Productivity Solutions Grant (PSG) 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). 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. You may refer to the PSG Starter Package for some tips on how to prepare for your PSG application process.
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. 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
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. Click here to start applying.