: Business Adaptation Grant available from 7 Oct for tariff-impacted local enterprises to adapt operations and supply chains
MR No.: 038/25
Enterprise Singapore (EnterpriseSG) has launched the new Business Adaptation Grant (BizAdapt) today to help businesses navigate the new tariff environment. The grant provides additional1 support for companies impacted by recent tariff measures to adapt their external-oriented operations and strengthen supply chain resilience. This update was shared by Deputy Prime Minister Gan Kim Yong, who is also the Chairman of Singapore Economic Resilience Taskforce (SERT), at the sidelines of a visit to Singapore company, Forefront Medical Technology.
BizAdapt will support up to 50% of eligible costs for local small and medium enterprises (SMEs) and up to 30% for local non-SMEs. Capped at $100,000 per company, the grant will be available for a two-year period until 6 October 2027, to help Singapore businesses navigate the new tariff environment.
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