March 20, 2026
Posted by: Sage Shield Safety Consultants
Category: Digital Transformation

Singapore Business Grants for SMEs 2026 — PSG, EDG & SkillsFuture Explained

Name: Sage Shield Safety Consultants Pte Ltd
Price range: $$

Singapore offers some of the most generous business grants in the region. Whether you are a startup looking to digitise operations or an established small and medium enterprise (SME) planning a major transformation, there is likely a government grant that can fund 50 to 70 percent of your project. But with so many grants available — the Productivity Solutions Grant (PSG), Enterprise Development Grant (EDG), SkillsFuture Enterprise Credit (SFEC), and Market Readiness Assistance (MRA) — it can be confusing to know which one fits your business.

This guide breaks down the most relevant grants for Singapore SMEs in 2026, explains who qualifies, and shows you exactly how to apply.

1. Productivity Solutions Grant (PSG)

The Productivity Solutions Grant is a government grant administered by Enterprise Singapore that helps businesses adopt pre-approved digital solutions. It is one of the fastest and simplest grants to apply for, making it a popular choice among SMEs looking to upgrade their operations without the complexity of a full grant proposal.

What PSG Covers

PSG funds the adoption of off-the-shelf IT solutions and equipment that have been pre-approved by Enterprise Singapore. This includes solutions for accounting, human resources, customer relationship management (CRM), safety management, cybersecurity, and more.

Funding Level

Up to 50% of qualifying costs for supported digital solutions.

Who Can Apply

Business registered and operating in Singapore
No more than 200 employees or annual revenue not exceeding $100 million
At least 30% local shareholding
Purchase or subscription of the IT solution must not have commenced before the grant application

How to Apply

Applications are submitted through the Business Grants Portal (BGP) using CorpPass. You select the pre-approved solution, submit supporting documents, and typically receive a decision within 4 to 6 weeks.

How We Help

At Sage Shield, our Digital Compliance Systems — including safety management platforms, permit-to-work systems, and corporate training portals — are designed with PSG eligibility in mind. We guide you through solution selection and the application process.

Read our complete PSG Grant guide →

2. Enterprise Development Grant (EDG)

The Enterprise Development Grant is Enterprise Singapore’s flagship grant for businesses undertaking customised transformation projects. Unlike PSG, which covers pre-approved solutions, EDG supports bespoke projects that are tailored to your specific business needs.

What EDG Covers

EDG supports projects across three strategic pillars:

Core Capabilities — Business process redesign, workforce training, and corporate governance
Innovation and Productivity — Technology adoption, automation, and process optimisation
Market Access — Overseas expansion, new market entry, and internationalisation

Funding Level

Up to 50% of qualifying project costs, and up to 50% for qualifying SMEs.

Who Can Apply

Business registered and operating in Singapore
Minimum three years of operation for certain project categories
Financially viable business with a clear project plan
Projects must be forward-looking — you cannot claim for work already done

How to Apply

EDG applications are also submitted through the Business Grants Portal (BGP). Because EDG covers custom projects, the application requires a more detailed proposal, including project scope, expected outcomes, and a timeline. Processing typically takes 8 to 12 weeks.

How We Help

We design and build customised Digital Compliance Systems funded by EDG — from safety management platforms and document automation tools to integrated compliance dashboards. Our team handles the grant application on your behalf, from initial consultation through to deployment and grant filing.

Explore our EDG-funded Digital Compliance Systems →

3. SkillsFuture Enterprise Credit (SFEC)

The SkillsFuture Enterprise Credit is a one-off $10,000 credit that helps employers invest in workforce transformation and skills development. It is one of the easiest grants to access because eligible companies receive the credit automatically — there is no separate application process for the credit itself.

What SFEC Covers

The $10,000 credit covers up to 90% of out-of-pocket costs for supportable programmes, including:

Workforce training programmes and certifications
Enterprise transformation projects
Skills development initiatives aligned with national frameworks

Who Qualifies

Employed at least three Singapore citizens or permanent residents in at least one month during the qualifying period
Contributed Skills Development Levy (SDL) for at least three consecutive months

Can SFEC Be Combined With Other Grants?

