Budget 2025: Enhancements to internationalisation and M&A schemes will help local enterprises compete on a global scale
Observers say the schemes that support these go hand in hand, whereby companies can pursue inorganic growth to expand overseas
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- Extensions to the enhanced grant cap for Market Readiness Assistance grant; Double Tax Deduction for Internationalisation scheme; Mergers & Acquisitions (M&A) scheme
- Maximum loan quantum under the Enterprise Financing Scheme (EFS) - Trade Loan raised to S$10 million; EFS - M&A Loan extended beyond equity acquisitions to support targeted asset acquisitions
- New S$150 million Enterprise Compute Initiative to help businesses leverage artificial intelligence
AMID trade disruptions and increasing global competition, enhancements to schemes related to internationalisation and mergers and acquisitions (M&As) will help enterprises scale up and remain globally competitive, say industry observers.
To help small and medium-sized enterprises (SMEs) expand into new markets, Finance Minister Lawrence Wong announced in his Budget speech on Tuesday (Feb 18) that the enhanced S$100,000 cap per new market under the Market Readiness Assistance (MRA) grant will be extended to Mar 31, 2026.
The grant helps companies defray the costs of overseas market promotion, business development and market set-up.
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