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Business Adaptation Grant Opens for Applications: Up to S$100,000 Funding to Help Firms Cope with Tariff Challenges
Published Time：
2025-10-08 11:15
Source：
Singapore, October 8, 2025 — To help businesses affected by recent tariff measures strengthen their adaptability and supply chain resilience, the government has launched the Business Adaptation Grant, which officially opened for applications on October 7. Eligible companies can receive up to S$100,000 in funding support to adjust their business operations and enhance efficiency.
Deputy Prime Minister and Minister for Trade and Industry Mr. Gan Kim Yong announced the initiative during his visit to local precision medical engineering firm Forefront Medical Technology on Tuesday (October 7). He noted that the grant aims to assist companies in managing both the direct and indirect impact of tariffs, while also providing opportunities to capture emerging global market opportunities.
“The Business Adaptation Grant will help alleviate the pressures arising from tariff changes and enable companies to reposition themselves within global supply chains,” said Mr. Gan. “The government will continue to assess whether the scheme should be extended or complemented by other initiatives to better support enterprises in an evolving business environment.”
According to Enterprise Singapore, local small and medium-sized enterprises (SMEs) may receive up to 50% funding support for eligible expenses, while non-SMEs can receive up to 30%. The programme will run for two years, ending on October 6, 2027.
The grant covers professional consultancy services related to free trade agreements, trade compliance, legal contracts, and supply chain optimisation, as well as restructuring costs involving logistics and inventory management. Applicants must demonstrate that they have overseas operations or export activities affected by tariffs. All professional services must be provided by approved partners to ensure quality and streamline the application process.
Mr. Lee Khian Hui, Vice-Chairman of the Singapore Business Federation (SBF), said the funding will help companies diversify market risks, particularly in today’s volatile and uncertain trade environment. “Every dollar counts in times like these,” he noted.
Companies such as Forefront Medical Technology and listed furniture manufacturer Koda Ltd have expressed interest in applying for the grant to support supply chain adjustments, trade compliance, and tax consultancy work. Mr. Walter Tarca, President of Forefront Medical, said the grant would help offset supply chain relocation and compliance costs, allowing firms to respond more flexibly to global market changes.
As global trade dynamics continue to shift, companies are facing greater demands in tariff management, tax planning, and cross-border compliance. Headquartered in Singapore, Fortune Zhilin Group (FOZL) is dedicated to providing integrated corporate advisory services, including company incorporation, accounting and audit, tax and compliance advisory, human resources management, and corporate restructuring.
FOZL stated that it will continue to support enterprises in navigating complex international trade and tax environments by offering tailored financial and compliance solutions that help businesses strengthen resilience, reduce operational risks, and achieve sustainable growth in an increasingly uncertain world.
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