The Productivity Solutions Grant (PSG) was introduced in April 2018 to help businesses on their journey to become more productive.
PSG encourages the use of pre-scoped IT solutions, equipment, and consulting services that boost productivity and are connected with industry roadmaps such as Industry Transformation Maps (ITMs) and Industry Digital Plans (IDPs).
From 1 April 2020 to 31 March 2022, the maximum financing assistance level was increased from 70% to 80% in order to encourage businesses to continue their digitalization and efficiency improvement initiatives.
Who can apply?
If a company meets the following criteria, it can apply for PSG:
Singapore is where the company is registered and operates.
IT solutions/equipment/consultancy services must be purchased/leased/subscribed in Singapore.
(For selected solutions only) A minimum of 30% local ownership is required.
(For consultancy service solutions only) Have at least three local staff available at the time of application.
