PRODUCTIVITY SOLUTIONS GRANT (PSG)

Yes, employers eligible for SFEC will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, including PSG.
The eligibility for SFEC are as follows:

• SME has contributed at least S$750 Skills Development Levy over the qualifying period
• SME has employed at least three Singapore Citizens (SCs) or Permanent Residents(PRs) every month over the same period
• SME has not been qualified for SFEC beforehand

Yes. The support for Productivity Solutions Grant is still available, and SMEs can receive 70% (80% for Food Services and Retail sectors) until 31 March 2023. These percentages of funding support are enhanced grant support levels that have been extended for a limited time due to the exceptional disruptions caused by COVID-19 to promote the digital transformation of the economy and aid enterprises in overcoming the pandemic.

Starting 1 April 2023 and onwards, SMEs who will apply for the PSG grant can expect to receive 50% funding support for their chosen solutions.

• A purchase order
• A bank statement indicating payment to the pre-approved vendor
• The license number of IT solutions (with an indication of at least 1 month’s usage)
• An invoice
• A screenshot of your business’ name with the name of the IT solution

Claims can only be submitted after the solutions have been fully deployed and payment has been made for the services.

• Visit GoBusiness Gov Assist and log in with your corppass to submit documents of your business utilising the solution for at least one month.
• Claims will be processed by Enterprise Singapore within 4-6 weeks from the submission of all required documents.
• Disbursement of claims for PSG will be credited directly to the company’s bank account through GIRO.
• An email will be sent to the email address stated on the Business Grants Portal (BGP) to confirm the transaction.

Each SME can apply for more than one PSG. However, support can only be extended for one package per solution category and per deployment location.

The application has to be done by the SME, however, our team will be more than happy to guide you through each step.