10 Must-Know Grant Funding Schemes for SMEs in Singapore (2025)

Jemine Ngo

Sep 3, 2025

Grant Insights

Rising costs, stiff competition, changing trade rules, and manpower pressures are squeezing margins and making growth tougher for many Singapore SMEs.

Fortunately, government-backed grants exist to help you stay resilient, fund strategic initiatives, and seize growth opportunities amid these challenges.

Starting with 10 key grant funding schemes for 2025, we share the most essential information on funding support, eligibility, along with some practical tips to help you navigate the business grants landscape in Singapore.

Meeting the Basic Eligibility Criteria

Before you continue, your business must meet these basic criteria to qualify for the grants we’re sharing:

At least 30% local shareholding
Annual sales turnover of S$100 million or less, or
200 employees (or fewer)

Congratulations! Read on to uncover which ones could give your business a growth boost.

👉🏻 Not sure if you're eligible? See if you qualify in minutes, connect with our grant team – no strings attached.

Maximizing your Growth with Government Grants

Unlike loans, grants are non-repayable funds that provide you direct financial support without adding debt. They act as a strategic lever, helping your business pursue growth initiatives, including:

Upgrading or digitalizing operations
Hiring, training, or reskilling employees
Expanding into overseas markets
Investing in sustainability and energy efficiency

By aligning grant applications with these priorities, you can plan projects more effectively and maximize available support. Grants target forward-looking, growth-oriented initiatives, and applying early gives you the flexibility to plan strategically.

10 Key Grants You Can’t Miss

With countless grants available, these 10 stand out as the most impactful and widely relevant for Singapore SMEs in 2025 – spanning across technology, workforce, market expansion, and sustainability.

Tech-related Grants

Digitalization is no longer optional – it’s the foundation for efficiency, competitiveness, and long-term growth in a digital-first economy.

Enterprise Development Grant (EDG) - Automation

Key Focus	Supports implementation of automation solutions to improve operational efficiency and productivity
Best Suited For	SMEs looking to improve productivity and efficiency through technology and process automation
Funding Amount	Up to 70% of qualifying costs
Eligibility	Company is financially capable to start and complete the project

2. Company Training Committee (CTC) Grant

Key Focus	Funding for in-house or external training to build digital, IT, and technology-related skills among employees
Best Suited For	Companies upskilling staff in tech, digital tools, or IT processes
Funding Amount	Up to 70% of qualifying costs
Eligibility	Must have a Company Training Committee and a training plan linking skills development to improved business and worker outcomes

Enterprise Development Grant (EDG) - New Product Development

Key Focus	Development of new products or services to grow market presence and competitiveness
Best Suited For	SMEs creating new products to expand locally or internationally
Funding Amount	Up to 70% of qualifying costs
Eligibility	Project must be financially viable, not the company’s first product, and demonstrate meaningful technological innovation

Productivity Solutions Grant (PSG)

Key Focus	Supports adoption of pre-approved IT solutions, software, and equipment to improve business processes and productivity
Best Suited For	SMEs starting digitalization or upgrading existing processes
Funding Amount	Up to 50% of qualifying costs, capped at S$30,000 over three years
Eligibility	Purchase, lease, or subscription of IT solutions/equipment must be used within Singapore

Workforce-related Grants

People are the backbone of any SME. Workforce-related grants support talent attraction, training, and retention, so businesses can build future-ready teams.

Career Conversion Programme (CCP) - Place-and-Train

Key Focus	Training and salary support for mid-career hires to transition into new job roles
Best Suited For	Employers recruiting mid-career individuals for roles requiring reskilling
Funding Amount	Salary support of up to 70% (capped at $5,000 per month) during training, with enhanced support up to 90% (capped at $7,500 per month) for mature or long-term unemployed hires
Eligibility	Must offer a full-time permanent role and meet program requirements, including co-funding obligations

Career Conversion Program (CCP) - Job Redesign (JR) Reskilling

Key Focus	Reskilling and upskilling of existing employees for redesigned or new roles.
Best Suited For	Employers upgrading current staff to meet changing business needs
Funding Amount	Covers up to 90% of monthly salary for employees ≥40 years (capped at S$7,500/month) and 70% for employees <40 years (capped at S$5,000/month) throughout the reskilling period
Eligibility	Reskilling existing employees (≥1 year with company) into new/redesigned permanent roles, with a validated On-the-Job (OJT) plan; employees must not be shareholders or related parties

Global Ready Talent (GRT) Grant

Key Focus	Funding for internships and overseas attachments to develop talent and global exposure
Best Suited For	Companies offering structured internships to local or overseas students
Funding Amount	Covers 50% of the minimum monthly internship stipend for SMEs (S$800 for NITEC/diploma students, S$1,000 for degree students)
Eligibility	Students must be full-time tertiary students

Market Expansion-related Grants

Market expansion-related grants are crucial for SMEs aiming to tap into overseas markets, diversify revenue streams, and scale beyond Singapore’s limited domestic market.

Enterprise Development Grant (EDG) - Market Access: Pilot Project & Test Bedding

Key Focus	Supports SMEs in testing new products or services in real-world environments to validate market viability and scalability
Best Suited For	SMEs validating new offerings in domestic or overseas markets
Funding Amount	Up to 70% of qualifying costs
Eligibility	Company must be financially capable of completing the project, and the project must involve a new product or solution that is not yet generating revenue, demonstrating viability for market scaling

Market Readiness Assistance (MRA) Grant - Overseas Business Development

Key Focus	Supports SMEs in identifying overseas partners, customers, and opportunities to expand into new international markets
Best Suited For	SMEs looking to strategically enter and grow in overseas markets
Funding Amount	Up to 50% of qualifying costs
Eligibility	Must be new to the target overseas market (annual sales ≤ S$100,000 in that market over the past 3 years)

Sustainability-related Grants

Sustainability is a national and global priority, and SMEs that adopt green practices not only reduce costs but also stay aligned with government incentives and consumer expectations.

SG Eco Fund

Key Focus	Supports community-driven projects in Singapore that promote environmental sustainability through measurable benefits, innovation, and long-term impact
Best Suited For	Businesses implementing environmentally sustainable practices
Funding Amount	Up to 80% of qualifying costs
Eligibility	Project must align with sustainability objectives

👉🏻 Every SME has unique needs. Still not sure which grants fit your business? Use Grantbii to match your business goals with the right grants and secure funding faster.

Before you go…

Did you know that in 2023 alone, government agencies disbursed S$4.6 billion in grants to over 120,000 businesses? That’s an average of hundreds of millions per month in funding!

But grants do more than provide funding – they help your business respond to real challenges – from tariffs raising costs to manpower rules increasing hiring expenses, market expansion grants help keep doors to new markets open, while workforce grants support worker reskilling & retention.

The 10 grants featured in this guide are just the tip of the iceberg. Many more industry-specific schemes exist to meet specialized SME needs. Understanding which grants apply & when to act makes the difference between missed opportunities and meaningful growth.

👉🏻 Use Grantbii to tap into generous government funding without overspending on time or effort. Don’t let your business be left behind – get started today.