Written reply to PQ on Rationale for Business Adaptation Grant Cap and Duration and Assessment of Scheme's Impact and Success

Question:

Mr Ng Shi Xuan: To ask the Deputy Prime Minister and Minister for Trade and Industry in respect of the Business Adaptation Grant (a) how were the cap of $100,000 per company and the two-year period ending 6 October 2027 respectively derived; and (b) how does Ministry intend to assess the success and impact of the scheme.

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong:

1.       The Business Adaptation Grant (BizAdapt) was launched on 7 October 2025 to help businesses adapt to the new tariff environment. The grant cap of $100,000 per company was derived based on internal assessments and industry feedback on the third-party advisory services that businesses would need to reconfigure their supply chains. It was designed as a time-limited grant of two years to give businesses sufficient time to tap on the grant, whilst keeping to the intent of helping businesses address near-term challenges and adapt quickly to the new tariff environment.

2.       We will survey businesses on whether BizAdapt has helped them in evaluating the impact of tariffs and reviewing their supply chains, to assess if the grant has been useful in supporting these business needs, and are prepared to do more if necessary.