Enterprise Development Grant (EDG)
Up to 80% support level + 90% out of pocket cost
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas. Projects under Innovation and Productivity support companies that explore new areas of growth, and look for ways to enhance efficiency or optimize resource usage to improve their sustainability performance.
As announced in Budget 2022, for the Food Services and Retail sectors, the support level will be up to 80% from 1 April 2022 to 31 March 2023.
To qualify for the EDG, you need to:
Be A Business Entity Registered And Operating In Singapore
Have A Minimum Of 30% Local Shareholding
Be In A Financially Viable Position To Start And Complete The Project
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
Additional SFEC Support Available
The Skills Future Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off $10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.