Last updated 7 August 2026. This page was reviewed on that date. Prices, rates and opening hours change often in Singapore — confirm anything that matters directly with the business before you travel or spend.
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.
You might have heard about Singapore’s SME grants but still blur about which one fits your business stage. These schemes aren’t one-size-fits-all: each unlocks co‑funding for a specific moment—whether you need to digitise a process, explore a new country, or overhaul your back end. The smart move is knowing which door to knock on, and when, so you don’t leave government money unclaimed.
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%.
Stop looking for quick fixes. You want your business to stand out in a crowded market? This grant is for the overhaul, the one that makes customers take a second look. Put in the work—proposal writing, project management—but the payoff is an operation that runs like clockwork and a brand that attracts. Don’t rush. Do it right.
You sit in your office, laptop open, grant portal glowing. This is not a sprint. Line up your project scope, get your quotes, upload those PDFs. Then the wait—weeks of quiet, maybe a query email. When the approval pops into your inbox, it feels like a quiet win. Do it with your finance person beside you, so the numbers tally first time. Don’t panic. Just follow the checklist, one screen at a time.
EDG is the grant for businesses ready to zhng their whole operation—think branding refresh, financial systems overhaul, or a leaner workflow.
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.
No time to waste. Pick a solution from the list, apply, and get it done. This one makes your business sharper, faster—the kind of shiok efficiency that frees you up for bigger things. It’s straightforward, no need for grand plans. Just choose, implement, and watch your team stop complaining about manual work. Simple improvement, immediate attractiveness.
If you need a ready-made IT solution—like a retail POS, accounting software, or inventory tracker—PSG is the chop chop route. No need to propose a brand new project; just pick from the pre-approved list and get half the bill covered. It’s the low-hanging fruit for any SME wanting to digitise without the paperwork marathon.
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.
You think you can sell overseas? First, get your market entry right. This grant helps you put a local face in that new country—promotion, business development, all the legwork. Don’t just fly there and hope for the best. Do your homework and claim support so you don’t bleed cash. When you’re ready to be the chio overseas player, this is your ticket.
What’s changing: the EDGE grant
Mark your calendar for the briefing session. Arrive early, grab a seat near the front so you can ask about your sector. The room hums with other SME bosses, all scribbling notes. The grant officer clicks through slides fast—jot down the three key dates. Bring your company profile, draft your question beforehand. Ask it firmly; others have the same doubt. Afterwards, linger by the coffee table, exchange numbers with two people. That connection might save you months of guesswork when the new portal goes live.
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
Wake up early, clear your morning. You’ll be clicking through eligibility checks, then uploading documents. One wrong attachment and the system kicks back. Have your ACRA profile, financial statements, and a clear project write-up ready before you start. Get your second-in-command to double-check everything. Once submitted, the waiting game begins—use the time to plan your implementation. Don’t refresh the portal every hour; it moves at its own pace.
- 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.
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FAQs about SME grants in Singapore
You land on the FAQ page, scroll past questions that don’t match yours. Use Ctrl+F, type your keyword—that’s the real move. Then open the relevant PDF guide in another tab; the print version often holds extra detail. Read it with a highlighter, print-to-real-paper style. If you’re still confused, call the hotline right after lunch when queues are shorter. Stay polite, ask for the officer’s name. They remember you when you’re nice, and sometimes that gets a follow-up call with more clues.
When you’re ready to test a new overseas market—or from mid‑2026, even grow your presence in a market you’ve already dipped into—MRA is your wingman. It covers the nitty-gritty of market promotion and business development, so you’re not footing the full bill while abroad. Think of it as a co‑sponsor for your next trade show or business trip.
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.
Match Grant to Your Actual Plan
You got three main grants plus the upcoming EDGE. Don’t anyhow apply. If you just need off-the-shelf solutions—like accounting software or digital tools—go for PSG. Simple and capped, no overthinking. But if you are developing deeper capabilities, EDG handles that with higher support, higher commitment. Going overseas? MRA covers market entry costs. New bird EDGE will fold all into one, so keep your eyes open. Apply for what fits now, don’t wait for EDGE if you need help fast.
When in doubt, check your end goal. If you want fast, light-touch help, PSG is your short-cut. For heavier, customised work, EDG is the serious choice. MRA is only for crossing borders, so don’t blur like sotong and apply that for local upgrades. Whatever you do, get your paperwork straight—mess that up and you’ll be stuck. Once EDGE drops, the same logic applies but one form instead of three. So wake up, decide, and apply properly.
