Key Takeaways
Eligibility criteria typically require businesses to be registered in Singapore with at least 30% local shareholding.
SMEs can apply for multiple grants as long as there is no overlap in funding for the same costs.
Sector-specific grants are also available, providing tailored support for healthcare, tourism, and manufacturing industries.
Running a small and medium enterprise (SME) in Singapore can be tough, especially when finding the right funding. Thankfully, the Singapore government offers many grants and support programs to help SMEs succeed and grow in 2025. Whether you want to increase productivity, expand your business overseas, or adopt new technology, there’s a grant that can help. In this list, we’ll review the top SME grants in Singapore for 2025, explaining their main benefits, who can apply, and how they can help your business grow.
Here’s a list of some of the key SME grants available in Singapore for 2025 that can help businesses enhance their productivity, adopt new technologies, and expand locally or internationally:
1
Productivity Solutions Grant (PSG)
- Purpose: The Productivity Solutions Grant (PSG) supports the adoption of IT solutions and equipment that boost productivity.
- Funding Amount: Up to 50% of the cost of pre-approved solutions.
- Who Can Apply: Businesses registered and operating in Singapore with at least 30% local shareholding.
- Examples of Supported Solutions: Accounting software, digital solutions, customer management systems, ecommerce solutions, and cybersecurity tools.
2
Enterprise Development Grant (EDG)
- Purpose: The Enterprise Development Grant (EDG) helps businesses grow and transform through innovation, market expansion, and productivity improvements.
- Funding Amount: Covers up to 50% of qualifying project costs.
- Who Can Apply: Businesses registered and operating in Singapore with at least 30% local shareholding. SMEs with projects in business strategy development, consultancy, product innovation, product development, or international expansion.
- Focus Areas: Core capabilities, innovation and productivity, and market access.
3
Market Readiness Assistance (MRA) Grant
- Purpose: The Market Readiness Assistance (MRA) supports SMEs looking to expand into new markets overseas.
- Funding Amount: Up to 50% of eligible costs, capped at SGD 100,000 per company per new market.
- Who Can Apply: Businesses that are registered in Singapore with at least 30% local shareholding and a minimum annual sales turnover of SGD 100,000 and looking to target overseas markets.
- Supported Activities: Overseas market promotion, overseas business development, and market set-up.
4
SkillsFuture Enterprise Credit (SFEC)
- Purpose: The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in skills development and job redesign.
- Funding Amount: Provides up to SGD 10,000 incentives to cover up to 90% of qualifying expenses for training and transformation initiatives.
- Who Can Apply: Employers who have paid the Skills Development Levy (SDL) and meet other criteria, such as having at least three local Singaporean or PR employees. If you are eligible, you will receive an eligibility letter from EnterpriseSG via email.
5
Energy Efficiency Grant (EEG)
- Purpose: The Energy Efficiency Grant (EEG) supports SMEs in adopting energy-efficient equipment and practices to reduce utility costs.
- Funding Amount: Up to 70% of the cost for pre-approved energy-efficient equipment.
- Who Can Apply: SMEs in sectors like food services, food manufacturing, and retail.
6
Startup SG Founder Grant
- Purpose: The Startup SG Founder Grant encourages first-time entrepreneurs to start their own businesses by providing mentorship and startup capital.
- Funding Amount: Up to SGD 50,000, with a co-funding requirement of SGD 20,000 from the founder.
- Who Can Apply: New business ventures with innovative concepts that are endorsed by Accredited Mentor Partners (AMPs).
7
Enterprise Financing Scheme (EFS)
- Purpose: The Enterprise Financing Scheme (EFS) provides access to financing for various business needs, including working capital, fixed assets, and venture debt.
- Funding Amount: Loan amounts vary depending on the financing type, with government risk-sharing up to 70% for eligible loans.
- Who Can Apply: Singapore-registered businesses with at least 30% local shareholding. Company has a Group Annual Sales Turnover not exceeding S$500 million.
- Types of loans: There are many loan types, such as Green Loans, Working Capital Loans, Trade Loans, Venture Debt Programmes, and more.
8
Business Improvement Fund (BIF)
- Purpose: The Business Improvement Fund (BIF) by the Singapore Tourism Board focuses on tourism-related businesses to enhance productivity and adopt technology.
- Funding Amount: Not specified.
- Who Can Apply: Tourism businesses registered in Singapore, such as hotels, attractions, and travel agencies.
9
Agri-Food Cluster Transformation (ACT) Fund
- Purpose: The Agri-Food Cluster Transformation (ACT) Fund supports the agri-food sector in adopting innovative farming and production methods.
- Funding Amount: Not specified.
- Who Can Apply: Agri-food companies registered in Singapore.
These grants are designed to support SMEs across various sectors and stages of growth, whether you're looking to expand your market reach, enhance productivity, or invest in skills training. By leveraging these grants, businesses can better adapt to market changes, embrace innovation, and scale operations effectively.
10
Other Sector Specific Grants
While the grants mentioned above apply to a wide range of businesses or more common sectors, many sector-specific grants are designed to support industries like healthcare, construction, manufacturing, and more. These grants cater to the unique needs of each industry, helping businesses address specific challenges, adopt specialized technologies, and meet regulatory requirements.
If your business is in a specialised sector, exploring these targeted grants can provide tailored support and funding to help you achieve your business goals. Visit the GoBusiness business grants portal or EnterpriseSG (ESG) website to learn more about specific grants available for your sector.
Conclusion
With the various government grants available in Singapore for 2025, businesses have numerous opportunities to access funding, subsidies, and support to achieve their sustainability, growth, and transformation goals. Whether you’re looking to adopt new technologies, expand into international markets, enhance capability development, or improve productivity, there’s likely a grant that can meet your needs. By taking advantage of these grants, SMEs can overcome challenges, stay competitive, and drive their business forward.
Remember, each grant comes with specific eligibility criteria and application processes, so it’s important to research and apply for those that align best with your business objectives. With the right support, your SME can thrive in Singapore.
FAQs
What types of grants are available for SMEs in Singapore in 2025?
There are various grants available for Singapore SMEs in Singapore, including the Productivity Solutions Grant (PSG) for adopting productivity-enhancing solutions, the Enterprise Development Grant (EDG) for business growth and transformation, and the Market Readiness Assistance (MRA) Grant for international expansion. Additionally, sector-specific grants are available for industries like healthcare, tourism, and agri-food.
How do I know if my SME is eligible for these grants?
Can I apply for more than one grant at the same time?