Singapore’s government is well-known for its proactive support of businesses, individuals, and industries through various grants and subsidies. Whether you’re a business owner looking to expand, an entrepreneur taking your first steps, or a professional aiming to upskill, there’s likely a scheme available to help you reach your goals.
This complete guide outlines 12 government grants in Singapore that you should know about, covering grants for businesses, individuals, and organizations. By the end, you’ll have a better understanding of what’s available and how you can apply.
Why Government Grants Matter
Government grants are essential tools that promote innovation, economic growth, and workforce development. They help reduce financial burdens, empower startups and enterprises, and equip individuals with necessary skills. Taking advantage of these schemes could fast-track your plans and bring your ambitions to life.
For Businesses
1. Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) supports SMEs in adopting IT solutions and equipment to improve productivity. Examples of areas covered include customer management, inventory tracking, and accounting software.
- Grant Amount: Up to 70% of qualifying costs
- Eligibility:
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- Registered and operating in Singapore
- At least 30% local shareholding
- Company turnover of $100 million or below
Tip: Companies can browse pre-approved IT solutions on platforms like GoBusiness Singapore.
2. Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) aids businesses in improving business capabilities and international expansion. Common supported projects include market access, transformation strategies, and innovation.
- Grant Amount: Up to 70% of qualifying costs (up to 80% for specific sectors during COVID-19 recovery)
- Eligibility:
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- Registered and operating in Singapore
- At least 30% local shareholding
- Financially capable of completing the project
3. SkillsFuture Enterprise Credit (SFEC)
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in workforce and enterprise transformation by offsetting out-of-pocket expenses for approved initiatives.
- Grant Amount: Up to $10,000 for eligible expenses
- Eligibility:
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- Must have contributed at least $750 of Skills Development Levy
- Must have at least three local employees
4. Startup SG Founder Grant
The Startup SG Founder Grant provides funding and mentorship to first-time entrepreneurs to fuel innovative business creation.
- Grant Amount:
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- $50,000 for startups
- Eligibility:
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- The team must be fully committed to the business
- Business must demonstrate innovative solutions
This grant is especially useful for Singapore-based startups that have strong potential for market growth.
5. Market Readiness Assistance (MRA) Grant
For businesses with plans to expand overseas, the Market Readiness Assistance (MRA) Grant provides financial support for market entry activities, such as market research or overseas business development.
- Grant Amount:
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- Up to 70% of qualifying costs
- Eligibility:
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- Registered and incorporated in Singapore
- At least 30% local shareholding
- Must not have exceeded S$100,000 in grants under the same initiative in the last 3 fiscal years
For Individuals
6. SkillsFuture Credit
The SkillsFuture Credit empowers Singaporeans to upskill or reskill by offering financial support for a wide range of courses.
- Grant Amount:
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- $500 (additional $500 for mid-career individuals aged 40-60)
- Who Qualifies?:
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- Singaporeans aged 25 and above
If you’re considering career growth or simply learning a new skill, this is one of the easiest grants to utilize.
7. Workfare Skills Support (WSS) Scheme
The Workfare Skills Support (WSS) Scheme supports low-income workers by helping them develop skills to achieve better job prospects.
- Grant Amount:
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- Training allowance top-up of $100+ and course fee funding
- Eligibility:
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- Singapore citizens aged 35 and above (or 13+ for persons with disabilities)
- Earn a gross monthly income of $2,500 or less
8. Professional Conversion Programs (PCP)
The Professional Conversion Programs (PCP) supports mid-career professionals in switching jobs or industries with relevant training and skills development.
- Grant Amount:
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- Subsidized training fees (up to 90%)
- Salary support grants up to $6,000 over 6 months
- Eligibility:
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- Singaporeans or PRs looking for career conversion
9. Enhanced Training Support for SMEs (ETSS)
The Enhanced Training Support for SMEs (ETSS) offers additional support for SME employees aiming to enhance their competencies.
- Grant Amount:
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- Up to 90% subsidy for course fees
- Eligibility:
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- SMEs with 30% local shareholding and less than 200 employees
For Organizations and Communities
10. Our Singapore Fund (OSF)
The Our Singapore Fund (OSF) supports community-led projects that inspire unity, national identity, and social cohesion.
- Grant Amount:
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- Up to 80% of project costs
- Eligibility:
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- Project must benefit the community and align with national values
11. Community Capability Trust (CCT)
The Community Capability Trust (CCT) aims to strengthen social service organizations with funding for leadership development and transformation.
- Grant Amount:
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- Varies by project
- Eligibility:
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- Social service agencies affiliated with the National Council of Social Service (NCSS)
12. Energy Efficiency Fund (E2F)
The Energy Efficiency Fund (E2F) provides grants for businesses adopting energy-efficient equipment which reduces emissions and operational costs.
- Grant Amount:
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- Up to 70% for energy-efficient solutions
- Eligibility:
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- Registered and operating in Singapore
- Purchase of equipment must achieve measurable energy savings
How to Apply for These Grants
Most government grants in Singapore can be accessed via platforms like GoBusiness Singapore or the respective government agencies. Here are some general tips:
- Read the eligibility criteria carefully.
- Gather all required documents in advance.
- Follow application deadlines strictly.
- Contact grant officers for clarification if needed.
Make the Most of These Opportunities
Singapore is a nation that rewards ambition, and these grants are proof. Whether you’re building your business, leveling up your career, or strengthening your community, there’s a program designed to make your goals achievable.
Take the first step today with Grant Consultant. Research the grants that resonate with your ambitions, secure the resources to fulfill your goals, and watch your efforts flourish.
