Advancing Our Refreshed Economic Strategy

Managing Business Costs

• [Enhanced] Enterprise Financing Scheme (EFS) for local enterprises from Sep 2026 to Mar 2027
  • EFS enables Singapore enterprises to access financing more readily across all stages of growth
  • The EFS enhancement will increase access to financing for local firms amidst cost pressures
  • EFS - SME Working Capital Loan supports SMEs' operational cashflow needs. Government risk-share for EFS - SME Working Capital loan will be increased from 50% to 70%
  • EFS - Project Loan currently finances secured overseas projects. Government risk-share for EFS - Project Loan will be increased from 50% to 70%, and coverage will be expanded to domestic projects for local construction firms
• [New] SME Cash Grant 2026 in Nov 2026
  • Active SMEs with at least one local employee will receive a one-off cash grant of $500 per local employee, capped at $2,500 per SME
  • Eligible sole proprietorships, partnerships and limited liability partnerships with least one local business owner but no local employees will receive a flat payout of $500
  • No application is needed
• [New] Rental support for stalls in market and hawker centres managed by Government and Government-appointed operators from Sep 2026 to Feb 2027
  • Eligible cooked food stallholders will receive $1,200 in rental support
  • Eligible market stallholders will receive $600 in rental support
  • The rental support will be disbursed over six months
• Increase Corporate Income Tax rebate to 50% for Year of Assessment 2026
  • Raise minimum benefit to $2,000 for eligible companies
  • Raise benefits cap to $40,000 per company

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Connecting in a Changed World

• Enhance support for local companies to expand overseas
  • Higher grant support level of up to 70% for SMEs and up to 50% for non-SMEs
  • Enhance Market Readiness Assistance grant for enterprises to deepen presence overseas
  • Enhance Enterprise Financing Scheme to increase the maximum loan quantum for Trade and SME Fixed Assets loans

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Strengthening Our Enterprise Ecosystem

• $1.5 billion for Anchor Fund to support public listings of high-growth companies in Singapore
• $1.5 billion to expand Equity Market Development Programme
• Expand Startup SG Equity scheme to catalyse investments in early- and growth-stage deep tech startups

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