Internationalisation Finance Scheme for Non-Recourse (IFS-NR)

Mid-sized companies to access up to S$50 million in project financing for local and overseas development projects with Internationalisation Finance Scheme for Non-Recourse (IFS-NR).

Enterprise Singapore co-shares default risks with Participating Financial Institutions (PFIs) to look beyond the borrowers’ balance sheet and instead rely on project income streams when extending project finance loans.


Singapore based companies with main business functions in Singapore and annual sales revenue (including subsidiaries) of less than S$500 million (for trading companies) and less than S$300m (for non-trading companies) may apply for IFS-NR.

In addition, the qualifying Singapore entity must have at least 30% equity share in the Special Purpose Vehicle and the overseas business must complement the Singapore company’s core operations and result in clear economic spin-offs to Singapore.

To find out more

Call us at 6898 1800 or email us here.