How to Stack Singapore Government Grants: Using EDG, PSG, MRA and SFEC Together (2026)

Singapore businesses have access to several flagship government grants — the Enterprise Development Grant (EDG), the Productivity Solutions Grant (PSG), the Market Readiness Assistance Grant (MRA), and the SkillsFuture Enterprise Credit (SFEC). Many business owners assume these grants are mutually exclusive, but that is not the case. With careful planning, you can draw on multiple schemes simultaneously, significantly reducing your out-of-pocket costs on qualifying projects.

This guide explains how grant stacking works, what the rules are, which combinations are permitted, and how the forthcoming EDGE consolidation affects your strategy.

What Does “Grant Stacking” Mean?

Grant stacking refers to applying for and receiving support from more than one government grant programme, either at the same time or sequentially, to fund different aspects of your business growth. The key principle is straightforward: the same dollar of cost cannot be subsidised twice. But different costs within the same project, or entirely separate projects, may each attract their own grant support.

Singapore’s Business Grants Portal (BGP) at www.businessgrants.gov.sg is the common application platform for EDG, PSG and MRA. SFEC is a separate credit mechanism administered by the Singapore Business Federation (SBF).

The Four Grants at a Glance

Enterprise Development Grant (EDG)

The EDG supports projects that help Singapore companies grow and transform. It covers three broad categories: core capabilities (business strategy, financial management, human capital development), innovation and productivity (process redesign, automation), and market access (overseas market development, standards adoption). The EDG provides funding support of up to 50% of qualifying costs for most companies and up to 70% for sustainability-related projects. Qualifying costs include third-party consultancy fees, software or equipment directly used for the project, and in some cases internal manpower. A typical EDG project runs six to eighteen months with a project cost of S$50,000 to S$500,000 or more.

Productivity Solutions Grant (PSG)

The PSG supports the adoption of pre-approved IT solutions, equipment and consultancy packages from pre-qualified vendors. It provides up to 50% co-funding, capped at S$30,000 per company per financial year. Because the PSG operates off a pre-approved solutions list, the application process is simpler — you upload a quotation from an approved vendor, and approval is typically faster than EDG. For more information on PSG-approved solutions, visit the Enterprise Singapore website.

Market Readiness Assistance Grant (MRA)

The MRA supports Singapore companies entering a new overseas market for the first time. It covers overseas market promotion, overseas business development, and overseas market set-up activities. From 1 April 2026, the co-funding rate has been enhanced to 70% for eligible activities, capped at S$100,000 per company per new overseas market. Each new market counts separately, so a company entering Malaysia and Vietnam for the first time would have two separate MRA caps.

SkillsFuture Enterprise Credit (SFEC)

SFEC is not a grant but a credit of up to S$10,000 per company, which can be used to offset 90% of the company’s out-of-pocket costs for supportable workforce transformation initiatives — including many activities that overlap with EDG and PSG. SFEC is administered by the Singapore Business Federation (SBF) and is available to eligible businesses that have made CPF contributions for at least three local employees. Critically, SFEC can stack on top of other grants, meaning it reduces the portion of costs that you would otherwise pay out of pocket after the primary grant.

How to Stack These Grants Legally

The Golden Rule: No Double-Claiming the Same Cost

The fundamental constraint is that each qualifying cost line item can only be supported by one grant. If you claim a S$20,000 vendor invoice under PSG, you cannot also submit that same invoice to EDG or use it as part of an SFEC claim. Enterprise Singapore’s BGP system tracks approved grants at the cost item level, and auditors will check supporting invoices during claims.

Combination 1: EDG + PSG (Most Common)

Running simultaneous EDG and PSG applications is perfectly permitted, provided the projects cover different activities. A typical example:

  • PSG project: Purchasing an accounting software solution from a pre-approved vendor for S$15,000 (PSG covers 50%, or S$7,500)
  • EDG project: Engaging a consultancy to redesign your supply chain processes at a cost of S$80,000 (EDG covers 50%, or S$40,000)

The PSG invoice and the EDG consultancy invoice are separate cost items, so there is no overlap. Both claims proceed independently. You would be drawing S$47,500 in total grant support.

Combination 2: EDG + MRA

This combination is popular for Singapore SMEs with an overseas expansion plan. EDG can support the internal strategy and capability-building work, while MRA funds the specific first-entry activities in a new market.

For example:

  • EDG project: Business strategy project to develop an internationalisation roadmap, cost S$60,000 (EDG covers S$30,000)
  • MRA project: Participating in an overseas trade exhibition in Japan and engaging a local market consultant there, cost S$40,000 (MRA covers S$28,000 at 70%)

Total grant support: S$58,000 out of S$100,000 spent.

