Businesses hit by US tariffs can now apply for grant

It will help them engage advisory services and reconfigure their supply chains

- Annabelle Liang Correspondent

Local businesses that have been hit by US tariffs can now apply for a grant to help them engage third-party advisory services and reconfigure their supply chains.

The Business Adaptation Grant (BizAdapt) allows small and medium-sized enterprises (SMEs) to claim up to 50 per cent of eligible costs, while larger companies can claim up to 30 per cent, with a cap of $100,000 per company.

The grant from Enterprise Singapore is open for application on the Business Grants Portal for a two-year period ending Oct 6, 2027.

The measure was first announced by the Singapore Economic Resilience Taskforce (SERT), which was formed earlier in 2025 in the face of US President Donald Trump's global tariffs that have added to the economic impact of geopolitical tensions and technological disruptions.

The US placed "reciprocal" levies on more than 90 countries in August. It was due to impose tariffs on the pharmaceuticals sector on Oct 1, but those have since been delayed.

Mr Mark Lee, vice-chairman of the Singapore Business Federation, said many companies have started to take steps to diversify their supply chains in terms of suppliers, manufacturing sites and consumer markets.

"The grant allows you to diversify your risk. Every dollar counts in today's environment, which is volatile and certainly very uncertain," he said.

Deputy Prime Minister Gan Kim Yong, the chairman of SERT, said the grant will help businesses that are directly impacted by tariffs because they export to the US.