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Find out moreBudget 2026 and the July 2026 Support Package help businesses manage costs, expand overseas and grow, while strengthening Singapore’s enterprise ecosystem and capital markets.
Managing Business Costs
Enhanced Enterprise Financing Scheme
The Enterprise Financing Scheme (EFS) enables Singapore enterprises to access financing more readily across all stages of growth.
Budget 2026 permanently enhanced the maximum loan quantum under the EFS – SME Fixed Assets Loan and EFS – Trade Loan facilities to $50 million per borrower group (shared across all EFS facilities).
As part of the Second Support Package in Response to the Continuing Middle East Situation, the Government will share more of the risk on Enterprise Financing Scheme loans, to help local enterprises access financing amid cost pressures. From September 2026 to March 2027, the Government risk-share rises from 50% to 70% for:
- EFS – SME Working Capital Loan, which supports SMEs’ operational cashflow needs
- EFS – Project Loan, which currently finances secured overseas projects. Coverage is also expanded to domestic projects for local construction firms
Approach any of the participating financial institutions to apply for the loan. Approval of the loan is subject to the participating financial institution’s assessment.
Visit the Enterprise Singapore website for more information on the enhanced EFS.
- Business entity registered and operating in Singapore
- Company has at least 30% local shareholding held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
-
Company has a Group Annual Sales Turnover not exceeding
S$500 million
For “SME Working Capital” and “SME Fixed Assets”, an SME is defined as having a group revenue of up to S$100 million or maximum employment size of 200 employees.
SME Cash Grant 2026
The SME Cash Grant 2026 was introduced as part of the Second Support Package in Response to the Continuing Middle East Situation to help businesses manage higher energy prices and cost increases arising from the Middle East situation.
Eligible businesses will receive a grant of up to $2,500 in Nov 2026, based on the highest number of local qualifying employees in any month between Apr and Jun 2026.
All ACRA-registered companies, sole proprietorships and partnerships in Singapore will be automatically assessed for SME Cash Grant 2026 eligibility. No application is needed.
Visit the IRAS website for more information on the SME Cash Grant 2026.
To be eligible, the business must:
- Be active and registered in Singapore; and
- Have an annual revenue of no more than $100 million for Year of Assessment (YA) 2025, filed and assessed by IRAS as at 31 August 2026, or employ no more than 200 employees as at 30 June 2026
Note: Individuals who employ workers under their NRIC are not eligible for the SME Cash Grant 2026.
Rental Support for Stalls in Market and Hawker Centres
Stalls in market and hawker centres managed by the Government and Government-appointed operators will receive rental supportfrom September 2026 to February 2027 as part of the Second Support Package in Response to the Continuing Middle East Situation.
Eligible stallholders will receive $200 per month for cooked food stalls and $100 per month for market slab or lock-up stalls for six months.
The rental support will be disbursed in the form of a credit note or waivers to stallholders, which can be used to offset rental payment and other fees. NEA, HDB, JTC, and SLA will ensure passthrough of rental credit for Hawker Centres and Markets managed by their respective appointed operators.
Visit the NEA website for more information on the rental support for market and hawker centre stallholders.
Who is eligible for the rental support for stalls in market and hawker centres?
All registered stallholders in hawker centres and markets managed by the Government and Government-appointed operators, provided they meet the eligibility criteria. Government agencies involved include NEA, HDB, SLA, and JTC.
Eligibility criteria:
- Singapore Citizens and Permanent Residents;
- Registered stallholder with an active tenancy on the first of each month from September 2026 to February 2027; and
- Only for self-employed hawkers who are registered as primary stallholders.
Corporate Income Tax Rebate
The Corporate Income Tax (CIT) Rebate for Year of Assessment (YA) 2026 will be raised to 50% as part of the Second Support Package in Response to the Continuing Middle East Situation. The minimum benefit for eligible companies is raised to $2,000 in the form of a CIT Rebate Cash Grant, and the benefits cap is raised to $40,000 per company.
Eligible companies will receive the CIT Rebate Cash Grant by the second quarter of 2026. No application is needed.
Visit the IRAS website for more information on the CIT Rebate.
