Productivity Solutions Grant (PSG)

Apply for Grant
Productivity Solutions Grant (PSG) - Grant

Overview

Technology is not about fancy and expensive high-end solutions. Company can kick-start their technology journey by taking simple steps to automate existing processes and improve productivity. The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.

For a start, PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.

These solutions have been pre-scoped by various government agencies such as Enterprise Singapore, National Environmental Agency (NEA) and Singapore Tourism Board (STB).

Benefits

  • Aims to better support businesses in the next phase of transformation, which may require more substantial investments and longer term commitments
  • Cost Savings
  • For Businesses that want simpler solutions for improving productivity
  • Funding for Innovation

Funding Support

As announced at Budget 2021, the enhanced maximum support level of up to 80% will be extended from 30 September 2021 to 31 March 2022.

Eligibility Criteria

SMEs can apply for PSG if they meet the following criteria:

  • Registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  • Have a minimum of 30% local shareholding; with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employees (for selected solutions only)

Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:

  • Have contributed at least S$750 Skills Development Levy over the qualifying period
  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
  • Have not been qualified for SFEC at any of the earlier periods

Agency: Enterprise Singapore – per link attached

https://govassist.gobusiness.gov.sg/productivity-solutions-grant/#supportable-solutions

Apply for Grant

Download Our Free Infographic

Other Grants You Might Be Interested In

Productivity-Max (P-Max)

Productivity-Max (P-Max)

Place-and -Train Programme that aims to help SMEs and support a one off grant of $5,000 and another $5,000 (for new worker above 50 years old).

Learn More
Productivity Solutions Grant (PSG)

Productivity Solutions Grant (PSG)

Up to 80% subsidy for pre-approved solutions to support companies keen on adopting IT solutions and equipment to enhance business processes.

Learn More
Enterprise Development Grant (EDG)

Enterprise Development Grant (EDG)

Up to 80% subsidy to help companies for strategic brand & marketing development, tapping on automation & technologies, R&D and overseas marketing presence.

Learn More
Market Readiness Awareness (MRA)

Market Readiness Awareness (MRA)

Small and medium enterprises (SMEs) will receive an international boost with the Market Readiness Assistance (MRA) grant of up to $100,000 to help take your business overseas.

Learn More

Let us know how we can help

Our team of professionals will reach out to you within 1 working day.
  • This field is for validation purposes and should be left unchanged.
Copyright © 2022 Arcana Advisory

Web Design By Web Imp