Trade Grants & Incentives

Inspiring business with government-backed trade grants & incentives for future ready.

Find out the various government funding programs are helping enterprises to improve efficiencies, strengthen capabilities & seize every aspect of opportunities .

Automation Supports Package
Capabilities Development Grant
Innovation & Capabilities Voucher
Market Readiness Assistance Grant
Global Company Partnership Grant
Workpro Grant
Double Tax Deduction For Global Fair
Double Tax Deduction Globalization
Productivity & Innovation Credit
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Spring Singapore

Get grants support up to 70% of qualifying cost for product for design, branding and etc

Get funding on upgrading initiatives to improve productivity, innovation and product development.

At the glance of Spring's ASP,Automation Support Package

Companies can tap on a package of grant, tax and loan incentives to defray the cost of large-scale deployment of automation solutions across existing operations.

The deployment of automation solutions should result in a leaner manpower format and significant productivity improvement through:

  • Mechanisation of manual operational processes,

  • Redesign of existing workflows and processes, and/or

  • Adoption of technology that is above the industry norm.

The ASP does not support the following activities:

  • Replacement/upgrade of equipment that does not result in the above outcomes

  • Equipment purchase for setting up of new operations, such as production lines or outlets

Overview of ASP components 

Capabilities Development Grant + Investment Allowances + Enhanced SME Equipment Loan

Capability Development Grant

Local companies can apply for the grant to defray the costs of implementing automation solutions.

Pilot automation projects

The CDG defrays up to 70% of qualifying project costs (e.g. consultancy, training, certification and equipment costs) for first-time implementation of automation solutions. This includes mobile ordering applications, self-ordering/payment kiosks and robotic arms for production lines.

Full-scale automation projects

Support large-scale deployment of automation solutions. Under the ASP, companies that wish to roll-out automation solutions across existing operations may now apply for additional funding support of up to 50 percent of qualifying project costs. A grant support of up to $1 million may be awarded for each qualifying project. 

Investment Allowance

Local companies may receive a 100% Investment Allowance (IA) for automation equipment under the Automation Support Package (ASP). 

In general, a company that incurs capital expenditure on plant or machinery is entitled to claim capital allowances on such expenditure. IA provides companies an additional allowance that can be used to offset taxable income. 

Enhanced SME Equipment Loan

Local companies may apply for loans of up to S$15 million for automation equipment under the Automation Support Package. 

This program is administered by SPRING will assess the application based on its project scope. All applications are subject to SPRING’s approval.

At the glance of Spring's CDG,Capability Development Grant

The Capability Development Grant (CDG) aims to support SMEs to scale up business capabilities and ensure business sustainability . You can take on projects in areas like product development, human capital development, business processes enhancements for productivity and business model transformation. The grant defrays up to 70 percent* of qualifying project costs such as consultancy, training, certification and equipment costs.

The application requirements for smaller scale projects, for grant support of S$30,000 or less has also been simplified. You can look forward to more streamlined application forms and documentation requirements. 

Overview of CDG in 10 upscaling areas 

Branding & Marketing | Business Excellence | Business Model Transformation | Standards Adoption Financial Management | Human Capital Development | Intellectual Property | Enhancing Business Processes | Service Excellence | Product Development

Overview of IE Singapore's Grants 

Capabilities Development Grant + Investment Allowances + Enhanced SME Equipment Loan

Capability Development Grant

Local companies can apply for the grant to defray the costs of implementing automation solutions.

Pilot automation projects

The CDG defrays up to 70% of qualifying project costs (e.g. consultancy, training, certification and equipment costs) for first-time implementation of automation solutions. This includes mobile ordering applications, self-ordering/payment kiosks and robotic arms for production lines.

Full-scale automation projects

Support large-scale deployment of automation solutions. Under the ASP, companies that wish to roll-out automation solutions across existing operations may now apply for additional funding support of up to 50 percent of qualifying project costs. A grant support of up to $1 million may be awarded for each qualifying project. 

Investment Allowance

Local companies may receive a 100% Investment Allowance (IA) for automation equipment under the Automation Support Package (ASP). 

In general, a company that incurs capital expenditure on plant or machinery is entitled to claim capital allowances on such expenditure. IA provides companies an additional allowance that can be used to offset taxable income. 

Enhanced SME Equipment Loan

Local companies may apply for loans of up to S$15 million for automation equipment under the Automation Support Package. 

At the glance of IE Singapore's grants,

 

Market Readiness Assistance (MRA) Grant ,Global Company Partnership (GCP), Grant Double Tax Deduction for Internationalization ,Talent Initiatives

Companies can tap on a package of grant, tax and loan incentives to defray the cost of large-scale deployment of automation solutions across existing operations.

The deployment of automation solutions should result in a leaner manpower format and significant productivity improvement through:

  • Mechanisation of manual operational processes,

  • Redesign of existing workflows and processes, and/or

  • Adoption of technology that is above the industry norm.

 

The ASP does not support the following activities:

  • Replacement/upgrade of equipment that does not result in the above outcomes

  • Equipment purchase for setting up of new operations, such as production lines or outlets

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