Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes. Offering government subsidies of up to 80%, SMEs can apply for the PSG to support their adoption of software solutions from us as pre-approved vendors.
Why choose us
A confident vision and objective to meet the future.
To have most of our clients with us for more than 10 years and we believe that our continued success can help you in your business.
Our main objective is to help businesses to achieve their personal and business financial goals and save you money in the process.
We sit on the same side of the table as YOU to provide business solutions to business problems – we listen to your business problem and offer strategies to resolve the problem and achieve your objectives.
Eligibility & Application
What is the eligibility criteria for Productivity Solutions Grant (PSG) applications
Business entity that is registered/incorporated in Singapore
At least 30% local shareholding
Company’s Group Annual Sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers
Purchase/lease/subscription of the Equipment or IT Solution must be used in Singapore
* Eligible company may also claim for 90% funding under SkillFuture Enterprise Credit. Click here to find out more
To apply for the PSG, companies will have to:
Obtain quotations from vendor (unsigned). IT solutions and vendors have been pre-qualified under the grant
Company should not have signed any contract or made any payment before submitting the PSG application
Submit an application on the Business Grants Portal (BGP) at www.businessgrants.gov.sg.
* CorpPass account is required.
Frequently asked questions
PSG Equipment & IT Solutions
Where can I get information on equipment and pre-approved IT solutions?
You may find the full list on GoBusiness Gov Assist.
Can unlisted IT solutions or vendors who are not pre-approved be supported?
No, companies can only be supported on pre-scoped packages by pre-approved vendors. For equipment, there is no pre-approved vendor but the equipment must minimally meet the specifications provided.
What are the supportable costs of adopted equipment/IT solutions?
Unless otherwise stated, only the actual purchase/lease/hire cost of the pre-approved equipment or pre-approved IT solution package is supportable. This excludes other related administrative fees/charges, e.g. delivery fees, installation.
Can the equipment or IT solution be used for the company’s subsidiary or related party?
No, the equipment or IT solution should only be used by the applicant entity and not by a related party.
How long must the purchased equipment or IT solution be held for?
The holding period for the equipment or IT solution is one year from the date of final claim disbursement.
How many PSG grants can a company apply for?
Can a company submit concurrent applications?
Yes, this is possible.
Can a company engage a related associate as the third-party vendor?
The Applicant shall ensure that the vendors selected do not have any relationship, connection, associated or dealings with the Applicant or its related companies or their directors and common shareholders. Applicant will be required to declare any relationship with vendors.
What is the annual grant cap for PSG?
Each company supported by ESG is subjected to an annual grant cap of S$30,000 for solutions supported by ESG, starting on 1 April and ending on 31 March the following year.
What happens when the grant cap is fully utilised?
Companies that have fully utilised their grant caps will not be eligible for further support within the validity period of the grant cap, and may then apply for new solutions at the next period when the grant caps are refreshed. Companies are encouraged to plan the use of the PSG for their purchases.
What is the processing time for applications?
Business Grants Portal and CorpPass
Where can Applicants check the status of their grant application?
What happens if the personnel handling the company’s grant application leaves the company? Can another staff submit the application on his/her behalf?
Any personnel assigned as a BGP user in the company and given a Preparer or Acceptor role by the company’s CorpPass Administrator can edit and submit the grant application. Contact details of the new user should be updated in the BGP.
What happens when an applicant company applies for the incorrect equipment/IT solution package in the BGP?
Can others (e.g. family members, non-employees) apply on behalf of applicants?
Yes, this is allowed. The Applicant will need to provide a letter of authorisation stating the party they wish to authorise their CorpPass access to.
Can a company change to another vendor or make application revisions?
If the individual who submitted the application on behalf of the company has left, how do I accept the Letter of Offer?
How many claims can a company submit per application, and can claims be disbursed before the project has been completed?
What is the processing time for claims disbursement?
How will the PSG grant disbursement take place?
How will I be notified of the claims disbursement?
An email will be sent to the email address stated on the BGP to confirm the transaction.
Withdrawal of Grants
You may withdraw your application on the BGP if it is currently reworked to you for updates. To notify ESG to withdraw the application if it is being processed, please submit a request to email@example.com, and you will be sent further instructions.