Business Support Grants

1. Small Business Recovery Grant

Purpose:

Introduced to help small businesses recover from the impacts of the COVID-19 pandemic, this grant aims to mitigate the financial challenges faced by SMEs during this period. Grant Amount: Eligible businesses receive SGD 1,000 per local employee, capped at SGD 10,000 per firm. Sole proprietors receive SGD 1,000 if their net income is below SGD 10,000.

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Eligibility:

• Fewer than 200 employees.

• Annual income below SGD 100 million.

• Registered and operating in Singapore.

• Applicable to specific industries like F&B, retail, tourism, and hospitality.
   

2. Capability Development Grant (CDG)

Purpose:

Supports businesses in upgrading capabilities in key areas such as branding, marketing, and business strategy. This grant is designed to help SMEs enhance their operational efficiency and drive growth. Grant Amount: Covers up to 70% of project costs, up to SGD 30,000.

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Eligibility:

• Registered and operating in Singapore.

• At least 30% local shareholding.

• Fewer than 200 employees or annual turnover below SGD 100 million.
   

3. Enterprise Development Grant (EDG)

Purpose:

Aims to support comprehensive business growth and transformation projects in areas like core capabilities, innovation, and market access. This grant helps SMEs to develop and implement strategies for sustainable growth. Grant Amount: Covers up to 70% of project costs.

 

Eligibility:

• Registered and operating in Singapore.

• At least 30% local shareholding.

• Financially capable of completing the project.
   

4. Productivity Solutions Grant (PSG)

Purpose:

Assists businesses in adopting IT solutions and equipment to enhance productivity and operational efficiency. This grant is particularly aimed at helping SMEs integrate technology into their business processes. Grant Amount: Up to 80% of qualifying costs.
 

Eligibility:

• Registered and operating in Singapore.

• At least 30% local shareholding.

• Group annual sales turnover less than SGD 100 million, or fewer than 200 employees.

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5. Early Stage Venture Fund

Purpose:

Provides seed funding to technology startups to accelerate their growth and development. This grant is aimed at supporting innovative tech enterprises in their early stages. Grant Amount: Investments range from SGD 10 million to SGD 50 million.

Eligibility:

Singapore-registered technology-based startups.
 

6. Market Readiness Assistance (MRA) Grant

Purpose:

Supports businesses in expanding their operations overseas by providing funding for market setup, business development, and promotional activities. Grant Amount: Up to 70% of eligible costs, capped at SGD 100,000 per company per new market.

 

Eligibility:

• Registered and operating in Singapore.

• At least 30% local shareholding.

• Fewer than 200 employees or annual turnover below SGD 100 million.
   

7. SkillsFuture Enterprise Credit (SFEC)

Purpose:

Encourages employers to invest in enterprise transformation and employee development by providing additional funding for training and capability development initiatives. Grant Amount: SGD 10,000 credit to cover up to 90% of qualifying costs.

 

Eligibility:

• Contributed at least SGD 750 Skills Development Levy.

• Employed at least three Singapore Citizens or Permanent Residents.