Productivity Solutions Grant (PSG)

Overview
 

Technology is not about fancy and expensive high-end solutions. You can kick-start your 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).

As announced at Supplementary Budget 2020, PSG will be enhanced to encourage enterprises to continue their digitalisation and productivity upgrading efforts. The maximum funding support level will be raised to 80% from 1 April 2020 to 30 September 2021.

Note: Do check your company’s grant cap on the Business Grants Portal (BGP). For grant cap ending 31 Mar 2021, please kindly submit your PSG application by 1 Feb 2021 to be qualified under this grant cap. Applications submitted after 1 Feb 2021 may tap on the grant cap for the next financial year.

The list of readily adoptable solutions can be found on GoBusiness Gov Assist. Applicants should consider their business needs to select the relevant and right-sized PSG support packages.

Eligibility
 

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
Apply
 

Here are the steps you can take when applying for PSG:

  1. Visit GoBusiness Gov Assist to access the list of supportable solutions and identify relevant solutions that best suit your business needs.
  2. For IT solutions: Get a quotation from the pre-approved vendor.
    For equipment: Source for the equipment and get a quotation from the vendor
  3. Submit an application on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

Click here for a step-by-step guide, covering:

  1. Application submission
  2. Acceptance of Letter of Offer
  3. Claim submission

For assistance, kindly contact us at +65 6898 1800, email us here or visit the SME centres.

FAQ
 

Click here for frequently asked questions on PSG.

If you’d like to become a pre-qualified vendor for PSG IT Solutions, click here to find out more.

For more information about Enterprise Singapore’s suite of assistance tools, visit here.