Productivity Solutions Grant (PSG)

About this programme

The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment.

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    Up to 50% of eligible costs for local SMEs
    Receive up to $30,000 and improve your business productivity.
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    Sector-specific and generic solutions
    Get support for sector-specific and generic solutions that are pre-approved by EnterpriseSG and other participating agencies.


Eligibility

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    Business entity is registered and operating in Singapore
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    Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
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    Company has a Group Annual Sales Turnover not exceeding S$100 million OR Group employment size not exceeding 200 employees
    Refer to this Annex for more information.
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    IT solutions or equipment that are purchased, leased, or subscribed to must be used in Singapore. 
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    Company does not fall under these categories
    Charities, Institutions of Public Characters (IPCs), Religious Entities, Voluntary Welfare Organisation (VWO), Government agencies and subsidiaries, and societies cannot apply for this grant.


How to apply

Identify relevant solutions that best suit your business needs and select a suitable vendor

Visit GoBusiness Gov Assist to access a full list of adoptable solutions and identify the relevant solutions for your needs.

Get direct quotations
  • IT solutions: Get a quotation from pre-approved vendor
  • Equipment: Source for an equipment and get a quotation from the vendor
  • Consultancy services: Get a quotation from pre-approved consultant

Submit application on Business Grants Portal (BGP)

You will need to sign in to your Corppass account to transact on the BGP portal. Sign up if you do not have a Corppass account yet, and refer to the following guides for any help needed:

You may refer to the PSG Application Checklist for the documents and information that you will need.

Third party companies are not allowed to apply or manage the grant on behalf of applicant companies.

Once you have applied, you should receive an update on your application about 6 weeks after submitting all required information.

  • Documents/information to prepare
    Contact details
    • Main contact person
    • Letter of Offer addressee (CEO or Managing Director as registered with ACRA, or other authorised individuals.)

    Proposal
    • Vendor name and details of equipment/ IT solution
    • Vendor’s quotation and other supporting licences or documents
    • Deployment location/ Tenancy agreement

    Cost
    • Details of project cost

    Business impact
    • Detailed description of overall impact
    • Details of productivity gains
  • Submitting your claim
    You can submit claims for reimbursement by submitting all claim documents on the Business Grants Portal. Please ensure that your solution:
    • is purchased or subscribed as approved in the application
    • has been used for 30 days
    • has been paid in full
  • Receiving your disbursements
    • Disbursements will only be made after claims approval.
    • You are encouraged to register for PayNow Corporate with your UEN +3 alphanumeric suffix (if applicable) through your respective banks in three simple steps:
      1. Contact your bank or log in to your bank’s internet banking or mobile banking app.
      2. Link your UEN to the bank account. You can add a 3-digit alpha-numeric suffix to your UEN to create multiple PayNow proxies.
      3. Enter your name to complete the setup.
    • Once your PayNow Corporate account is set up, submit your details via Business Grant Portal (BGP) claim form.
    • With PayNow Corporate, grant applicants can receive their grants faster, within 14 working days after approval of claims.
    • Alternatively, you can also receive disbursements via GIRO. For payments via GIRO, kindly submit your bank account details via FormSG here. Do note that disbursement via GIRO may take up to eight weeks after approval of claims.
    • In the event that no PayNow Corporate or GIRO has been set up, we are unable to disburse the claim.
Ready to apply?
If you are eligible for the Productivity Solutions Grant, submit your application on the Business Grants Portal (BGP) now.

Need additional help?

For assistance, kindly contact us at go.gov.sg/askenterprisesg.


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