The key is that the EDG project supports internal strategic work, while the MRA project supports the actual market-entry activities. They are complementary and non-overlapping.

Combination 3: Adding SFEC on Top

SFEC is the most powerful stacking tool because it applies to the company’s residual out-of-pocket costs. Consider this example:

  • PSG grant for an HR system: S$20,000 project cost, S$10,000 PSG grant (50%), S$10,000 out-of-pocket
  • SFEC credit applied to the S$10,000 out-of-pocket: SFEC covers 90%, or S$9,000

Your net cost for the HR system: S$1,000. Effective co-funding rate: 95%.

This is the most aggressive legal combination available to Singapore SMEs. To qualify, the PSG or EDG activity must be on SFEC’s list of supportable initiatives (which broadly aligns with workforce transformation activities — IT adoption, process redesign, etc.).

Combination 4: Startup SG Founder + EDG

Early-stage companies that received Startup SG Founder grants (S$50,000 co-investment for first-time entrepreneurs) can also apply for EDG once they reach the minimum operating period and revenue threshold. These are entirely separate schemes — one is a seed grant tied to equity co-investment, the other is a project-based grant. There is no prohibition on drawing both, provided the EDG project costs are distinct from costs already funded under Startup SG.

What You Cannot Stack

Certain combinations are explicitly prohibited or impractical:

  • Same invoice under two grants: As noted, the identical cost line cannot be claimed under both PSG and EDG, or EDG and MRA.
  • Two grants for the same project scope: If you have approved an EDG project for “digital marketing capability development”, you cannot also apply for an MRA grant for “digital marketing activities in a new market” using the same campaign spend. The activities and the invoices must be clearly separate.
  • Exceeding the funding cap: PSG has a S$30,000 per-year cap. Even if you have multiple PSG-eligible projects, you cannot exceed this aggregate cap in a financial year.
  • Ineligible companies: Companies with outstanding annual returns or IRAS tax arrears are generally ineligible for all ESG grants. You must be in good regulatory standing before applying.

Practical Tips for a Stacking Strategy

Start with a grant audit. Map all planned projects for the next twelve months — IT adoption, process improvement, overseas expansion, human capital development — and identify which grant each project would qualify under. This prevents you from applying piecemeal and missing eligible combinations.

Separate your invoices carefully. Ask your vendors to invoice each distinct deliverable separately where possible. Bundled invoices make it harder to isolate qualifying costs under each grant.

Check SFEC eligibility early. SFEC has an annual window, and credits can only be used once per company. Timing your PSG or EDG claim to align with your SFEC credit period maximises the combination.

Apply in sequence if needed. You do not have to apply for all grants simultaneously. EDG projects typically take several months to complete. PSG approvals are faster. Stagger your applications to avoid administrative overload.

Keep meticulous records. Enterprise Singapore auditors check invoices, timesheets, delivery documents and bank statements during grant claims. A well-organised file for each project — kept separate from other projects — makes the claims process significantly smoother.

What Changes With EDGE in H2 2026

Budget 2026 announced the consolidation of EDG, PSG and MRA into a single unified programme called EDGE, expected to launch in the second half of 2026. Under EDGE, all three grant streams will be accessible through a single application and a single set of rules. The existing schemes remain fully operational until EDGE launches.

The key implication for stacking: under EDGE, the same unified rules will govern all project types, making it clearer which activities can be funded in parallel under a single application umbrella. Enterprise Singapore has indicated that EDGE will extend eligibility to non-SMEs for certain activities, and that the simplified structure will reduce duplicative applications. For the latest updates, check the Enterprise Singapore website.

For more information on Singapore business news and regulatory updates affecting SMEs, Singapore business news and regulatory updates are a useful resource.

How Raffles Corporate Services Can Help

Navigating multiple grant applications simultaneously takes time and expertise. Raffles Corporate Services assists SMEs with grant strategy — identifying which grants apply to your planned projects, preparing application submissions, and managing the claims process to ensure compliant documentation.

If your business plans involve work pass or employment matters alongside your grant applications — for example, hiring a foreign specialist to support your EDG transformation project — assistance with Employment Pass applications is available through our associated licensed employment agency.

For your broader business planning and sound financial management, grant funding decisions should sit within a clear investment strategy for the year.

If you need legal advice on grant compliance obligations or post-grant audit matters, we can point you in the right direction.

To speak with the team at Raffles Corporate Services, you can email [email protected] or call, SMS, or WhatsApp +65 8501 7133. We are happy to assist with any queries.

— The Editorial Team, Raffles Corporate Services