If you run a business in Singapore — whether you are a sole proprietor, an SME founder, or the head of a growing startup — 2026 is genuinely one of the best years in recent memory to tap government funding. Several key grants have been enhanced, support rates have risen, and a major new consolidated grant framework is on the horizon. Here is everything you need to know about Singapore’s business grants landscape in 2026.
Why This Year Matters: Budget 2026 Changes Are Now Live
The Singapore Budget 2026, delivered by Deputy Prime Minister and Minister for Finance Gan Kim Yong in February, announced a significant package of support for businesses. Many of those changes took effect from 1 April 2026, meaning the enhanced grants are available right now.
The headline figures: SME grant support has been raised to up to 70% across several key schemes, and the government committed S$1 billion in additional funding to the Startup SG Equity scheme to boost growth-stage companies. This is a notable shift — previous grant cycles often capped support at 50% for SMEs, so the increase to 70% represents a meaningful improvement in what businesses can claim.
Market Readiness Assistance (MRA) Grant — Enhanced 2026
The Market Readiness Assistance (MRA) Grant helps Singapore companies expand into overseas markets by defraying the costs of market entry activities. It covers three pillars: overseas market promotion, international business development, and overseas market set-up.
What’s New in 2026
- Enhanced support from 1 April 2026: up to 70% of eligible costs for SMEs (up from the previous 50%)
- Total cap: S$100,000 per company per new market
- Overseas market set-up activities: capped at S$30,000
- Grant extended until 31 March 2029
The MRA is ideal for Singapore SMEs looking to enter new markets in Southeast Asia, Europe, the Middle East, or elsewhere. You can use it to fund overseas trade fairs, market feasibility studies, and setting up a new overseas entity.
How to Apply
Applications are submitted through the Business Grants Portal (BGP) at apply.gov.sg. Key rules: applications must be submitted before project activities begin (retrospective claims are not allowed), and each project must be completed within 12 months. Group applications are not permitted.
Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) is one of Singapore’s most versatile business support tools. It covers a wide range of capability upgrading activities — from strategy and innovation to human capital development and internationalisation — making it suitable for businesses at different stages of growth.
EDG support is structured around three key pillars:
- Core Capabilities: Business strategy, financial management, human capital, service excellence
- Innovation and Productivity: Automation, process redesign, product development
- Market Access: Overseas expansion, standards adoption, mergers and acquisitions
Support levels for EDG remain at up to 50% for SMEs in most cases, though specific activities may attract higher support rates. Check the Enterprise Singapore website for current eligibility criteria.
Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) is specifically designed to help SMEs adopt pre-approved IT solutions and equipment that improve productivity. Think accounting software, HR systems, e-commerce platforms, and customer management tools.
The PSG covers up to 50% of qualifying costs for approved solutions. Unlike EDG, the PSG has a relatively straightforward application process — you select an approved vendor and solution from Enterprise Singapore’s portal, and the subsidy is applied directly.
Common sectors using the PSG include food and beverage, retail, logistics, construction, and professional services. The list of approved solutions is regularly updated, so it is worth checking what is newly available if you have not looked recently.
Business Adaptation Grant — Also Enhanced in 2026
The Business Adaptation Grant saw its support level raised to up to 70% for SMEs and up to 50% for non-SMEs from 1 April 2026, valid until 6 October 2027. This grant is designed to help businesses adapt their operations in response to external challenges, such as supply chain shifts, trade disruptions, or sector-specific downturns.
Heartland Enterprise Support — Also Enhanced
For businesses operating in heartland areas (neighbourhood shops, coffee shops, traditional trades), support for placemaking activities has been increased to up to 70% from 1 April 2026, with a cap of S$14,000 per project. This is a welcome boost for the kinds of small, community-embedded businesses that are often the backbone of Singapore’s neighbourhoods.
Startup SG Equity — S$1 Billion Top-Up
The centrepiece announcement for startups in Budget 2026 was the S$1 billion top-up to the Startup SG Equity (SSGE) scheme. Crucially, the scheme has been expanded to include growth-stage companies, not just early-stage startups. This closes a long-standing gap in Singapore’s startup funding ecosystem, where promising companies that had moved beyond the seed stage often found it hard to access government-backed equity.
Under SSGE, the government co-invests alongside approved private investors in Singapore-based startups. The ratio and maximum co-investment amounts depend on the company’s stage and the investor’s profile. For details, visit the Enterprise Singapore website.
Enterprise Financing Scheme — Expanded Limits
From 1 April 2026, companies can access facilities under the Enterprise Financing Scheme (EFS) up to a maximum of S$50 million per borrower group, up from previous limits. This expanded headroom is particularly useful for companies with overseas growth ambitions, as EFS facilities can now cover a wider range of financing needs.
What’s Coming: The EDGE Consolidated Grant
The biggest structural change coming is the launch of the EDGE (Enterprise Development and Growth for Enterprises) grant framework in the second half of 2026. EDGE consolidates the EDG, PSG, and MRA into a single, streamlined application process through the Business Grants Portal.
Instead of navigating three separate grants with different eligibility rules and application processes, businesses will be able to apply for funding covering capability development, digitalisation, and internationalisation through a single EDGE application. This is expected to significantly reduce the administrative burden for SMEs.
Until EDGE launches, the existing grants — EDG, PSG, and MRA — remain fully accessible. If you have a project ready to go, you do not need to wait for EDGE.
Where to Apply
All grants are administered through Enterprise Singapore. The central hub for applications is the Business Grants Portal at apply.gov.sg/grants/business. You can browse available grants, check eligibility, and submit applications from the same platform.
For tailored advice, Enterprise Singapore’s advisors can be reached through the SME Centre network — there are centres at major community clusters around Singapore offering free business advisory sessions to local SMEs.
With grant support levels at historically high rates and new funding flowing into the system, 2026 is a strong year for Singapore businesses to invest in growth. Whether you are looking to go overseas, adopt new technology, or pivot your business model, there is almost certainly a grant to help offset the cost.
