds, and people. The good thing is, you don’t have to do it all on your own. The Singapore Government offers several grants designed to help you improve how your business runs, adopt digital tools, or explore new markets.

In this guide, we’ve put together the main SME grants for 2025. You’ll get a clear idea of what each one covers, who’s eligible, and how they can help your business grow.

Let’s dive in and see which grants could make the biggest difference for you.

The Enterprise Development Grant (EDG) helps you take on bigger projects to grow your business sustainably. Whether you’re improving operations, developing new products, or expanding overseas, this grant can support your plans.

There are three main project areas you can apply for:

• Core Capabilities: strengthening foundations such as strategy or branding
• Innovation and Productivity: adopting new technology and improving efficiency
• Market Access: supporting overseas growth and expansion

Grant amount

• Up to 50% of eligible project costs for local SMEs
• Covers consultancy, software, equipment, and internal manpower

Eligibility

• Registered as a business entity in Singapore and operating locally
• At least 30% local shareholding (owned directly or indirectly by Singaporeans or permanent residents)
• Can pay for the project first and keep the business running until getting reimbursed.

How to apply

1️⃣ Log in to the Business Grants Portal (BGP) with your CorpPass.

2️⃣ Prepare your project proposal, cost breakdown, and supporting quotations.

3️⃣ Submit your application for EnterpriseSG’s review.

4️⃣ Expect an outcome within 8–12 weeks once all documents are complete.

The Productivity Solutions Grant (PSG) helps you digitalise and work smarter through ready-to-use business tools. It supports pre-approved solutions that make everyday tasks easier, from sales and inventory management to customer service and administration.

Examples of supported solutions include accounting software, customer management systems, ecommerce tools, and cybersecurity solutions

Grant amount

• Up to 50% of the eligible costs for local SMEs
• Covers sector-specific and generic solutions that are pre-approved by EnterpriseSG and other government agencies

Eligibility  

• Registered as a business entity in Singapore and operating locally
• At least 30% local shareholding
• Group annual sales turnover not exceeding SGD 100 million, or group employment size not exceeding 200 employees.
• Purchased IT solutions or equipment must be used in Singapore

How to apply

1️⃣ Log in to the Business Grants Portal (BGP) with your CorpPass.

2️⃣ Choose a pre-approved solution that fits your needs.

3️⃣ Obtain a quotation from the vendor.

4️⃣ Upload the quotation and submit your application.

5️⃣ Wait for approval before making any payment or signing contracts.

If you’re planning to enter a new overseas market, the Market Readiness Assistance (MRA) Grant helps reduce the cost of expansion. It co-funds activities such as overseas marketing, business development, and legal setup, making your first move into a new market a little smoother.

Grant amount

• Up to 50% of eligible costs, capped at SGD 100,000 per new market.

*Noted that each application covers one market at a time. Payments made before submission aren’t eligible.

Eligibility

• Registered as a business entity in Singapore and operating locally
• At least 30% local shareholding.
• Group annual sales turnover not exceeding SGD 100 million, or group employment size not exceeding 200 employees.
• New to the target market, with less than SGD 100,000 in annual sales there over the past three years

How to apply

1️⃣ Log in to the Business Grants Portal (BGP) with your CorpPass.

2️⃣ Prepare your proposal, cost details, and vendor quotations.

3️⃣ Submit one application per target market.

4️⃣ Track your status and wait for EnterpriseSG’s feedback

As your business grows, it’s just as important to help your team grow with it. The SkillsFuture Enterprise Credit (SFEC) supports this by helping you invest in your team’s growth and your company’s transformation. 

It gives eligible employers an SGD 100 that covers up to 90% of out-of-pocket costs for approved training and transformation programmes. The credit is automatically applied when you join approved programmes, so there’s no separate application needed.

Grant amount

• Eligible employers get a credit of SGD 10,000, covering up to 90% of costs for approved training or business development programmes.
  

Eligibility

• Registered as a business entity in Singapore and operating locally
• Notified as eligible through your CorpPass account

* Current phase open only to eligible employers. New eligibility details will apply once the redesigned scheme launches in 2026

How to apply

There’s no separate application needed. If your business qualifies, the credits will appear automatically in your Corppass account and be applied when you join approved programmes.

Beyond the main grants, there are several other programmes available to businesses already operating in Singapore. These provide additional support depending on your industry or goals.

They may not apply to every SME, but they’re worth exploring if they fit what you’re doing.

Energy Efficiency Grant (EEG)

If you’re in the food, retail, or manufacturing sectors, the Energy Efficiency Grant (EEG) helps you adopt energy-saving equipment to cut down on utility costs while improving sustainability.

Startup SG Founder / Tech / Accelerator

The Startup SG suite supports early-stage businesses developing new products or technologies. Depending on your track, you can receive startup capital, mentorship, or accelerator support to grow your ideas faster.

Sustainability Reporting Grant (SRG)

To help businesses align with international standards, the Sustainability Reporting Grant (SRG) provides funding for preparing your first sustainability report under the ISSB framework.

Business Improvement Fund (BIF)

Tourism-related companies can apply for the Business Improvement Fund (BIF) to enhance service quality and visitor experience through digital innovation and new technology.

Agri-Food Cluster Transformation Fund (ACT)

The Agri-Food Cluster Transformation Fund (ACT) supports agrifood businesses looking to adopt automation and technology that boost productivity and sustainability.

You can explore the Grants & Support Directory on GoBusiness to find schemes that match your company’s goals and eligibility.

Each grant has a different purpose, so the right one really depends on what your business needs most. Whether you’re improving daily operations, exploring new markets, or helping your team build new skills, there’s support available for you here in Singapore.

Take a look at the options that fit your goals, get your documents ready, and apply through the Business Grants Portal when you’re set. With the right grant, growing your business gets a little easier.