Productivity Solutions Grant
Overview
The Productivity Solutions Grant (PSG) aids companies in enhancing productivity through IT solutions and equipment adoption. PSG offers sector-specific solutions for industries like retail, food, logistics, engineering, construction, and landscaping. Additionally, it supports cross-industry solutions such as customer management and data analytics. Applicants should be mindful of their grant cap and deadlines, checking on the Business Grants Portal. The list of solutions is available on GoBusiness Gov Assist, allowing businesses to select packages tailored to their needs.
Eligibility
Small and Medium Enterprises (SMEs) are eligible to apply for the Productivity Solutions Grant (PSG) if they meet the following criteria:
- Registered and operational in Singapore.
- The purchased, leased, or subscribed IT solutions or equipment must be utilized within Singapore.
- Possess a minimum of 30% local shareholding, with either:
- Annual sales turnover of the company’s group being less than S$100 million, OR
- Less than 200 employees.
Additionally, eligible employers meeting the following criteria may qualify for supplementary subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
- Contributed at least S$750 to the Skills Development Levy over the qualifying period.
- Employed a minimum of three Singapore Citizens (SCs) or Permanent Residents (PRs) every month during the same period.
- Not previously qualified for SFEC in earlier periods.
Apply
Here are the steps you can take when applying for PSG: Visit GoBusiness Gov Assist to access the list of supportable solutions and identify relevant solutions that best suit your business needs. For IT solutions: Get a quotation from the pre-approved vendor. For equipment: Source for the equipment and get a quotation from the vendor Submit an application on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.
