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The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment. Up to 50% of eligible costs for local SMEs. Sector-specific and generic solutions.
The Productivity Solutions Grant (PSG) was launched on April 2018 to help businesses enhance their processes with technology. It provides financial support for business owners to adopt pre-scoped IT solutions, equipment and consultancy services to improve productivity.
Overview. Solutions for specific sectors. Select the sector your business is in to see the solutions you are eligible for. This should be based on the SSIC that you have registered with ACRA. Accountancy. IT Solution. Corporate Secretariat Management. External Audit Management. Practice Management System.
Local SMEs can apply for Productivity Solutions Grant (PSG) for the Built Environment to co-fund up to 50% of the qualifying costs of adopting pre-approved digital solutions under the Construction and Facilities Management Industry Digital Plan (IDP).
The Enterprise Development Grant (EDG) supports projects that help you upgrade, innovate, grow and transform your business. Submit your individual project proposals with details on your business plans and project outcomes to take your business further.
The Support for Job Redesign under Productivity Solutions Grant (PSG-JR) encourages enterprises to work with pre-approved JR consultants to redesign work processes, tasks and responsibilities.
The Productivity Solutions Grant supports businesses in the adoption of pre-scoped IT Solutions and/or Equipment that improve productivity. List of supportable solutions can be found here.
Tax deductions and allowances (i.e. capital allowances, writing-down allowances and investment allowances) are no longer given on expenditure funded by capital grants from the Government or Statutory Boards that are approved on or after 1 Jan 2021.
SMEs adopting pre-approved solutions could be considered for Government incentive support (such as the Productivity Solutions Grant, PSG), subject to their eligibility. Who is it for? ICM vendors who satisfy the pre-approval criteria are welcome to submit their solutions to be pre-approved under the SMEs Go Digital programme.
The PSG supports businesses in the adoption of IT solutions/equipment/consultancy service that improve productivity. Unless otherwise stated, only the actual purchase/lease/hire cost of the pre-approved equipment or pre-approved IT solution package is supportable.
