Singapore has long been known for being a business-friendly hub, with strong government support for local enterprises. In 2025, the government continues to encourage growth and innovation in small and medium-sized enterprises (SMEs) through a variety of grant schemes. Whether you’re looking to boost productivity, expand overseas, or invest in digital transformation, there’s likely a grant to support your goals.
Here’s a comprehensive guide to the Top 10 Government Grants for Singapore SMEs in 2025, so you can take advantage of what’s available and accelerate your business growth.
1. Productivity Solutions Grant (PSG)
What it supports:
PSG supports the adoption of IT solutions, equipment, and consultancy services to enhance business productivity.
Industries covered:
Retail, F&B, construction, logistics, precision engineering, and more.
Funding support:
Up to 50% of qualifying costs.
Why it matters:
It’s one of the most accessible grants for SMEs looking to digitize or automate processes.
Pro tip:
Only pre-approved solutions listed on GoBusiness are eligible.
2. Enterprise Development Grant (EDG)
What it supports:
EDG helps SMEs grow and transform in three key areas: Core Capabilities, Innovation & Productivity, and Market Access.
Funding support:
Up to 50% for qualifying SMEs.
Use cases:
- Branding and marketing strategies
- Business process reengineering
- Overseas market expansion
Why it matters:
It’s highly versatile and can support major strategic shifts in your business.
3. Market Readiness Assistance (MRA) Grant
What it supports:
Helps businesses expand overseas through support for market entry, overseas marketing, and business development.
Funding support:
Up to 50% of eligible costs, capped at S$100,000 per new market.
Why it matters:
Internationalisation can be costly—MRA provides much-needed relief for first-time overseas ventures.
Pro tip:
You can apply for a different country once you’ve completed one application successfully.
4. SkillsFuture Enterprise Credit (SFEC)
What it supports:
Encourages employers to invest in enterprise and workforce transformation.
Funding support:
One-off S$10,000 credit to offset up to 90% of out-of-pocket costs.
Why it matters:
This grant promotes skills upgrading and digital transformation at the same time.
Eligibility:
Employers must have contributed to Skills Development Levy and meet specific criteria.
5. Energy Efficiency Grant (EEG)
What it supports:
Co-funds the adoption of energy-efficient equipment for sectors like F&B, retail, and manufacturing.
Funding support:
Up to 70% of qualifying costs.
Why it matters:
With rising utility costs, energy savings directly affect your bottom line.
Pro tip:
Invest in green tech while getting government help—win-win.
6. Agri-Food Cluster Transformation (ACT) Fund
What it supports:
For companies in the agri-food sector investing in advanced, tech-enabled operations.
Funding support:
Up to 70% of qualifying costs.
Why it matters:
Encourages sustainable food production and strengthens food resilience.
Who should apply:
Urban farms, aquaculture businesses, and food processing companies.
7. Startup SG Founder Grant
What it supports:
Supports first-time entrepreneurs with mentorship and startup capital.
Funding support:
Up to S$50,000 in grant funding (matched S$5 to every S$1 raised by founder).
Why it matters:
It’s the ideal launchpad for young startups trying to get off the ground.
Pro tip:
Partner with an accredited mentor partner (AMP) to apply successfully.
8. Business Improvement Fund (BIF)
What it supports:
Designed for tourism-related enterprises to improve business through technology and innovation.
Funding support:
Up to 70% for SMEs.
Why it matters:
The tourism sector is rebounding—this grant helps you enhance offerings and stay competitive.
Eligible businesses:
Hotels, attractions, travel agents, MICE companies.
9. GoCloud Grant
What it supports:
Helps ICT SMEs modernize legacy systems and adopt cloud-native architecture.
Funding support:
Varying levels based on project complexity.
Why it matters:
In today’s SaaS-driven world, cloud-native applications are more agile, scalable, and cost-effective.
Who it’s for:
Tech companies looking to future-proof their solutions.
10. Enterprise Sustainability Programme (ESP)
What it supports:
Assists businesses in building capabilities to capture sustainability-related opportunities.
Funding support:
Varies by project; can include subsidies for training, certification, and transformation.
Why it matters:
Sustainability is no longer optional—this grant helps businesses prepare for ESG compliance and green growth.
Pro tip:
Great for SMEs seeking green financing or entering ESG-conscious markets.
How to Choose the Right Grant for Your Business
With so many grants available, it’s important to align your business goals with the right funding scheme. Consider the following:
- Are you trying to digitize your operations? → Start with PSG.
- Looking to expand overseas? → Check out MRA or EDG (Market Access).
- Building a sustainable or green business? → ESP or EEG is the way to go.
- Just getting started? → Startup SG Founder might be the first step.
Why Work with a Grant Consultant?
Navigating grant applications can be time-consuming and tricky. Working with a consultant like GrantConsultant.sg can help you:
- Identify the best grants for your business
- Prepare strong, compliant applications
- Avoid common mistakes that lead to rejections
- Focus on running your business while we handle the paperwork
Final Thoughts
Government grants in Singapore offer invaluable support for businesses ready to scale, innovate, or pivot. 2025 presents ample opportunities for SMEs to tap into these resources—if you know where to look and how to apply. Whether you’re a startup or an established company, there’s likely a grant that aligns with your goals.
Need help navigating the process? Reach out to our team at GrantConsultant.sg. We’ll help you unlock the funding your business needs to grow.