Government Grants & Schemes for Singapore SMEs (2026)
From digital adoption to overseas expansion — 9 government schemes Singapore SMEs should know about, including major 2026 changes.
Singapore’s government grant landscape is going through its biggest shake-up in years. Several long-standing schemes are being merged or redesigned in the second half of 2026 — so if you’ve been planning around PSG, EDG, MRA, or SFEC, this is worth reading before you apply.
Below is a comparison of 9 government grants and schemes relevant to Singapore SMEs in 2026 — covering technology adoption, financing, sustainability, workforce, overseas expansion, and tax relief.
Compare Government Grants & Schemes
• Want to adopt tech, expand overseas, or upgrade capabilities → EDGE
• Need operational cash flow financing → EFS-WCL
• F&B, retail, or manufacturing wanting to cut energy costs → Energy Efficiency Grant
• Investing in workforce/employee transformation → EWTP
• Brand new startup developing a novel product → StartupSG Founder
• Want to know your corporate tax relief → CIT Rebate
• Expanding overseas, want tax deduction → DTDi
• Hiring and want to de-risk a new hire → Career Trial Programme
• Fintech or financial-sector innovation project → FSTI 3.0
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| Scheme | Type | Support Level | Best For |
|---|---|---|---|
| EDGE (new, H2 2026) | Capability & Expansion Grant | Up to 50–70% of costs | Tech adoption, capability upgrade, overseas growth |
| EFS-WCL | Government-Assisted Loan | Loan, govt risk-share with banks | Operational cash flow financing |
| Energy Efficiency Grant (EEG) | Sustainability Grant | Up to 70% of costs (SMEs) | F&B, retail, manufacturing — energy-saving equipment |
| EWTP (replaces SFEC, H2 2026) | Workforce Transformation Credit | S$10,000 one-off credit | Enterprise & workforce transformation initiatives |
| StartupSG Founder | Early-Stage Startup Grant | Startup capital grant | First-time founders with a novel business idea |
| CIT Rebate / Cash Grant | Corporate Tax Relief | 40% rebate, min. S$1,500 cash grant | All active companies (YA 2026) |
| DTDi | Tax Deduction | 200% tax deduction on eligible costs | Overseas market expansion expenses |
| Career Trial Programme | Hiring Support | Work-trial period before formal hire | SMEs wary of hiring risk/mismatch |
| FSTI 3.0 | Financial Sector Innovation Grant | Up to S$150M committed (MAS) | Fintech & financial-sector innovation projects |
Scheme names, support levels, and timelines reflect Budget 2026 announcements as of June 2026 and are subject to change as EDGE and EWTP roll out. Always verify current details on the Business Grants Portal (BGP) or the relevant government agency before applying. This is not financial advice.
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A Closer Look at Each Scheme
Launching H2 2026, EDGE consolidates PSG, EDG, and MRA into one streamlined scheme accessed through the Business Grants Portal — covering tech adoption, capability building, and overseas expansion in a single application.
The Enterprise Financing Scheme – SME Working Capital Loan helps SMEs finance day-to-day operational cash flow, with the government sharing default risk with participating banks — usually translating to easier approval than a pure commercial loan.
Helps F&B, retail, and manufacturing SMEs adopt energy-efficient equipment, cutting utility costs while supporting Singapore’s sustainability push — funding up to 70% for qualifying SMEs.
Replacing SFEC from H2 2026, the Enterprise Workforce Transformation Package gives eligible employers a fresh S$10,000 credit to fund enterprise and workforce transformation efforts, automatically applied via Corppass.
Part of the StartupSG suite, this supports first-time entrepreneurs developing new products or technologies — good entry point if you’re pre-revenue and need early validation capital.
Announced in Budget 2026, a 40% Corporate Income Tax Rebate applies to all taxpaying companies for YA 2026, with active companies employing at least one local employee in 2025 receiving a minimum S$1,500 cash grant.
The Double Tax Deduction for Internationalisation gives a 200% tax deduction on eligible overseas expansion expenses, covering activities across key stages of your company’s growth into new markets.
Administered by Workforce Singapore, this lets you trial a candidate for a short work period before committing to formal employment — useful for SMEs wary of a costly hiring mismatch.
The Financial Sector Technology and Innovation Scheme supports fintech and financial-sector innovation projects, with MAS committing up to S$150 million across multiple tracks including AI, RegTech, and ESG FinTech.