Singapore Launches Grant to Shield Businesses from Trade Disruptions

  • Singapore introduces a Business Adaptation Grant offering up to S\$100,000 per applicant to counter global trade pressures.
  • The grant targets export-driven and manufacturing firms to help adapt to tariffs and supply chain disruptions.
  • SMEs receive higher co-funding support and access to workforce upskilling programs.
  • Administered by Enterprise Singapore, the scheme focuses on market diversification and operational realignment.
  • The initiative aims to boost long-term trade resilience and preempt economic shocks.