Budget 2026 introduced the Business Refresh Package, a bundle of enhancements to several existing Enterprise Singapore schemes rather than a single new grant. If your company has been claiming the Enterprise Financing Scheme, Market Readiness Assistance, the Business Adaptation Grant, or the Double Tax Deduction for Internationalisation, the rules you rely on changed from 1 April 2026, and change again once EDGE launches later in the year. This guide summarises what actually changed, and where to look for the detailed mechanics of each underlying scheme.
What Is the Business Refresh Package?
The Business Refresh Package is Enterprise Singapore’s Budget 2026 umbrella for enhancing a group of existing support schemes across three broad goals: improving productivity and cost efficiency, helping companies grow revenue by capturing opportunities at home and abroad, and streamlining how businesses access grants in the first place. It is not a standalone grant with its own application form. Instead, it is a set of enhancements layered onto schemes that companies may already be using.
Enhancing Productivity and Cost Efficiency
| Scheme | What Changed |
|---|---|
| Energy Efficiency Grant (EEG) | Extended by one year, from 1 April 2026 to 31 March 2027, continuing co-funding for energy-efficient equipment across construction, food services, retail, manufacturing, maritime and data centre users, up to S$350,000 across base and advanced tiers |
| Enterprise Financing Scheme, Green (EFS-Green) | Extended for five years, from 1 April 2026 to 31 March 2031, continuing to facilitate financing for green technology adoption |
Growing Revenue at Home and Abroad
| Scheme | What Changed From 1 April 2026 |
|---|---|
| EFS, Mergers & Acquisitions | The temporary expansion to cover domestic M&A financing, previously due to lapse on 31 March 2026, is now made permanent alongside the existing support for overseas acquisitions |
| EFS, Trade Loan | The separate facility-level loan caps of S$10 million per borrower and S$20 million per borrower group are removed, replaced with a combined borrower group cap of S$50 million across all EFS facilities |
| EFS, SME Fixed Assets | The separate S$30 million facility-level caps are similarly removed and folded into the combined S$50 million borrower group cap across all EFS facilities |
| Market Readiness Assistance (MRA) | Support level raised to up to 70% for local SMEs (up from 50%) until 31 March 2029, with the enhanced S$100,000 per company per new market cap extended; once EDGE launches in 2H 2026, eligibility extends to local non-SMEs at up to 50% support, and the requirement that the market be a “new” market is removed |
| Double Tax Deduction for Internationalisation (DTDi) | From Year of Assessment 2027, the expenditure cap for claims that do not require prior approval rises from S$150,000 to S$400,000 per YA, with the no-approval-needed scope widened to cover all overseas market development and investment study trip expenses plus several other qualifying activities |
| Business Adaptation Grant (BizAdapt) | Support level raised to 70% for SMEs (from 50%) and 50% for non-SMEs (from 30%), running until 6 October 2027, to help companies exposed to tariff disruption adapt operations and supply chains |
| Global Innovation Alliance (GIA) | Support raised to 70% for SMEs and 50% for non-SMEs until 31 March 2029, alongside a refreshed strategy separating “Launch” support for startups entering a new market from “Grow” support for startups scaling an existing one |
| Enhanced Visual Merchandising Programme and Heartland Enterprise Placemaking Grant | Support level for both raised to up to 70% (from up to 50%) for heartland enterprises |
Fostering a Pro-Enterprise Environment: EDGE Is Coming
From the second half of 2026, businesses will be able to apply for EDGE, a new grant that consolidates the Enterprise Development Grant (EDG), Productivity Solutions Grant (PSG) and Market Readiness Assistance (MRA) into a single scheme. Rather than working out which of the three existing grants an activity falls under, companies will apply based on their intended outcome, such as improving digitalisation, expanding into new markets, or lifting overall efficiency. EDGE will be open to all Singapore-registered businesses, including non-SMEs, with support of up to S$100,000 per year for eligible activities, and a case-by-case pathway for companies that need more. Until EDGE is implemented, EDG, PSG and MRA remain open for applications on the Business Grants Portal in their current form.
What This Means for Your Grant Planning
- Re-check your support level before submitting a new claim. If you last checked MRA or BizAdapt support percentages before April 2026, the numbers have moved, and your budget for a project may now stretch further.
- Time large EFS facilities carefully. The shift to a single combined S$50 million borrower group cap across EFS-TL and EFS-FA changes how much headroom a group has if it is drawing on more than one EFS facility at once.
- Watch the EDGE transition. If you are part-way through planning an EDG, PSG or MRA application, confirm whether it makes sense to submit now under current rules or wait for EDGE, particularly if your activity would newly qualify once the “new market” restriction under MRA is lifted.
- Revisit DTDi claims from YA2027. The higher S$400,000 no-approval threshold may let finance teams process more overseas expansion claims without waiting for prior Enterprise Singapore or STB approval.
Frequently Asked Questions
Do I need to reapply for a grant I am already receiving to get the enhanced support level?
This depends on the scheme and whether your claim was approved before or after 1 April 2026. New applications and new qualifying costs incurred from that date generally benefit from the enhanced rates; existing letters of offer are usually not retroactively amended. Check your specific letter of offer or ask your Enterprise Singapore relationship manager.
Will EDG, PSG and MRA disappear once EDGE launches?
Enterprise Singapore has indicated EDGE will streamline these three grants into one scheme. Businesses should watch for the official EDGE launch details before assuming any specific transition arrangements for applications already in progress.
Does the Business Refresh Package affect SkillsFuture Enterprise Credit or PACT?
The Business Refresh Package as announced does not directly change SFEC or PACT; those schemes have their own separate timelines and enhancements, so check the specific scheme rules rather than assuming Business Refresh Package changes apply.
Where to Go Deeper on Each Scheme
Because the Business Refresh Package touches so many schemes at once, it is worth reading the mechanics of each underlying grant separately. See our guides on the Business Adaptation Grant (BizAdapt), the EDGE grant timeline, and how to approach stacking multiple government grants without breaching any scheme’s own conditions. If your claim involves capital expenditure or wage support, also check our guide to the tax treatment of government grant income, since enhanced support levels mean larger amounts flowing through your accounts each year.
For the official Budget 2026 factsheet and scheme details, see the Ministry of Finance’s Budget 2026 page, and for the Business Grants Portal used to apply for EDG, PSG and MRA, see ACRA’s website for the latest links and eligibility updates.
Raffles Corporate Services helps SMEs work out which combination of grants and financing schemes fits their expansion plans, and keeps clients updated as scheme rules change through the Budget cycle.
The Editorial Team, Raffles Corporate Services