Productivity Solutions Grant

The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes. For a start, PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.

Funding

As announced at Supplementary Budget 2020, PSG will be enhanced to encourage enterprises to continue their digitalisation and productivity upgrading efforts. The maximum funding support level will be raised to 80% from 1 April 2020 to 31 December 2020. The scope of generic solutions will also be expanded to help enterprises implement COVID-19 business continuity measures:

• Online collaboration tools

• Virtual meeting and telephony tools

• Queue management systems

• Temperature screening solutions

SMEs can apply for PSG if they meet the following criteria:

• Registered and operating in Singapore

• Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore

• Have a minimum of 30% local shareholding; with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employers (for selected solutions only)

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