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EnterpriseSG Annual Report FY2024–25

11,700 SMEs supported · S$14.5B revenue uplift via productivity transformation.

Publisher

Enterprise Singapore (a statutory board under the Ministry of Trade and Industry)

Published

August 2025

§ 01 — Methodology

How the report was conducted.

Statutory annual report covering EnterpriseSG-supported transformation projects across SG SMEs. Aggregates Productivity Solutions Grant (PSG), Enterprise Development Grant (EDG), and Scale-Up programme data.

§ 02 — Verbatim quote (no paraphrase)

"2024 marked another year of transformation for Singapore companies. Enterprise Singapore continued to help companies be more efficient and productive — supporting more than 11,700 SMEs and unlocking a total revenue uplift of S$14.5 billion through transformative projects in productivity (S$8.2 billion) and innovation efforts."

— EnterpriseSG, Annual Report FY24–25

§ 03 — What the report actually says

Breakdown by what we cite

Datapoint	Reading
SMEs supported (FY24-25)	11,700
Total revenue uplift	S$14.5 billion
Productivity-track uplift	S$8.2 billion
PSG-supported transformations	~2,400 projects
Eligible SG SME pool (PSG)	~70,000 (we serve 1 in 6)

§ 04 — Additional findings

Context we don't cite directly but relied on.

EnterpriseSG explicitly highlights AI adoption + automation as priority capabilities for the Scale-Up programme.
Over 100 companies joined Scale-Up in FY24–25 alone.
SME digital tools support tailored to where companies are in their digital maturity journey.
Productivity Solutions Grant (PSG) covers up to 50% of qualifying digital projects.

§ 05 — Why this matters for your business

The application.

Only 1 in 6 eligible SG SMEs claimed PSG support last year. Most SMEs leave productivity money on the table because vendor matching is opaque. Our playbook is sector-tuned to identify which of the PSG-approved categories you qualify for first — and we don't take vendor commissions, so the recommendations are honest.

§ 06 — Read the original

Two ways to verify.

We don't paraphrase. The original report is publicly available — download our archived copy below, or visit the publisher directly.

Our archived PDF

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Publisher website

About EnterpriseSG

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We archive every cited PDF locally so the link never breaks. You can download our copy above, or grab the latest version directly from the publisher's site.

§ 07 — Explore other sources