The Productivity Solutions Grant (PSG) supports SMEs that are keen to improve their productivity by adopting pre-approved IT solutions to enhance business processes. With effect from 1 April 2023, the Productivity Solutions Grant (PSG) funding will be reduced to 50% from 70%.
SMEs can use the PSG to upgrade and strengthen their core business operations through consultancy in the areas of innovation, productivity, human resources and financial management. Apart from consultancy, PSG also supports SMEs in the adoption and implementation of pre-scoped Integrated Solutions to improve business efficiency and productivity.
Eligibility
All local SMEs can apply for PSG if they meet the following criteria:
- Registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Have group annual turnover of not more than $100 million, OR group employment size of not more than 200 employees
As Spring Singapore has constantly review and tighten up this aid, changes in the qualifying criteria, application process and rules may change regularly.
Singapore Accounting and Business Services is able to assist your company in getting the latest correct information and provide analysis and advice on the chances of successful claim via our partner consulting company to increase your chances of getting approval from the authority.
Our Services
- Assess and validate your project for ICV submission
- Draft of a proposal for your claim
- Engage a qualified consulting company to submit the claim online to the Governance Authority
- Inform on the approval status
Our Guarantee
We only bill upon the ICV is approved by the authority. No cost incur if application is unsuccessful.