Launched in 2018, the Productivity Solutions Grant (PSG) has since helped businesses improve their delivery of products and services through digitalisation and upgrading efforts. The maximum support level of 80% can be enjoyed effective 30 September 2021 to 31 March 2022 as recently announced.
 
This grant supports eligible businesses interested in adopting IT solutions and equipment as well as consultancy services to improve and enhance company businesses productivity.
 
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.

Grant Summary

Grant Eligibility

Be registered and operating in Singapore     ​   Ideal to have at least one year of operating history with HQ in Singapore
Have a minimum of 30% local shareholding     Held directly or indirectly by SG citizens or PRs, by ultimate individual ownership
Be a Small-Medium Enterprise                            Group annual sales < SG$100 mil, OR group employment size < 200
Applies to eligible solutions only                            Solution should pre-approved on the list here
Have not paid or signed contract with vendor  As restrospective funding is not allowed 

Supportable
​Costs

Costs of Purchasing Approved Solutions

PSG supports the costs of procuring the pre-approved IT solutions, equipment solutions, and consultancy services listed here.

IT Software
Some examples of pre-approved IT solutions include: Advanced Manufacturing, Legal, Healthcare, Legal, Logistics, Retail, Security among others.

Equipment
Some examples of pre-approved Equipment solutions include equipment for: Engineering Services, Food Manufacturing, Food Services, Logistics, Marine & Offshore, Wholesale trade and many more. 

Consultancy
Currently the pre-approved consultancy services relates to Job Redesign Consultancy offered by the following providers: CET Global Pte. Ltd., EON Consulting & Training Pte. Ltd., Mercer (Singapore) Pte. Ltd., Deloitte Consulting Pte. Ltd., Aon Solutions Singapore Pte. Ltd., & Ernst & Young Advisory Pte. Ltd. For further details, please visit this page.

Support Level

80% of Qualifying Cost for pre-approved solutions      This enhanced support level will apply until 31 March 2022
Different caps apply on different solutions                    Refer to pre-scoped solutions for details 

Important Things To Note

Grant Disbursement Process

Overall cap of Grant
  • Grant will be ent directly to the company’s bank account through GIRO after company has submitted claims.
  • A confirmation email will be sent to the email address on BGP regarding the claims disbursement. ​​
  • Different types of productivity solutions have different caps, but the grant cap is typically SG$30K.
  • Support will be provided on pre-scoped packages sourced from a pre-approved vendor​.

Claims are on Reimbursement Basis

No Retrospective Funding 
  • Claims can only be submitted when all project deliverables have been achieved.​
  • The PSG only supports projects that are new, have not commenced and which have not been paid for.

FAQs

What do I have to prepare before applying?
1. Check if you are eligible for PSG (see above)
2. Prepare documents before application 
- Prepare ​unsigned quotations and financial statements. 

Before application, prepare the following documents:
a. Company’s Financial Statements3 & ACRA Bizfile
b. Documents to request from vendor
c. Licenses required for certain sector-specific solutions
d. Tenancy Agreement & Home Office Licenses
​
​3. Validate your Business Sector on your ACRA Bizfile before application 
How can I apply for the 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
  4. 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 +65 6898 1800, reach out to go.gov.sg/helloesg or visit the SME centres.
What do I have to take note of after receiving an Offer Letter?
If you are awarded the grant, your company will receive a Letter of Offer (LOF) indicating the conditions of support and the amount of grant awarded. You need to acknowledge receipt and accept the LOF (by clicking the 'Accept' button on Business Grant Portal) within the timeline indicated, otherwise the application would be considered invalid.

Key terms to take note in the Offer Letter:
​
1. Project Qualifying Period 
  • This is critical, as any expenses paid outside of this period will not be claimable
2. Project Qualifying Cost and awarded Grant amounts
  • This is important, as it breaks down how much of the project costs are supported, and at what percentage levels
3. Project Deliverables
  • This is critical as you will need to meet all deliverables before your claims can be approved for grant disbursement after the project​
​
Essentially, projects should have been completed within the specified qualifying period, and all project deliverables should have been achieved.
How can I submit claims for grant reimbursement under PSG?
Step 1: Prepare Documents

Prepare the following documents required for claims submission (Claims submission checklist):
  • For first time applicants, complete the Giro form and mail it to the address indicated on the document, or complete the online ESG GIRO Form (FormSG) online.   
    • No action required if there is no change to the Giro details previously submitted to ESG.
  • Deliverables Documentation
  • Cost Items Documentation for audit (e.g. Invoices, bank statements, employment contract, etc.)

Step 2: Submit Claims on BGP and select auditors

Submit claims
  • Log on to the Business Grant Portal (BGP) and select “File a New Claim”. Refer to the BGP guide for more information.
  • Upload project summary report and documentation of project deliverables under “Project Report” tab in BGP.
Select auditors
  • During final claim submission in BGP, select an auditor from Enterprise Singapore’s Pre-Qualified Panel to verify your claims, unless expressly exempted by Enterprise Singapore.
  • Upload cost items documentation (e.g. invoices, bank statements) under “Supporting Documents” in BGP.
  • Upon completion of the above steps, submit the claim and record the claim number for future reference. If you require further technical support on your claim submission, please contact Enterprise Infoline.​
What happens after I have submitted claims for evaluation?
  • An Enterprise Singapore officer will verify that the project deliverables have been met, and may contact you for further information if required. A site visit or presentation meeting may be arranged for this purpose. You may be asked to revise your Project Report if the information is incomplete.
  • Concurrently, the auditor that you have appointed will verify your claim documents and issue an Audit Report upon completion of the verification. The auditor may contact you for further information if required.
  • The approved claim amount will be disbursed within a few weeks via GIRO to your designed bank account after successful verification of project deliverables & expenses. 
  • You will be informed via email when the grant has been approved and disbursed.
  • An email will also be sent out by DBS to the email address stated in the GIRO form to confirm the transaction.
Are unlisted IT and equipment solutions covered by PSG?
No. However, new productivity solutions are constantly reviewed and included in the list. 
What industries are covered by PSG?
PSG covers a wide variety of pre-approved solutions from various sectors. Please check this website for additional information.
Is PSG taxable?
Yes, it is considered as revenue for grant recipients. For clarifications, please reach out to RAS via their online chatbox or email via myTax Mail in myTax Portal

Next Steps
Find out how our grant consultants can help your company secure the PSG grant​ here.