Yes. One of the biggest advantages of SFEC is that it can be stacked with other grants such as PSG or EDG. This means you can use the credit to further offset out-of-pocket expenses on a funded project, stretching your grant dollars even further.

How We Help

Use your SFEC to fund workplace safety training for your team through our Sage Shield Academy — with more than 45 courses covering bizSAFE, ISO, fire safety, risk assessment, and more.

Visit Sage Shield Academy →

4. Market Readiness Assistance (MRA) Grant

The Market Readiness Assistance Grant helps Singapore businesses expand overseas. Administered by Enterprise Singapore, it provides funding to defray the costs of entering new markets.

Key Details

Funding: Up to 50% of eligible costs, capped at $100,000 per new market per year
Covers: Market research, business matching activities, and overseas marketing
Best for: Companies ready to set up operations or pursue clients in foreign markets

While MRA is not directly related to workplace safety or compliance, it is worth knowing about if your business has international ambitions. Companies that have built a strong compliance foundation in Singapore — through bizSAFE, ISO certifications, or CaseTrust accreditation — often find these credentials give them a competitive edge when expanding overseas.

5. SkillsFuture Study Awards and Training Subsidies

Beyond enterprise-level grants, Singapore also offers individual training subsidies that benefit both employers and employees.

For Individuals

Every Singaporean aged 25 and above receives a SkillsFuture Credit that can be applied to a wide range of approved courses, including workplace safety and health (WSH) courses. Employees can use these credits to upskill on their own, reducing your company’s training expenditure.

For Employers

Course fees for SkillsFuture-funded programmes often attract subsidies of up to 70% (or up to 90% for SMEs under enhanced funding), meaning your actual out-of-pocket cost for employee training can be very low — especially when combined with SFEC.

Browse our WSH course catalogue →

Which Grant Is Right for Your Business?

The table below provides a quick comparison of the three most popular grants for Singapore SMEs:

Feature	PSG	EDG	SFEC
Best for	Pre-approved digital solutions	Custom transformation projects	Employee training and skills
Funding level	Up to 50%	Up to 50%	$10,000 one-off credit
Typical project size	$5,000 – $50,000	$30,000 – $500,000+	Training costs
Processing time	4–6 weeks	8–12 weeks	Automatic for eligible companies
Application complexity	Simple — select from pre-approved list	Detailed proposal required	Very simple
Can combine with other grants?	Yes (not the same project as EDG)	Yes (not the same project as PSG)	Yes — stackable with PSG or EDG

Quick Decision Guide

You want a ready-made IT solution (e.g., safety management software, HR system, accounting tool) → Apply for PSG
You need something custom-built (e.g., bespoke compliance platform, process automation) → Apply for EDG
You want to train your workforce (e.g., safety courses, leadership development) → Use SFEC
You want to combine approaches → Stack SFEC with either PSG or EDG for maximum savings

How Sage Shield Can Help

At Sage Shield Safety Consultants, we specialise in Digital Compliance Systems for workplace safety — including safety management platforms, permit-to-work systems, corporate training portals, and document automation tools. Here is how we support businesses through the grant process:

Grant identification — We help you determine which grant best fits your project and budget
Application support — We handle the entire grant application process, from proposal writing to submission
Solution design and deployment — Our team builds and deploys the system, ensuring it meets grant requirements
Post-deployment filing — We manage the claims process after project completion

From consultation to deployment to grant filing — one team handles everything.

Trusted by over 500 companies across Singapore, including Far East Organization, Shangri-La, Lian Beng Group, Certis, and Food Empire.

Get Started — Free Grant Assessment

Not sure which grant fits your business? We offer a free grant assessment to help you identify the best funding option for your project.

Contact us today:

Last updated: March 2026. Grant terms and funding levels are subject to change. Always refer to the official Enterprise Singapore and SkillsFuture websites for the latest information.