In today’s unpredictable global economy, businesses must be agile and resilient. Regulatory changes, unexpected tariffs, and shifting markets can force even long-established firms to reassess their strategies. Fortunately, Singapore offers grant programs designed precisely for this purpose—enabling businesses to pivot, grow, and future-proof their operations.(Enterprise Singapore, 2025a)

 

Business Adaptation Grant (BAG): Preparing for Trade Turbulence

The Business Adaptation Grant (BAG), announced by the Economic Resilience Taskforce (SERT), will debut in October 2025 and run for two years. Under this initiative, companies operating in export markets or with manufacturing operations can receive up to S$100,000 in structured support, provided they co-fund the initiative. (MTI, 2025)

What the BAG covers:

• Advisory services on free trade agreements, trade compliance, legal and contractual matters—even supply chain optimization and market diversification

• For manufacturers, it includes logistics and inventory reconfiguration support to adjust operations swiftly.

 

Enterprise Development Grant (EDG): Supporting Long-Term Growth

The Enterprise Development Grant (EDG) is a more established scheme administered by Enterprise Singapore, supporting projects that help companies upgrade, innovate, and expand internationally.

EDG covers up to:

• 50% of qualifying costs, including software, equipment, consultancy fees, and internal manpower—rising to 70% for sustainability-related projects until March 2026. (Enterprise Singapore, 2025a)  

Areas of focus:

• Core Capabilities—strategy development, branding, service excellence, financial and human capital management
   

• Innovation & Productivity—automation, process redesign, product development
   

• Market Access—pilot testing, overseas marketing, mergers & acquisitions

EDG projects typically must be completed within 12–18 months, and applications are evaluated based on project scope and expected outcomes. (Enterprise Singapore, 2025a)

What Businesses Should Do Next:

1. Review current challenges—Are you facing market shocks or long-term transformation needs?

2. For immediate disruptions, investigate BAG applicability. 

3. For strategic projects, explore EDG options

4. Engage with relevant advisers—Enterprise Singapore and its affiliated centers offer guidance for both grants.

5. Prepare project documentation thoughtfully—Clearly define scope, outcomes, and financial projections.

6. Plan future-proofing and compliance—Use this as an opportunity to strengthen supply chains, improve infrastructure, or expand overseas

 

Reference List

• Enterprise Singapore (2025a) Enterprise Development Grant (EDG).

• Ministry of Trade and Industry (MTI) (2025) Singapore Economic Resilience Taskforce announces Business Adaptation Grant. [Press release].