Update, 6 November 2026: Several measures below have moved on since Budget 2026. The Enterprise Development Grant (EDG), Productivity Solutions Grant (PSG) and Market Readiness Assistance (MRA) closed to new applications on 29 September 2026, and EDGE opened on 30 September 2026; projects approved under the old grants continue and claim under their original terms. The Energy Efficiency Grant Base Tier was extended to 31 March 2028 and opened to all sectors (announced 7 April 2026), while the Advanced Tier ends on 31 March 2027. From 1 September 2026 to 31 March 2027, EFS Working Capital and Project Loans carry a 70% government risk-share. See our guides to EDGE for overseas expansion, EDGE for digital solutions and equipment, the EFS 70% risk-share and our directory of Singapore government grants.
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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 changed again when EDGE launched on 30 September 2026. 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) | Budget 2026 extended the EEG by one year, from 1 April 2026 to 31 March 2027, across construction, food services, retail, manufacturing, maritime and data centre users, up to S$30,000 under the Base Tier and up to S$350,000 across Base and Advanced Tiers. On 7 April 2026, the Base Tier (up to 70% for SMEs and 30% for non-SMEs) was further extended to 31 March 2028 and opened to all sectors; the Advanced Tier, for construction and manufacturing only, still ends on 31 March 2027 |
| 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. MRA closed to new applications on 29 September 2026; its activities moved into EDGE, where internationalisation activities are supported at up to 70% for SMEs and, for the first time, up to 50% for non-SMEs, without the “new market” restriction |
| 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 Has Launched
EDGE opened for applications on 30 September 2026. It consolidates the Enterprise Development Grant (EDG), Productivity Solutions Grant (PSG) and Market Readiness Assistance (MRA) into a single scheme; the three older grants stopped accepting new applications after 29 September 2026. Rather than working out which grant an activity falls under, companies now apply based on the activity they intend to carry out, such as digitalisation, expanding into overseas markets, sustainability or standards. EDGE is open to Singapore businesses with at least 30% local ownership, including non-SMEs, with support of up to S$100,000 per company per year (1 April to 31 March) and a case-by-case pathway for companies that need more. Within that cap, single-function digital solutions, integrated enterprise systems and pre-scoped equipment share a S$30,000 sub-cap. Support is generally up to 50% for SMEs and 30% for non-SMEs, rising to 70% and 50% for internationalisation and sustainability activities.
EDG, PSG and MRA projects approved before the switch continue to completion and claim under their original terms, and past funding under those grants does not count towards the EDGE cap. EDGE change requests open from 1 November 2026, claims for digital solutions and pre-scoped equipment from 1 December 2026, and claims for other activities from 1 January 2027; see our guide to EDGE claims and change requests.
Changes Announced After Budget 2026
- April 2026 support package: In the Ministerial Statement of 7 April 2026, the Government extended the EEG Base Tier to 31 March 2028 and expanded it to all sectors. The Advanced Tier still ends on 31 March 2027.
- Second support package (29 July 2026): The government risk-share on the EFS SME Working Capital Loan and Project Loan was raised from 50% to 70% from 1 September 2026 to 31 March 2027, and the Project Loan was extended to secured domestic projects by local construction firms over the same period.
- EDGE launch (30 September 2026): EDG, PSG and MRA closed to new applications and were replaced by EDGE.
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 all EFS facilities changes how much headroom a group has if it is drawing on more than one EFS facility at once. If you need a Working Capital or Project Loan, the 70% risk-share window closes on 31 March 2027.
- Plan new projects under EDGE. EDG, PSG and MRA closed to new applications on 29 September 2026, so new projects go through EDGE. Activities that would not have qualified under MRA’s “new market” rule, or overseas projects by non-SMEs, may now be supportable.
- Do not miss the EEG Advanced Tier deadline. Larger energy-efficiency investments under the Advanced Tier must be applied for by 31 March 2027; Base Tier equipment can be applied for until 31 March 2028.
- 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.
What happened to EDG, PSG and MRA when EDGE launched?
They stopped accepting new applications after 29 September 2026. Applications submitted before 30 September 2026 are assessed under the old rules, and approved projects continue to completion and claim under their original letters of offer. You cannot seek EDGE support for a project already supported under those grants.
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. Note that EDGE is not supportable under SFEC, and final claims for SFEC-supported EDG, PSG and MRA programmes are due by 30 November 2026.
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, the Energy Efficiency Grant, the Global Innovation Alliance, 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 statement and annexes, see the Singapore Budget website, and for EDGE eligibility, activities and the application link to the Business Grants Portal, see Enterprise Singapore’s EDGE grant page.
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.
Information checked against official sources on 6 November 2026.
The Editorial Team, Raffles Corporate Services
For a related funding option, see our guide to heartland shop grants for visual merchandising and placemaking.
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