Productive Safe Restart Scheme
Provides support for projects to accelerate digital adoption and/or transform operations.
COVID-19 has accentuated key vulnerabilities in the Marine and Process sector such as reliance on foreign workers and manual work processes. The PSRS seeks to encourage firms to accelerate technology adoption and/or embark on business process/model transformation efforts that will bolster their competitiveness as we emerge from COVID-19.
Firms can undertake transformation projects independently, or jointly (i.e. as a collaboration between E&C Plant Owners and its contractors, or Marine Shipyard and its contractors). These projects should result in tangible productivity improvements and reduce reliance on foreign labour in their workforce. Firms can apply to ESG for the PSRS grant, which will provide up to 80% support for qualifying project costs.
The grant will provide up to 80% support for enterprise-level and industry-level projects.
• For enterprise-level projects, any firm that is a Process Contractor, Marine Shipyard, Resident Contractor, Common Contractor and have at least 30% local shareholding.
• For industry-level projects, any firm that is a Process Contractor, Marine Shipyard, Resident Contractor, Common Contractor, or E&C Plant Owner.