Singapore to launch new grant for companies, expand support for workers amid US tariff uncertainties

SMEs will receive a higher level of support, while larger companies will be eligible for a smaller quantum. - ST

SINGAPORE: Singapore companies will be able to tap a new grant to help them adjust to the new tariff environment, announced the Singapore Economic Resilience Taskforce (SERT).

The Business Adaptation Grant, to be launched by October 2025, will be capped at S$100,000 per company and requires co-funding by firms, Minister of Manpower Tan See Leng said as the taskforce provided an update of its work so far on Thursday (July 10).