In a strategic move aimed at bolstering the resilience and growth of small and medium-sized enterprises (SMEs), Singapore’s Ministry of Trade and Industry (MTI) announced a major expansion of its support framework in May 2025. Through the latest Business Grant Portal update, several schemes under the MTI Biz Support umbrella have been streamlined and enhanced, making it easier and more rewarding for SMEs to apply for funding.
Key Highlights of the Business Grant Portal Update
The 2025 Business Grant Portal update brings more clarity, faster processing times, and expanded eligibility criteria. Entrepreneurs can now access real-time updates, automated eligibility checks, and grant bundling features that allow for simultaneous applications. The update aims to reduce the administrative burden on business owners and facilitate quicker disbursements.
What’s New in SME Funding for 2025?
Under the refreshed MTI Biz Support scheme, new grant categories have been introduced, focusing on areas such as digital transformation, sustainability initiatives, workforce upskilling, and overseas market expansion. These are crucial sectors that align with Singapore’s Future Economy strategies.
SME Funding Categories Available in 2025
| Grant Type | Purpose | Max Funding Amount | Eligibility |
|---|---|---|---|
| Productivity Solutions Grant (PSG) | Tech solutions and equipment | Up to 80% support | SMEs registered in Singapore |
| Enterprise Development Grant (EDG) | Innovation, market expansion, process improvement | Up to 70% | Growth-oriented local companies |
| Energy Efficiency Grant (EEG) | Energy-saving equipment for high-energy industries | Up to 70% | SMEs in Food, Manufacturing, and Retail |
| SkillsFuture Enterprise Credit (SFEC) | Workforce upskilling and job redesign | Up to $10,000 credit | Eligible employers with local workers |
How MTI Biz Support Helps Modern Businesses
The MTI Biz Support platform now includes dedicated advisory tools and sector-specific roadmaps to guide SMEs on how to leverage available funding. A business in logistics, for example, might receive curated recommendations for automation tools and export grants tailored to their operations.
The update also reflects a sharper emphasis on internationalization. Grants for overseas market access now cover more markets and offer co-funding for participation in global trade fairs, e-commerce integration, and regional branding campaigns. With Asia-Pacific trade continuing to surge in 2025, this is a strategic advantage for Singaporean SMEs looking to scale.
Getting Started: Claiming Your SME Grants
To apply for the enhanced schemes, SMEs must first register or log into the Business Grant Portal using their CorpPass. The portal has been redesigned for mobile responsiveness, allowing users to check their grant status or upload documents from any device.
Here are a few best practices when applying:
- Ensure business details on ACRA are current
- Prepare relevant financial statements and project proposals
- Use the pre-application checklist within the portal
- Consult an MTI advisor if unsure about grant alignment
Early applicants in Q2 2025 have already reported turnaround times of under 10 working days for approval.
Conclusion
The MTI’s 2025 enhancements to its SME funding landscape show a clear commitment to future-proofing Singapore’s business ecosystem. By revamping the Business Grant Portal and broadening support under MTI Biz Support, the government has made it easier for local enterprises to thrive. From digitization to overseas growth, there’s now broader and more targeted support available.
FAQs About Singapore’s SME Grants in 2025
What is the Business Grant Portal update in 2025?
The update includes new features like real-time eligibility checks, multi-grant applications, and mobile compatibility.
Who qualifies for MTI Biz Support grants?
SMEs that are registered and operating in Singapore, with at least 30% local shareholding, typically qualify.
Can one business apply for multiple SME funding schemes?
Yes, with the new bundling feature, businesses can apply for several grants at once, provided they meet eligibility for each.
What sectors are prioritized under the 2025 SME grants?
Priority is given to digital, green tech, manufacturing, logistics, and professional services sectors.
How long does it take to receive approval?
Processing time has been shortened to 10 working days on average, depending on application completeness.
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