Grant of up to $100k for businesses to cope with US tariffs available from Oct 7
A two-year government grant of up to $100,000 will be available to local businesses that export or operate in overseas markets, amid concerns over the impact of the recent trade tariffs announced by US President Donald Trump.The Business Adaptation Grant (BizAdapt) will support up to 50 per cent of eligible costs for small and medium enterprises (SMEs), and up to 30 per cent for non-SMEs, Enterprise Singapore said in a factsheet on Tuesday (Oct 7).The grant will be available from Oct 7 until Oct 6, 2027, and will cover two categories of businesses.The first group includes companies that export to or operate in overseas markets and are affected by the tariffs, and the second group includes businesses with manufacturing facilities locally or overseas that support to reconfigure their operations. For the first group, the grant will help them conduct free trade agreements, trade compliance assessments, legal and contractual advisory and supply chain optimisation and market diversification advisory.