Singapore has more business support than most owners realise, but the grants are easy to confuse. Here is what the main ones actually do, and how to pick the right one for where your business is.
The four names you will hear most are the EDG, PSG, MRA and SFEC. They are not interchangeable — each is designed for a different kind of project. Choosing well starts with being honest about what you are actually trying to do.
| Grant | Best for | What it funds | Support |
|---|---|---|---|
| EDG | Building capability — strategy, finance, process, people | Consulting-led projects across core capabilities, innovation & productivity, and market access | Up to 50% |
| PSG | Adopting off-the-shelf productivity tools | Pre-approved IT solutions and equipment | Up to 50% |
| MRA | Expanding into overseas markets | Overseas market set-up, promotion and business development | Up to 50% (capped per market) |
| SFEC | Offsetting workforce & transformation costs | A credit applied on top of supportable programmes | A credit (confirm current availability) |
The Enterprise Development Grant (EDG)
The EDG co-funds projects that make the business fundamentally stronger — a proper business strategy, financial management, process, human capital, or growth into new markets. If your issue is "we need to fix the foundations and build a plan," this is usually the one. It is consulting-led, so it suits engaging an advisor to scope and deliver real change. See our full EDG funding guide.
The Productivity Solutions Grant (PSG)
The PSG is narrower and more transactional: it helps you adopt a pre-approved productivity tool or piece of equipment — accounting software, a booking system, a POS, and the like. If you already know the specific off-the-shelf solution you want, PSG is the faster route. It does not fund custom strategy work.
Market Readiness Assistance (MRA)
The MRA is for going overseas. It supports the costs of setting up, promoting and developing your business in a new market, capped per market. If your growth plan is international, MRA is the relevant grant — often after the EDG has got the core business ready to scale.
SkillsFuture Enterprise Credit (SFEC)
SFEC is not a standalone project grant. It is a credit that offsets your out-of-pocket costs on eligible workforce and business transformation programmes, on top of existing support. Availability and claim windows have changed over time, so confirm the current position before counting on it.
How to choose
- Need to fix the foundations and build a strategy? EDG.
- Know the exact software or tool you want to adopt? PSG.
- Expanding into a new country? MRA.
- Investing in your people and transformation? SFEC, alongside the above.
These are not either/or. A well-run growth plan often uses the EDG to build the strategy, PSG to adopt the tools it calls for, and MRA when it is time to go overseas — sequenced, not all at once.
The support levels and eligibility for every scheme are set by the relevant agency and assessed per application. The fastest way to know what fits is to start with the business problem, not the grant — which is exactly what a free business diagnosis is for.
The short version
EDG builds capability, PSG adopts tools, MRA goes overseas, SFEC offsets transformation costs. Start from what you are trying to achieve and the right grant becomes obvious. Confirm current support levels and eligibility with the administering agency.