Enterprise Development Grant

Overview*

The EDG funds qualifying project costs, namely third-party consultancy fees, software and equipment, and internal manpower cost, up to 50% of eligible costs for local SMEs. This covers the three categories below.

1. Core capabilities

Projects under core capabilities help companies prepare for growth and transformation by strengthening business foundations. These include business strategy, financial management, human capital development, strategic brand and marketing development, and service excellence.

2. Innovation and productivity

Businesses can transform through innovative products and processes and new business models. Optimizing resource usage can help enhance the efficiency of routine tasks and improve performance.

3. Market access

Tapping into the EDG can help companies defray the costs of venturing into overseas markets.

Criteria for application*

• The business entity is registered and operating in Singapore.
• The company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
• The company is financially ready to start and complete the project. Commonly used financial indicators, such as the current ratio, will be used for assessment.

*Note: Information accurate as of 23 February 2026

How can EY teams help?

EY teams help identify the right opportunities under the EDG and structure projects that align with companies’ growth objectives. Whether it involves strengthening core capabilities, driving innovation or expanding overseas, EY teams guide the company through every step, from crafting a strong proposal and negotiating incentive parameters to assistance for smooth implementation and compliance. This helps make the EDG application process clear and efficient so that more resources can be allocated to enhancing or scaling up the business.