“We will convene a new workgroup led by Minister [for National Development] Chee Hong Tat, working closely with the industry, to develop strategies to position Singapore as a leading centre for growth capital,” said Wong on Feb 12. Chee is also the deputy chairman of the MAS.
The government will establish a Growth Capital Workgroup to support the financing needs of companies at various growth stages within Singapore and around the region, announced the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry on Feb 13.
The news comes after Prime Minister and Finance Minister Lawrence Wong announced, at Budget 2026, that the government will take a “more systemic approach” to strengthening the city-state’s growth capital ecosystem.
