Singapore’s grant landscape is generous — but navigating it intelligently means understanding not just what each grant covers, but how to combine multiple grants to maximise the total funding your business can claim. This strategy, known as grant stacking, is entirely legitimate when done correctly, and can reduce your effective cost of business investment by 70–90% on qualifying projects.
This guide explains the rules of grant stacking in Singapore, practical examples of successful combinations, and the one golden rule you must never break.
The Golden Rule: No Double-Dipping
Before we dive into stacking strategies, understand the foundational rule: you cannot claim the same dollar of expenditure under two different grants. Enterprise Singapore (EnterpriseSG), the primary administrator of Singapore’s business support grants, takes a clear line on this — each line item of expenditure can only be claimed under one scheme at a time.
What you can do is use different grants to fund different components of the same project or initiative. If you are expanding overseas, for example, EDG might fund your market entry strategy development, MRA might fund the cost of participating in trade fairs, and SFEC credit might offset the out-of-pocket costs not covered by either. Three grants, three different expenditure categories, no overlap — fully compliant.
Key Singapore Business Grants at a Glance (2026)
| Grant | Administrator | Max Support | Best For |
|---|---|---|---|
| EDG (Enterprise Development Grant) | EnterpriseSG | Up to 50% of qualifying costs | Strategy, capability building, overseas market development |
| PSG (Productivity Solutions Grant) | EnterpriseSG | Up to 50% of pre-approved IT/equipment costs | Technology adoption, pre-approved digital solutions |
| MRA (Market Readiness Assistance) | EnterpriseSG | Up to 50%, capped at S$100,000 per new market | Overseas market entry activities |
| SFEC (SkillsFuture Enterprise Credit) | SkillsFuture Singapore | S$10,000 credit per company | Workforce upskilling, enterprise transformation programmes |
| Jobs Growth Incentive (JGI) | MOM | Wage offset for eligible hires | Hiring workers from disadvantaged groups |
| CIT Rebate (Budget 2026) | IRAS | Up to 50% corporate tax rebate, capped at S$40,000 | Tax relief (automatic, no application required) |
For individual grant guides, see our dedicated articles on the MRA Grant, the PSG Grant, and the SkillsFuture Enterprise Credit.
Grant Stacking Strategies by Business Goal
Strategy 1: Digital Transformation
This is one of the most powerful stacking opportunities available to Singapore SMEs. A typical digital transformation project — moving from manual processes to an integrated ERP + CRM + e-commerce stack — can draw on multiple grants simultaneously:
- PSG: Fund the adoption of pre-approved software solutions (CRM, accounting software, HR systems). Reimbursement rate is up to 50% of the software subscription or licence cost. The pre-approved solution list is published on the Business Grants Portal.
- EDG (Core Capability building pillar): Fund the consultancy cost of designing your digital architecture, data governance framework, or change management programme. EDG covers consultancy fees, not software subscriptions — so no overlap with PSG.
- SFEC: Use the S$10,000 credit to offset the cost of training your employees to use the new systems (qualifying SkillsFuture-approved training programmes).
Illustrative example: A 30-person logistics SME implements a new ERP system (S$60,000 licence), hires an IT consultant to design the integration (S$40,000), and sends 10 staff for digital skills training (S$15,000 course fees). PSG covers 50% of the ERP licence (S$30,000); EDG covers 50% of the consultancy (S$20,000); SFEC covers S$10,000 of the training cost. Total grants received: S$60,000. Effective cost to the company: S$55,000 instead of S$115,000 — a 52% reduction.
Strategy 2: Overseas Market Entry
For Singapore companies expanding internationally, MRA and EDG are natural complements:
- EDG (Market Access pillar): Fund the development of your internationalisation strategy — market research, partner identification, legal and IP protection advice in the target country. EDG can cover up to 50% of these advisory and consultancy costs.
- MRA: Fund the actual market entry costs — overseas trade shows, market promotion activities, overseas business development trips, set-up of overseas entities. MRA covers up to 50% of qualifying costs, capped at S$100,000 per new market for each three-year period.
The key: EDG pays for the planning, MRA pays for the doing. Different activities, no overlap.
Strategy 3: Workforce Upskilling + Hiring
Combine SFEC, JGI and EDG (under the Human Capital pillar) to reduce the net cost of building your team:
- SFEC: Offset training costs for existing employees in WorkTech, professional development and enterprise transformation programmes.
- JGI: Receive wage offsets when hiring mature workers, persons with disabilities or ex-offenders. JGI is automatically administered by MOM and does not require a separate application.
- EDG (Human Capital): Fund consultancy to redesign job roles, implement structured training programmes, or conduct HR transformation projects.
Common Mistakes to Avoid
Mistake 1: Claiming the Same Expense Under Two Grants
The most common — and most serious — mistake is double-claiming the same invoice or expense. EnterpriseSG and its agency partners conduct audits, and claimants found to have double-dipped may be required to repay all grants received, with potential interest and debarment from future grants.
Mistake 2: Not Checking Eligibility Before Starting the Project
Most grants require that work has not yet commenced before the grant application is approved. If you sign a vendor contract and then apply for a grant, you may be ineligible. Always apply first, get in-principle approval, and then start the project.
Mistake 3: Ignoring the Claim Process After Approval
Grant approval is not the end of the process — it is the beginning. Grants are reimbursed after you complete the project and submit a claim with supporting documentation (invoices, bank statements, delivery records). For guidance on post-grant compliance, see our article on After Your Grant Is Approved: Claims, Compliance & Audit Obligations.
Mistake 4: Missing the EDG vs PSG Decision Point
PSG is faster and simpler — it uses pre-approved vendor lists, so there is no need to source three quotes or write a business justification. But PSG only covers specific pre-approved solutions. EDG covers a much broader range of activities but involves more documentation and a longer approval timeline (typically eight to twelve weeks). Use PSG for off-the-shelf technology and EDG for bespoke or advisory work.
2026 Update: EDGE Grant (Coming in 2H 2026)
Budget 2026 announced that EDG, PSG and MRA will be consolidated into a single framework called the Enterprise Development and Growth with EnterpriseSG (EDGE) grant, expected to launch in the second half of 2026. The consolidation is designed to simplify the application process and reduce administrative burden for SMEs. Until EDGE launches, the existing EDG, PSG and MRA schemes remain fully operational. We will publish a dedicated guide on EDGE when the full details are released by EnterpriseSG.
Maximise Your Grant Strategy with Raffles Corporate Services
Identifying the right combination of grants, preparing compliant applications, and managing the claims process across multiple schemes requires time and expertise. At Raffles Corporate Services, we support Singapore businesses through the full grants lifecycle — from eligibility assessment and application preparation to post-approval claims and audit support. Our team stays current with EnterpriseSG guidelines to ensure your applications are compliant and your funding is maximised.
Contact us today to discuss your grants strategy.
— The Editorial Team, Raffles Corporate Services