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Singapore’s Productivity Solutions Grant

by opportunitydiary

Application Deadline: 31 March 2023

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).

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

You may refer to the PSG Application Checklist for some tips on how to prepare for your PSG application process.

Eligibility

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

  • Is a business entity registered and operating in Singapore;
  • Have a minimum of 30% local shareholding; AND
  • Company’s Group annual sales turnover should be not more than S$100 million, OR Company’s Group employment size should be no more than 200 employees
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore

Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme.

Application Procedure

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

Note: There are no compulsory application fees required for schemes offered by ESG. Any application fees quoted by individuals/ firms offering grant application services are not endorsed by the Government.

For assistance, kindly contact us at +65 6898 1800, reach out to us at go.gov.sg/helloesg or visit the SME centres.

Official Website: Singapore’s Productivity Solutions Grant

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