Quick answer: Beyond loans, Singapore SMEs can access non-repayable grants: EDG (up to 50–70% of costs), PSG (up to 50%, capped at S$30,000/year), and MRA (up to 70% for overseas expansion, capped at S$100,000/market). These three are being consolidated into a single “EDGE” grant launching later in 2026 — the three existing grants remain open until it goes live, but confirm status with Enterprise Singapore before applying.
Loans aren’t your only funding option. Singapore’s SME grants — administered by Enterprise Singapore — cover part of your costs without dilution or repayment. This guide covers the three main grants active today, what’s changing, and how they compare. For loan financing instead, see our guides to SME business loans and start-up financing.
The three main SME grants (until EDGE launches)
| Grant | Support level | Cap | Purpose |
|---|---|---|---|
| Enterprise Development Grant (EDG) | Up to 50% (up to 70% for sustainability projects) | No fixed monetary cap published — scales with project cost | Core capability upgrades, innovation, business transformation |
| Productivity Solutions Grant (PSG) | Up to 50% | S$30,000 per company per financial year (across all PSG solutions) | Pre-approved productivity/IT solutions |
| Market Readiness Assistance (MRA) | Up to 70% (enhanced from 1 April 2026) | S$100,000 per company per new overseas market | Overseas market entry: set-up, business development, promotion |
Enterprise Development Grant (EDG)
Supports projects across core capabilities (financial management, human capital), innovation and productivity, and market access. Standard projects get up to 50% co-funding; sustainability-related projects get up to 70%.
Productivity Solutions Grant (PSG)
Covers up to 50% of costs for pre-approved, off-the-shelf productivity and IT solutions — simpler and faster to apply for than EDG since the solutions are pre-vetted. Capped at S$30,000 per company per financial year (1 April–31 March) across every PSG solution you adopt, regardless of how many vendors or solutions.
Market Readiness Assistance (MRA)
For SMEs expanding overseas: covers overseas market set-up, business development and market promotion. Support was enhanced to up to 70% from 1 April 2026, capped at S$100,000 per company per new market. From the second half of 2026, support also extends to deepening activity in markets you’ve already entered, not just new ones.
What’s changing: the EDGE grant
Enterprise Singapore is consolidating EDG, PSG and MRA into a single grant called EDGE, launching in the second half of 2026. Per Enterprise Singapore’s own guidance, the three existing grants “remain accessible until launch” — so if you’re planning a grant application now, you can still apply under the current schemes. Once EDGE launches, expect a single, streamlined application process replacing the current three. Confirm the exact EDGE terms directly with Enterprise Singapore closer to launch, as details may still change.
How to apply
- Identify the right grant for your goal — capability building (EDG), a specific pre-approved software/productivity solution (PSG), or overseas expansion (MRA).
- Check eligibility — generally requires a business registered and operating in Singapore with at least 30% local (Singaporean/PR) shareholding; exact criteria vary by grant.
- Apply via the Business Grants Portal (or directly through Enterprise Singapore for larger EDG projects) before starting the project — grants are typically not approved retroactively.
- Prepare documentation: project proposal/quotation, ACRA business profile, and financial statements as required.
FAQs about SME grants in Singapore
Are SME grants better than loans?
They serve different purposes and aren’t mutually exclusive. Grants are non-repayable but only cover a percentage of eligible costs for specific project types; loans give you working capital but must be repaid with interest. Many SMEs use both.
What is the EDGE grant replacing?
EDGE consolidates the Enterprise Development Grant (EDG), Productivity Solutions Grant (PSG), and Market Readiness Assistance (MRA) into one scheme, launching in the second half of 2026. The three existing grants remain available until then.
How much can I claim under PSG?
Up to 50% of costs for pre-approved solutions, capped at S$30,000 per company per financial year across all PSG solutions combined.
Can I apply for a grant and a loan at the same time?
Generally yes — grants and loans address different needs (project co-funding vs. working capital) and most businesses can pursue both, subject to each scheme’s own eligibility rules.
Last updated July 2026. Grant figures verified against Enterprise Singapore’s own pages (EDG, MRA) and cross-checked third-party guides (PSG, EDGE timeline) on 22 July 2026 — confirm current terms directly with Enterprise Singapore before applying, especially as EDGE approaches launch.
Disclaimer: This article is for general information only and is not financial advice. Compiled from publicly available sources; while we aim for accuracy, we do not guarantee completeness. Confirm all terms directly with Enterprise Singapore before applying. Let us know if you spot anything that needs correcting.
