Top 10 Grants for Small Businesses in Singapore 2025

As Singapore continues to foster a vibrant ecosystem for small and medium enterprises (SMEs), various government grants are available to support their growth and innovation. Here’s a comprehensive list of the top 10 government grants that small businesses can leverage in 2025, along with introductory descriptions and links for more detailed information on each grant.

1. Enterprise Development Grant (EDG)

The Enterprise Development Grant (EDG) is a flagship initiative aimed at helping SMEs upgrade their capabilities, innovate, and expand into new markets. This grant is designed to support projects that enhance business operations and drive transformation. Eligible businesses can receive substantial financial assistance, making it a cornerstone of Singapore’s support for SMEs.

Funding Amount: Up to 80% of qualifying project costs.
Eligibility: Must be registered in Singapore with at least 30% local shareholding.
Use of Funds: Covers consultancy, software, and equipment costs.
More Info: Enterprise Development Grant

2. Productivity Solutions Grant (PSG)

The Productivity Solutions Grant (PSG) focuses on helping SMEs adopt IT solutions and equipment that enhance productivity. This grant supports businesses in their digital transformation journey, making it easier for them to implement technology that improves efficiency and competitiveness.

Funding Amount: Up to 70% of the cost for pre-approved solutions.
Eligibility: Open to businesses registered in Singapore with at least 30% local ownership.
Use of Funds: Includes funding for accounting software, digital solutions, and customer management systems.
More Info: Productivity Solutions Grant

3. Market Readiness Assistance (MRA) Grant

The Market Readiness Assistance (MRA) Grant is designed to help SMEs expand into overseas markets by providing financial support for market entry activities. This grant enables businesses to explore new opportunities beyond Singapore, fostering international growth.

Funding Amount: Up to S$100,000 per new market, co-funding up to 50%.
Eligibility: Companies must have at least 30% local equity and annual sales not exceeding S$100,000.
Use of Funds: Market research, trade fair participation, and promotional activities.
More Info: Market Readiness Assistance Grant

4. Energy Efficiency Grant (EEG)

The Energy Efficiency Grant (EEG) encourages SMEs to adopt energy-efficient practices and technologies. By providing financial support for energy-saving projects, this grant aims to reduce operational costs while promoting sustainability within the business sector.

Funding Amount: Up to 70% of costs for pre-approved energy-efficient equipment.
Eligibility: Available for SMEs in sectors like food services and retail.
Use of Funds: Focuses on reducing utility costs through energy-efficient upgrades.
More Info: Energy Efficiency Grant

5. Startup SG Founder

The Startup SG Founder grant is tailored specifically for first-time entrepreneurs looking to launch their ventures. This initiative provides not only financial assistance but also mentorship, helping new businesses establish a solid foundation for success.

Funding Amount: Up to S$50,000 in startup capital; requires a co-investment of S$10,000 from the entrepreneur.
Eligibility: First-time founders with viable business ideas.
Use of Funds: Can cover product development and market validation expenses.
More Info: Startup SG Founder

6. SkillsFuture Enterprise Credit (SFEC)

The SkillsFuture Enterprise Credit (SFEC) incentivizes employers to invest in workforce training and development. This grant supports initiatives that enhance employee skills and capabilities, ensuring that SMEs remain competitive in a rapidly changing job market.

Funding Amount: Provides up to S$10,000 incentives covering up to 90% of qualifying expenses.
Eligibility: Employers must have paid the Skills Development Levy and have at least three local employees.
Use of Funds: Training and transformation initiatives aimed at enhancing workforce skills.
More Info: SkillsFuture Enterprise Credit

7. Digital Resilience Bonus (DRB)

The Digital Resilience Bonus (DRB) supports SMEs in enhancing their digital capabilities during the recovery phase from the pandemic. By incentivizing digital adoption, this grant helps businesses improve their online presence and operational efficiency.

Funding Amount: Up to S$10,000 based on achieving specific digitalization milestones.
Eligibility: Open to businesses across various sectors that meet the criteria outlined by the government.
Use of Funds: Digital tools adoption and process improvements.
More Info: Digital Resilience Bonus

8. Global Ready Talent (GRT) Grant

The Global Ready Talent (GRT) Grant assists companies in developing global talent through internships or management associate programs. This initiative fosters international exposure for local talent while supporting SMEs in building a skilled workforce.

Funding Amount: Up to 70% funding support on qualifying costs.
Eligibility: Companies must provide structured internship programs or management associate schemes.
Use of Funds: Focuses on talent development through international exposure.
More Info: Global Ready Talent Grant

9. SGUnited Traineeships

The SGUnited Traineeships program provides opportunities for fresh graduates through traineeship placements in SMEs. This initiative helps companies onboard new talent while supporting recent graduates entering the workforce.

Funding Amount: Covers up to 80% of the trainee’s monthly stipend.
Eligibility: Open to all businesses offering traineeship positions for eligible graduates.
Use of Funds: Helps companies onboard fresh talent while supporting recent graduates entering the workforce.
More Info: SGUnited Traineeships

10. Business Improvement Fund (BIF)

The Business Improvement Fund (BIF) supports SMEs in enhancing their business processes and operational efficiencies. This grant aims to improve productivity within various sectors by providing financial assistance for innovative projects.

Funding Amount: Varies based on project scope; generally covers a significant portion of project costs.
Eligibility: Registered SMEs in Singapore focusing on operational enhancements or process improvements.
Use of Funds: Can be used for consultancy fees, training programs, or technology upgrades.
More Info: Business Improvement Fund

Conclusion

These grants represent significant opportunities for small businesses in Singapore to enhance their capabilities, innovate processes, and expand into new markets. By leveraging these resources effectively, SMEs can navigate challenges and seize growth opportunities in an increasingly competitive environment.

Empowering Businesses with SGTUFF

At SGTUFF, we believe in creating a level playing field for businesses in Singapore. Whether you’re a tenant navigating leasing challenges or an SME striving for growth, we provide resources and insights to help you succeed.

Here’s how you can get started:

Become a Member: Unlock exclusive tools and networking opportunities with our Membership Plans.
Learn More: Gain practical insights into fair tenancy practices with our guide: Master the Code of Conduct for Retail Leasing.