A new business grant is now available for SMEs in Singapore affected by U.S. tariffs

Local small and medium-sized enterprises (SMEs) affected by new U.S. tariffs can now apply for a government grant of up to S$100,000 to offset costs caused by supply chain disruptions.

The Business Adaptation Grant (BizAdapt), launched on October 7 by Enterprise Singapore (EnterpriseSG), supports businesses adjusting to tariff pressures. SMEs can claim up to 50% of their eligible costs, while larger firms can claim up to 30%, with a cap of S$100,000 per company. The grant is available until October 6, 2027, with a possible extension.

Deputy Prime Minister Gan Kim Yong announced that BizAdapt aims to help companies reconfigure operations and strengthen supply chain resilience. “This grant is specific, targeted at the impact of tariffs,” he said.

The program covers advisory services, including trade compliance, legal guidance and supply chain diversification, and reconfiguration costs such as freight, customs and warehouse rentals.

The grant follows the U.S. move to impose “reciprocal” tariffs on over 90 countries in August under President Donald Trump. Planned 100% duties on pharmaceuticals, which account for 13% of Singapore’s exports to the U.S., have been deferred.

Companies must be registered in Singapore with at least 30% local ownership and demonstrate a direct or indirect impact from tariffs. Applications are available through the Business Grants Portal.

Gan noted that the government will “watch closely” how the tariff situation develops. “Whether this transactional period will need to be extended is something that we will watch,” he said. “If need be, we will extend it to make sure our companies and workers will always receive the necessary support for them.”

EnterpriseSG’s implementation partner, the Singapore Business Federation’s Centre for the Future of Trade and Investment (CFOTI), will assist firms through pre-application consultations and eligibility checks.