Singapore Government Grants for local companies

We list some of the Enterprise Singapore grants available for local enterprises.


Name of Grant for Singapore local
Who is it forSome further
Productivity Solutions Grant (PSG)For companies looking to kick- start their adoption of technology with pre-qualified IT solutions and equipment that enhances productivity.PSG covers sector- specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries.
Other than sector- specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management
, data analytics, financial management and inventory tracking.
The maximum funding support level will be raised to 80% from
1 April 2020
to 31
SMEs can apply for PSG if they meet the following criteria:
-Registered and operating in Singapore
- Purchase/lease/ subscription of the IT solutions or equipment must be used in Singapore
-Have a minimum of 30% local shareholding; with Company's Group annual sales turnover less than S$100 million, OR less than 200 employers (for selected solutions only)
Market Readiness Assistance (MRA) GrantFor companies looking to take their business overseas.
Includes support for overseas market set-up, identification of overseas business partners and overseas market promotion.
Eligible SMEs will receive the following support:
-Up to 70% of eligible costs, capped at S$100,000
per company per new market* from 1 April
2020 to 31
March 2023 that covers:
-Overseas market promotion (capped at S$20,000)
-Overseas business development (capped at S$50,000)
-Overseas market set- up (capped at S$30,000)
-Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair)
Companies should meet the following criteria:
-Business entity is registered/incorporat ed in Singapore
-New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded S$100,000 in overseas sales in each of the last three preceding years
-At least 30% local shareholding
-Group Annual Sales Turnover of not more than S$100 million; OR Company's Group Employment Size of not more than 200 employees
Enterprise Development Grant (EDG)For companies looking for
more support
The grant funds
To qualify for the EDG, you need to:
as they undertake deeper transformation in business upgrading, innovation and internationalisa tion.project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
The maximum support level will be raised to 80% from
1 April 2020
to 31 December
-Be registered and operating in Singapore
-Have a minimum of 30% local shareholding
-Be in a financially viable position to start and complete the project
Land Productivity Grant (LPG)For companies looking to defray part of the initial relocation cost due to land use optimisation.Funding support for approved projects will be between 10% and 70% of the qualifying costs, and is dependent on the amount of land freed up and the remaining lease term. Qualifying costs include:
-Relocation costs (i.e. physical movement of existing plant & machinery to new site. Exclude cost of asset
acquisition in
Local and foreign enterprises can apply for LPG if they meet the following criteria:
-Company has to be physically present and registered in Singapore
-Company has to be currently situated on industrial land
-For overseas relocation, company must demonstrate strong linkages from the relocated activities to the activities carried out in Singapore
-Company must generate a minimum of 0.1 hectare (ha) of land savings
equipment, machinery, land, building and taxes and levies paid to foreign or local government)
-Third-party consultancy fees for market and location feasibility studies as well as work flow redesign.
-Manpower cost of project manager or Singapore- based staff posted to the overseas site to oversee training of local labour and new facility setup.
SkillsFuture Enterprise Credit (SFEC) supports:
1. ial-assistance/grants/for-local- companies/enterprise-development- grant
2. financial-assistance/for-singapore- companies/growth-partnership- programme/enterprise-leadership-for- transformation
For companies looking to embark on enterprise transformation and develop capabilities of employees.Eligible employers will receive a one-off S$10,000
credit to cover up to 90% of out- of-pocket expenses on qualifying costs for supportable initiatives,
over and
Qualifying Periods
-1 April 2019 – 31
March 2020
-1 July 2019 – 30 June
-1 October 2019 – 30
September 2020
-1 January 2020 – 31
December 2020
companies/market-readiness-assistance- grant 4. ial-assistance/grants/for-local- companies/productivity-solutions-grant 5.
/assistance-and-licensing/grants- overview/business-improvement-fund- bif.html
6. are/areas-of-responsibility/developing- the-industry/aviation-development-fund
above the support levels of existing schemes.


Source: Enterprise Singapore