KEY HIGHLIGHTS
- Singapore businesses can secure up to 70% government funding in 2026 via grants like PSG and EDG.
- Approval timelines range from 4 to 12 weeks, with co-funding covering major project costs in SGD.
- Applications must be submitted through the Business Grants Portal before project start to qualify.
Singapore companies can significantly reduce project costs in 2026 by tapping government grants offering up to 70% co-funding. This guide explains eligibility, timelines, and how to apply correctly.
Key Grant Details at a Glance
| Grant | Funding Support | Processing Time | Best Use Case |
|---|---|---|---|
| PSG (Productivity Solutions Grant) | Up to 70% | 4–6 weeks | IT solutions, software |
| EDG (Enterprise Development Grant) | Up to 70% | 8–12 weeks | Business transformation |
| MRA (Market Readiness Assistance) | Up to 50% | Varies | Overseas expansion |
| SFEC (SkillsFuture Enterprise Credit) | Additional credits | Varies | Workforce training |
Top Grants Offering Up to 70% Support
Productivity Solutions Grant (PSG)
Supports pre-approved digital and productivity tools.
Common use cases:
- Accounting software
- CRM systems
- Retail POS solutions
Funding support can reach up to 70%, especially for SMEs adopting digital tools.
Enterprise Development Grant (EDG)
Designed for companies planning transformation or expansion.
Covers:
- Business strategy and consultancy
- Branding and market entry
- Advanced technology adoption
Funding support: up to 70% for eligible SMEs.
SkillsFuture Enterprise Credit (SFEC)
Provides additional funding support for workforce upgrading.
Works alongside PSG and EDG to offset training costs.
Market Readiness Assistance (MRA)
Helps businesses expand internationally.
Covers:
- Overseas marketing
- Business development
- Market setup
Support capped at up to 50% per activity.
Who Is Eligible in Singapore?
To qualify for most grants:
- Business must be registered and operating in Singapore
- At least 30% local shareholding
- Financially capable of completing the project
- Project must not start before approval
Failure to meet any of these conditions leads to immediate rejection.
Step-by-Step: Applying via Business Grants Portal (BGP)
Step 1: Set Up CorpPass
All applications require a valid CorpPass account with authorised users.
Step 2: Access the Business Grants Portal
Log in to the portal to:
- Browse grants
- Check eligibility
- Track application status
Step 3: Choose the Correct Grant
| Business Goal | Recommended Grant |
|---|---|
| Digitalisation | PSG |
| Business growth | EDG |
| Overseas expansion | MRA |
| Workforce training | SFEC |
Selecting the wrong grant is a common cause of rejection.
Step 4: Prepare Documents
You will typically need:
- ACRA business profile
- Latest financial statements
- Vendor quotation
- Project proposal and cost breakdown (SGD)
For EDG, a detailed business plan is essential.
Step 5: Submit Application
Ensure your submission includes:
- Clear project scope
- Measurable outcomes
- Strong cost justification
Avoid generic claims. Use data wherever possible.
Step 6: Wait for Approval
Estimated timelines:
- PSG: 4–6 weeks
- EDG: 8–12 weeks
Authorities may request clarification during evaluation.
Step 7: Execute the Project
After approval:
- Engage vendors
- Follow the approved scope strictly
Do not make changes without prior approval.
Step 8: Submit Claims
After completion:
- Upload invoices and receipts
- Provide proof of implementation
Reimbursement is processed after verification.
Common Mistakes to Avoid
- Starting the project before approval
- Using non-approved vendors (PSG)
- Weak or unclear proposal
- Missing documents
- Overstating benefits without evidence
These issues frequently lead to rejection.
How to Maximise Approval Chances
Focus on Measurable Outcomes
Agencies prioritise:
Use Pre-Approved Vendors
This reduces risk and speeds up approval, especially for PSG.
Align with National Priorities
Projects linked to:
- Digital transformation
- Sustainability
- Innovation
are more likely to be approved.
Consider Professional Support
Grant consultants can improve proposal quality and reduce processing delays.
Example: Cost Savings with PSG
- Total project cost: S$10,000
- Government funding (70%): S$7,000
- Business pays: S$3,000
Outcome:
- Faster operations
- Lower manual workload
- Improved compliance
Why This Matters
With rising operational costs in Singapore, grants provide a practical way to invest in growth without heavy upfront spending.
Businesses that apply early and align projects with government priorities are more likely to secure higher funding support. Delays or incorrect submissions can result in missed opportunities.
FAQs
Can businesses get 100% funding?
No. Most grants cover 50% to 70%, requiring co-investment.
How long does approval take?
- PSG: 4–6 weeks
- EDG: 2–3 months
Can startups apply?
Yes, if they meet:
- Local shareholding requirements
- Financial and operational criteria
Is the Business Grants Portal mandatory?
Yes. All major grants must be submitted through BGP.
