EDG vs PSG vs MRA: Which Singapore Government Grant Is Right for You?

Singapore offers SMEs three flagship business grants administered by Enterprise Singapore: the Enterprise Development Grant (EDG), the Productivity Solutions Grant (PSG), and the Market Readiness Assistance (MRA) grant. Each funds a different kind of project — but the three are frequently confused, partly because they all co-fund up to 50% of qualifying costs, and partly because applicants tend to ask “which grant pays for X?” rather than “which grant fits my growth stage?”.

This guide walks through what each grant funds, who qualifies, the typical award size, and a decision tree to help you pick the right one. We also flag the upcoming consolidation of EDG, PSG, and MRA into a unified programme called EDGE, expected to launch in the second half of 2026.

If you would like grants advisory built into a broader corporate services engagement, our affiliated firm Raffles Corporate Services works with clients on grant strategy alongside accounting, tax, and secretarial support.

The three grants at a glance

For broader context on the grants ecosystem, see our grants and incentives overview.

PSG: the entry-level grant

PSG funds a defined catalogue of pre-approved IT solutions, equipment, and consultancy services. The catalogue is curated by Enterprise Singapore in partnership with sector lead agencies — applicants choose from listed solutions rather than proposing their own. For a deep dive, see our PSG complete guide for SMEs in 2026.

Eligibility

• Registered and operating in Singapore.
• At least 30% local shareholding.
• Group annual sales turnover ≤ S$100 million OR group employment ≤ 200.
• For the relevant solution: must be the end-user.

What PSG is good for

Accounting software, HR/payroll systems, inventory management, customer engagement platforms, cybersecurity solutions, kitchen equipment for F&B. If you want to digitise an existing process, PSG is usually the right entry point.

EDG: the heavy-lifting grant

EDG supports more ambitious projects across three pillars: Core Capabilities (e.g., financial management, brand development), Innovation and Productivity (e.g., process redesign, automation, product development), and Market Access (e.g., overseas business development, M&A). For our deeper guide, see EDG in Singapore.

Eligibility

• Registered and operating in Singapore.
• At least 30% local shareholding.
• In a financially viable position to start and complete the project.
• Project must clearly tie to one of the three pillars.

Typical project shape

EDG projects are usually 6–18 months in duration with budgets of S$50,000–S$500,000+. Funding covers third-party consultancy fees, software/equipment used directly for the project, and (in some cases) internal manpower. The application is more substantial than PSG — expect to write a project proposal, milestones, and outcomes.

Sustainability-related projects (e.g., decarbonisation, energy efficiency) attract enhanced co-funding of up to 70%.

MRA: the international expansion grant

MRA supports first-time entry into specified overseas markets. It covers (a) overseas market promotion, (b) overseas business development, and (c) overseas market set-up. Each new overseas market is treated separately. See our MRA grant article for a fuller treatment.

Eligibility

• Business entity registered/incorporated in Singapore.
• At least 30% local shareholding.
• Group annual sales turnover ≤ S$100 million OR group employment ≤ 200.
• “New market” rule: less than S$100,000 in sales to that target market in each of the last 3 years.

What MRA covers

Translation of marketing materials, overseas trade fair participation, overseas market research, in-market business advisory, set-up of overseas representative offices or subsidiaries. There is a cap of S$100,000 per overseas market per company over the lifetime of the company.

Decision tree: which grant should you apply for?

For Budget 2025-related changes affecting these grants and the broader incentive landscape, see our Budget 2025 SME support article and the related internationalisation enhancements article.

Can you stack the grants?

Yes — but only if the grants cover different scopes of work. You cannot use multiple grants to co-fund the same expense (this is “double-dipping” and prohibited). For example, you can run an EDG project on process redesign while also using PSG to fund a separate inventory management system, and concurrently use MRA to enter Indonesia. Each addresses a different cost line.

A pragmatic stacking sequence we frequently see in well-run SMEs:

1. Year 1: PSG to digitise core operations (accounting, payroll, CRM).
2. Year 2: EDG to redesign workflows or develop a new offering.
3. Year 3: MRA to take the offering into a first overseas market (often Indonesia, Malaysia, or Vietnam given proximity).

Beyond grants, government schemes such as the Jobs Growth Incentive and various sectoral programmes complement the trio. See grants for hiring, training, and upskilling for HR-focused schemes.

The EDGE consolidation: what’s coming

Enterprise Singapore announced that EDG, PSG, and MRA will consolidate into a single programme called EDGE in 2026. The intent is to streamline the application experience and provide more flexibility on which costs can be funded under one envelope. Until EDGE rolls out, the existing three grants remain in force — and any approved EDG/PSG/MRA project will be honoured under the existing terms.

Practical implication for SMEs in 2026: don’t delay a viable grant application waiting for EDGE. Approved projects already in progress will not be disrupted, and the consolidated programme is expected to be more, not less, generous.

Application logistics

• All three grants are applied for via the Enterprise Singapore Business Grants Portal (BGP), with CorpPass authentication.
• EDG and MRA require a project proposal; PSG is essentially a quotation upload from a pre-approved vendor.
• Approval timelines: PSG 4–6 weeks; MRA 6–8 weeks; EDG 8–12 weeks (longer for complex projects).
• Claim disbursement is reimbursement-based — you pay the vendor first, then claim.

For underlying compliance once a grant is approved (audit, post-grant reporting, claw-back risks), build the post-grant obligations into your project plan. Our compliance requirements article covers the broader annual filings — note that grant audits are an additional layer.

Common mistakes

• Applying for the wrong grant. Trying to use PSG for a bespoke build, or trying to use EDG for an off-the-shelf software purchase, almost always fails.
• Starting work before approval. Costs incurred before the application is approved are typically not claimable.
• Misjudging the “new market” rule for MRA. If you have already done meaningful business in the target market, MRA won’t cover it.
• Inadequate documentation. Approved projects must be properly evidenced — keep invoices, deliverables, and progress reports clean from day one.

Conclusion

Choosing between EDG, PSG, and MRA comes down to the kind of project, not the size of the cheque. PSG is for digitising existing operations with off-the-shelf solutions; EDG is for building or transforming capabilities; MRA is for first-time international expansion. Most growth-stage SMEs benefit from using all three over a 2–3 year cycle, properly sequenced.

If you want help mapping a specific project to the right grant — including assessing eligibility, drafting the proposal, and managing the BGP submission — Raffles Corporate Services integrates grants advisory into our corporate services offering.

— The Editorial Team, Raffles Corporate Services