EDGE Grant Singapore 2026: A Complete Guide to EDG, PSG, MRA and Xero PSG Support
Singapore’s business grant ecosystem is evolving with the introduction of the new EDGE Grant Programme, which will consolidate three of the country’s most widely used business grants: the Enterprise Development Grant (EDG), Productivity Solutions Grant (PSG), and Market Readiness Assistance (MRA) Grant. The new framework aims to simplify grant applications and make government support more accessible for businesses seeking growth, digitalisation, and international expansion.
For SMEs planning digital transformation projects, overseas expansion, or operational improvements, understanding how EDGE, EDG, PSG, and MRA work together is essential for maximising available funding support.
What is the EDGE Grant Programme?
The EDGE Grant Programme is a new unified business grant initiative announced under Singapore Budget 2026. It combines the benefits of EDG, PSG, and MRA into a streamlined framework that reduces complexity and improves accessibility for companies seeking government funding support. The programme is expected to launch in the second half of 2026, while the existing grants remain available during the transition period.
The key objectives of EDGE include:
- Simplifying the grant application process
- Supporting business transformation and innovation
- Encouraging digital adoption and productivity improvements
- Facilitating overseas market expansion
- Expanding support to a wider range of businesses
Understanding the Current Grant Schemes
Before the full rollout of EDGE, businesses can continue leveraging the existing grant programmes.
Enterprise Development Grant (EDG)
The Enterprise Development Grant supports companies undertaking strategic projects aimed at improving business capabilities, innovation, productivity, and market expansion. Funding support can cover consultancy fees, software implementation, process redesign, and capability-building initiatives. Qualifying projects may receive support for a significant portion of eligible costs.
EDG is commonly used for:
- Business transformation projects
- Process automation initiatives
- Branding and marketing strategy development
- Business model innovation
- Sustainability and capability enhancement projects
Productivity Solutions Grant (PSG)
The Productivity Solutions Grant helps SMEs adopt pre-approved digital solutions and equipment that improve operational efficiency. PSG remains one of the most popular grants among Singapore businesses due to its straightforward application process and extensive catalogue of approved solutions.
Popular PSG-supported solutions include:
- Accounting software
- Customer relationship management (CRM) systems
- Human resource management platforms
- E-commerce solutions
- AI chatbot
Market Readiness Assistance (MRA)
The Market Readiness Assistance Grant supports Singapore companies expanding into overseas markets. The grant assists with activities such as market entry, overseas marketing, business matching, and international business development. Recent enhancements have increased support levels for SMEs and expanded eligibility criteria.
MRA can be used for:
- Overseas market research
- International digital marketing campaigns
- Trade exhibitions and business missions
- Overseas business development activities
- Market entry consultancy services
Xero PSG Grant Support for Singapore SMEs
One of the most sought-after PSG-supported solutions is Xero accounting software. As businesses increasingly digitise their finance functions, Xero has become a preferred cloud accounting platform for SMEs looking to improve bookkeeping accuracy, automate financial processes, and gain real-time visibility into business performance.
Why Businesses Choose Xero Under PSG
Xero offers a comprehensive cloud accounting solution that enables businesses to:
- Automate bookkeeping and bank reconciliation
- Generate financial reports instantly
- Manage invoicing and payments efficiently
- Track cash flow in real time
- Collaborate seamlessly with accountants and finance teams
- Access financial information securely from anywhere
By leveraging PSG funding, eligible businesses can significantly reduce the cost of implementing Xero while accelerating their digital transformation journey.
Benefits of Xero PSG Implementation
Businesses adopting Xero through PSG support can enjoy:
- Reduced manual accounting work
- Improved compliance and record keeping
- Better financial visibility
- Faster month-end closing processes
- Enhanced productivity across finance operations
Why Work with WLP?
When applying for PSG-supported accounting solutions such as Xero, selecting an experienced implementation partner is crucial.
WLP provides professional accounting, bookkeeping, corporate secretarial, tax, and business advisory services for Singapore companies. The firm helps businesses streamline financial operations while ensuring compliance with Singapore regulatory requirements.
How WLP Can Help
WLP supports businesses through:
- Xero implementation and setup
- PSG grant consultation and guidance
- Cloud accounting migration
- Bookkeeping and financial reporting
- Corporate tax compliance
- Business advisory services
Our team works closely with SMEs to ensure a smooth transition to cloud accounting systems while helping businesses maximise available government support schemes.
Preparing for the EDGE Grant Era
Although the EDGE programme will eventually replace EDG, PSG, and MRA, businesses should not delay transformation projects that are already planned. Current grant schemes remain available and continue to offer valuable funding support opportunities.
Businesses should consider:
- Reviewing upcoming digital transformation initiatives.
- Identifying productivity improvement opportunities.
- Evaluating overseas expansion plans.
- Assessing cloud accounting and finance automation needs.
- Exploring PSG-supported solutions such as Xero.
- Consulting experienced advisors to optimise grant applications.
Conclusion
The introduction of the EDGE Grant Programme marks a significant step towards simplifying business support in Singapore. By consolidating EDG, PSG, and MRA into a single framework, businesses will benefit from a more streamlined approach to securing funding for growth, productivity, digitalisation, and internationalisation.
For companies looking to improve financial management and operational efficiency, adopting a PSG-supported solution like Xero can provide immediate benefits. Working with experienced professionals such as WLP can help ensure successful implementation, compliance, and long-term business growth while maximising available grant opportunities.