Who is eligible for the CIT Rebate Cash
Grant?
To be eligible for the CIT Rebate Cash Grant, a company must be
an active company
and must have met the local employee condition.
An active company refers to one that is carrying on a trade or business (including the activity of holding any investments) at the point of disbursement of the CIT Rebate Cash Grant. On the other hand, a company is regarded as inactive at the point of disbursement if it:
- is not carrying on any trade or business (including the activity of holding any investments);
- is in liquidation;
- is under receivership in respect of all of its properties; or
- has ceased to exist.
Local employee condition
A company is considered to have met the local
employee condition if it has made CPF contributions
to at least one local (Singapore citizen or
permanent resident) employee, excluding shareholders
who are also directors of the company, in the
calendar year 2025.
Supporting Local Companies to Expand Overseas
Business Adaptation Grant (BizAdapt)
Business Adaptation Grant (BizAdapt) helps local companies impacted by tariffs to adapt their business operations and strengthen supply chain resilience through advisory and reconfiguration support.
Under Budget 2026, Grant support levels for BizAdapt will be enhanced, to up to 70% of eligible costs for local SMEs, and up to 50% of eligible costs for local non-SMEs.
To apply, submit application on the Business Grants Portal.
Visit the Enterprise Singapore website for more information on BizAdapt.
- Business entity is registered and operating in Singapore
- At least 30% local shareholding
Refer to EnterpriseSG’s website for eligibility criteria for specific BizAdapt activities
Market Readiness Assistance Grant
The Market Readiness Assistance (MRA) Grant helps companies expand into new overseas markets by defraying the costs of overseas market promotion, business development and set-up.
Under Budget 2026, MRA will be enhanced as follows:
- Enhanced support level for local SMEs of up to 70% of eligible costs, from 50% currently
- Extension of the enhanced $100,000 cap per company
- Removal of “new to target overseas market” criterion to provide more support for companies to deepen their presence in existing overseas markets
Visit the Enterprise Singapore website for more information on the MRA Grant.
- Business entity that is registered and operating in Singapore
- At least 30% local shareholding
- Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees
Strengthening Our Enterprise Ecosystem
Anchor Fund
In 2022, the Government co-invested with Temasek to launch a first $1.5 billion tranche to attract and anchor high-quality listings in Singapore.
Under Budget 2026, the Government launched a second $1.5 billion tranche of the Anchor Fund (Anchor Fund 2), building on the positive momentum. As with the first tranche, it will be a co-investment between the Government and Temasek.
Read the Ministry of Energy, Trade and Industry factsheet for more information on Anchor Fund 2.
Startup SG Equity
The Startup SG Equity (SSGE) scheme catalyses private sector investments to support Singapore-based deep tech startups with global growth potential. The scheme supports startups built on advanced or specialised science or engineering and research-driven intellectual property.
Under Budget 2026, the Government set aside $1 billion to enhance the Startup SG Equity scheme and expanded its scope to cover growth-stage companies.
Visit the Enterprise Singapore website for more information on the SSGE Scheme.
Equity Market Development Programme
The Monetary Authority of Singapore (MAS) and the Financial Sector Development Fund (FSDF) announced a S$5 billion Equity Market Development Programme (EQDP) in February 2025. The EQDP aims to strengthen the local asset management and research ecosystem and increase investor interest in Singapore’s equities market. The EQDP is one of a series of measures announced by the Equities Market Review Group to strengthen the competitiveness of the local equities market.
Under the EQDP, MAS will invest in strategies managed by Singapore-based asset managers that have a strong focus on Singapore listed equities and broaden investor participation beyond large-cap stocks. MAS seeks to partner asset managers that demonstrate a strong track record and proven investment capabilities, and are committed to meeting developmental outcomes to grow investment and research capabilities in Singapore.
Under Budget 2026, the Government will expand the EQDP with a $1.5 billion top-up to the Financial Sector Development Fund.
Interested asset managers may contact MAS at EQDP@mas.gov.sg.
Visit the MAS website for more information on the EQDP.
Related Content
Singapore Budget 2026 is part of the Ministry of Finance, Singapore. Visit website