Budget 2025

Learn what it means for your business.

Powering your business growth

Budget 2025 focuses on empowering Singapore businesses to pursue diverse avenues of growth in an increasingly competitive global landscape.

With initiatives to foster innovation, enhance business competitiveness, and strengthen the enterprise ecosystem, this year’s Budget ensures businesses not only thrive in the present but are also well-positioned for long-term success.

From diversifying your business to driving productivity through technology, get support for where you’re growing.

  • Scaling up
    • Private Credit Growth Fund [New]

      Non-dilutive customised financing, coupled with specialist advisory services, to meet the diverse needs of promising local enterprises.

      More details will be announced by 3Q 2025.

    • Long Term Investment Fund [New]

      Highly patient capital to help growth enterprises pursue long-term growth opportunities.

      More details will be announced by 2H 2025.

    • Enterprise Financing Scheme – Merger & Acquisition [Enhanced]

      To help enterprises scale and enhance their competitive advantage, the scope of this scheme will be expanded to cover targeted asset acquisitions from 1 April 2025 to 31 March 2030. 

      Find out more here.

    • Enterprise Financing Scheme – Trade Loan [Enhanced]

      The maximum loan quantum will be permanently enhanced to S$10 million per borrower.

      Find out more here.

  • Going global
    • Global Innovation Alliance [Enhanced]

      New modes to accelerate market penetration and funding support for projects will be introduced to support startups in connecting to partners and commercialisation opportunities through different pathways.

      These include:

      • GIA Discovery for the early stages of market exploration
      • GIA+ to support startups that qualify for global acceleration programmes identified by EnterpriseSG
      • GIA Proof-of-Concept grant support for overseas test-bedding and pilot projects with corporates


      Find out more here.

    • Market Readiness Assistance [Enhanced]

      The enhanced grant cap of S$100,000 will be further extended till 31 March 2026, to support more companies expanding overseas.

      Find out more here.

    • Double Tax Deduction for Internationalisation [Enhanced]

      The scheme will be extended for another five years until 31 December 2030.

      Find out more here.

  • Building capabilities
    • Enterprise Compute Initiative [New]

      Digitally mature enterprises will be partnered with major cloud service providers to access cutting-edge AI tools, computing power, and consultancy services to better harness AI to support their transformation goals.

      More details will be shared.

  • Injecting vibrancy into heartlands
    • Vibrant Heartlands Programme for Merchants’ Associations [New]

      To encourage more merchants’ associations to lead and organise activities in heartland estates, this programme will support eligible costs for a variety of activities that MAs can choose based on their needs.

      Find out more here.

    • Visual Merchandising Programme [Enhanced]

      Heartland shops will receive stronger support to revamp shopfronts. Enhancements include higher qualifying costs of up to S$60,000, introduction of project customisation, and more training topics on digital and visual merchandising strategies.

      See other initiatives for heartland businesses here.

  • Strengthening the enterprise ecosystem
    • SME Pro-Enterprise Office [New]

      Launching on 26 March 2025, this will be the Government’s key coordination unit to help businesses with feedback on regulations that span multiple public agencies or relate to new or emerging sectors.

      Find out more here.

    • SME Centres Remake [New]

      EnterpriseSG will support the ten SME Centres to provide more programmes and advisory services to address a wider range of business needs.

      Connect with the Centres here.

Additional resources

Budget 2025