What is PSG - Productivity Solutions Grant?

The Productivity Solutions Grant (PSG) was launched on April 2018 to assist businesses in their transformation journey.

PSG supports the adoption of pre-scoped IT solutions, equipment and consultancy services that improves productivity, aligned to the industry roadmaps such as the Industry Transformation Maps (ITMs) and Industry Digital Plans (IDPs).

The maximum funding support level was raised from 70% to 80% from 1 April 2020 to 31 March 2022 to encourage enterprises to continue their digitalisation and productivity upgrading efforts.

Eligibility - Do I qualify to apply?

Criterias to be eligible to apply for PSG:

Registered & operating company in SG Local Singapore registered company and currently operating

IT services must be used in SG Purchased/ lease/ subscription of IT services must be used in Singapore

Minimum of 30% local shareholding Have a minimum of 30% local shareholding (for selected solutions only)

Turnover < S$100 million, OR < 200 employees Company’s Group annual sales turnover less than S$100 million, or less than 200 employees (for selected solutions only)