Singapore is bolstering support for businesses looking to expand internationally with enhancements to existing government schemes and a streamlined grant application process slated for the second half of 2026. These initiatives come alongside the development of Woodlands Gateway, a 35-hectare district designed to serve as a key connection point to the Johor-Singapore Special Economic Zone (JS-SEZ).
New Support Measures
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong stated that an “aggressive push” for internationalisation will be a central focus of his ministry’s budget. This includes increased support for companies pursuing overseas ventures, particularly in developing and emerging markets.
Senior Minister of State for Trade and Industry Low Yen Ling announced a new business refresh package designed to help companies of all sizes capitalize on growth opportunities both domestically and abroad. A key component of this package is the enhancement of the Market Readiness Assistance Grant (MRA). From the second half of 2026, the MRA will be available for expansion into both new and existing markets, and will be extended to all local businesses – including non-SMEs – with support up to 50 per cent of eligible costs.
EDGE Grant to Streamline Support
The expanded MRA support will be delivered through a new grant called EDGE, which will consolidate the MRA, Productivity Solutions Grant, and Enterprise Development Grant into a single scheme. EDGE will provide all Singapore businesses with up to $100,000 annually for eligible activities, including digitalization, market expansion, and efficiency improvements. Businesses requiring more substantial funding can submit requests to Enterprise Singapore for case-by-case assessment.
Woodlands Gateway: A Northern Hub
JTC Corporation is developing Woodlands Gateway, which will be connected to both Woodlands North MRT station and the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link. The district is intended to attract manufacturers who locate production in Johor while maintaining regional headquarters functions in Singapore. The first phase of the project is expected to be completed around 2030.
Minister of State for Trade and Industry Gan Siow Huang highlighted the strategic importance of Woodlands Gateway, stating it will “cater to firms siting manufacturing in Johor with regional headquarters functions here.”
Mr. Victor Lye of Ang Mo Kio GRC suggested that the JS-SEZ could serve as a valuable starting point for companies looking to expand internationally, acting as an “extra lung” for SMEs. He as well proposed proactively marketing the JS-SEZ and compiling a directory of local suppliers.
Frequently Asked Questions
What is the purpose of Woodlands Gateway?
Woodlands Gateway is a 35-hectare mixed-use district being developed by JTC Corporation to serve as a northern gateway to the Johor-Singapore Special Economic Zone (JS-SEZ), connecting to both Woodlands North MRT station and the upcoming RTS Link.
What changes are being made to the Market Readiness Assistance Grant (MRA)?
From April 1, 2026, the support level for SMEs under the MRA will increase from 50 per cent to 70 per cent of eligible costs per company per new market, lasting until March 31, 2029. From the second half of 2026, the MRA will be available to all local businesses, including non-SMEs, with support up to 50 per cent of eligible costs.
What is the EDGE grant?
EDGE is a new grant that will streamline three existing business grants – the MRA, Productivity Solutions Grant and Enterprise Development Grant – into a single scheme, providing up to $100,000 per year for eligible activities.
As Singapore continues to navigate a dynamic global economy, how might these new initiatives shape the future of international business for local companies?
