PSG GRANT
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PSG

Productivity Solutions Grant Frequently Ask Questions

What is PSG ?

The Productivity Solutions Grant (PSG) is a new government initiative to assist businesses in their transformation journey. An initial S$110 million will be set aside over the next three years (until 2020) for PSG to support selected productivity solutions in line with the Industry Transformation maps (ITMs).
PSG will cover sector-specific solutions in retail, food, logistics, precision engineering, wholesale and landscaping industries, as well as broad-based solutions that cut across industries, such as in areas of human resource management systems, among others.
As businesses transit into the next phase of transformation, more substantial investments and longer-term commitments may be required. Thus, PSG will support in the following manner:
Funding of up to 80% of the cost. Pre-scoping of IT solutions and equipment with pre-qualified vendors (for IT solutions). Simplified grant processes.

ARE YOU ELIGIBLE ?

Businesses who meet the following criteria can apply for PSG: Registered and operating in Singapore

  • Purchase/subscription of IT solutions or equipment must be used in Singapore.
  • Have a minimum of 30% local shareholding (for selected solutions only)

HOW TO APPLY ?

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

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 Grant Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

FAQ

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