What Kind of Government Grant Can a Professional Services Business Get in Singapore?
Singapore’s professional services sector spans a broad range of businesses, including legal, accounting, management consulting, engineering, marketing, and corporate services. These businesses play a vital role in enabling growth across all other industries. As the sector increasingly embraces digitalisation, automation, talent development, and regional expansion, the Singapore government offers multiple grant schemes to support professional services firms.
This article explores the key government grants that professional services businesses in Singapore can tap into to drive transformation, productivity, and internationalisation.
1. Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) is one of the most versatile grants available and is ideal for professional services firms.
Supports Projects In:
- Core Capabilities: Business strategy, HR transformation, branding
- Innovation and Productivity: Digital document workflows, automation of processes, AI integration
- Market Access: Overseas office setup, partner search, marketing
Funding Support: Up to 50% of qualifying costs for SMEs
Example: A corporate secretarial firm may apply for EDG to develop a workflow automation tool that handles regulatory filing and reporting.
2. Productivity Solutions Grant (PSG)
The PSG supports the adoption of pre-approved digital solutions relevant to professional services.
Examples of Solutions Covered:
- Accounting and finance software
- Client relationship management (CRM) systems
- Document management platforms
- Cybersecurity and HR tools
Funding Support: Up to 50% of approved costs
Example: A law firm can use PSG to implement practice management software that consolidates billing, time tracking, and client records.
3. SkillsFuture Enterprise Credit (SFEC)
The SFEC encourages firms to invest in employee upskilling and enterprise transformation.
Support Provided: Additional 90% funding on top of existing subsidies, capped at S$10,000
Use Cases:
- Staff training in AI and data analytics
- Courses in digital marketing or client service excellence
- Redesigning workflows for productivity
Example: An accounting firm may use SFEC to send their team for tax technology and cloud accounting courses.
4. Market Readiness Assistance (MRA) Grant
The MRA Grant supports SMEs entering new overseas markets.
Covers:
- Overseas marketing and PR
- In-market business development support
- International trade fair participation
Funding Support: Up to 50% of eligible costs, capped at S$100,000 per new market
Example: A management consulting firm expanding into Malaysia may use MRA for brand localisation and local networking events.
5. Advanced Digital Solutions (ADS)
The ADS programme supports the adoption of sophisticated digital tools that enhance enterprise-wide operations.
Applicable to:
- AI-based document review platforms
- Legal tech and regtech innovations
- Integrated finance and HR systems
Funding Support: Up to 80% of eligible project costs
Example: A legal consultancy may implement an AI solution that helps generate standard legal contracts based on client input.
6. Jobs Growth Incentive (JGI)
The JGI supports hiring of local employees, particularly in growth sectors like professional services.
Eligibility: Incremental hires in local headcount compared to baseline
Support: Wage subsidies of up to 6–12 months, depending on the worker profile
Example: A consultancy hiring local data analysts or HR advisors to expand services may qualify for salary support under JGI.
7. Legal Technology Platform Initiative (LTPI)
Specifically for legal practices, the LTPI is driven by the Ministry of Law and aims to promote technology adoption.
Supports Adoption Of:
- Cloud-based practice management platforms
- Digital case filing and e-discovery tools
Example: A small law firm can get support to adopt a secure cloud system for document collaboration with clients and courts.
8. Energy Efficiency Grant (EEG)
For firms looking to reduce their carbon footprint, the EEG supports adoption of energy-efficient equipment.
Covers:
- Air-conditioning systems
- LED lighting
- Energy-efficient office equipment
Funding Support: Up to 70% of eligible costs
Example: A consultancy firm renovating its office may receive support to install energy-saving appliances and lighting.
9. GoBusiness Support for Professional Services
Through the GoBusiness platform, professional services firms can access tools and funding opportunities tailored to their needs.
Benefits:
- Digital advisory tools
- Access to grants, licensing help
- Customised transformation roadmap
Example: An engineering consultancy exploring Industry 4.0 solutions may use GoBusiness to identify PSG tools or EDG projects aligned with its digital roadmap.
Final Thoughts: Elevating Professional Services with Government Support
As client expectations shift and competition rises, professional services firms must embrace digitalisation, upskilling, and internationalisation. Singapore’s grant ecosystem provides the tools to do just that—from strategic transformation and automation to talent development and green initiatives.
Firms that align grant applications with clear business goals and strong execution plans stand to gain the most from government support.
Need Help Securing Professional Services Grants? Consult with GrantConsultant.sg
At GrantConsultant.sg, we assist professional services firms in navigating and applying for the right government grants. Whether you’re integrating digital platforms, upskilling your team, or expanding abroad, our consultants provide end-to-end support.
Contact us today to explore how your professional services business can grow with strategic grant funding.