Budget 2026: Gov’t to boost grants for firms expanding abroad

SMEs can claim up to 70% support for their internationalisation initiatives.

The government is enhancing support levels for grant schemes for companies expanding abroad, according to Prime Minister Lawrence Wong.

Under the changes, small and medium-sized enterprises (SMEs) can receive up to 70% support for internationalisation initiatives, whilst non-SMEs can receive up to 50%, Wong said in his Budget 2026 speech.

The ‘Double Tax Deduction for Internationalisation’ scheme will allow qualifying activities to receive automatic 200% tax deductions, with the cap raised from $150,000 to $400,000.

The government will also enhance the 'Enterprise Financing Scheme' by increasing the maximum loan quantum for trade and fixed asset loans, Wong added.

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SG Budget 2026

Singapore Budget

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