Productivity Solutions Grant (PSG)

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What is PSG?

The Productivity Solutions Grant (PSG) is a government initiative to assist businesses in their transformation journey to support selected productivity solutions in line with the Industry Transformation maps (ITMs).

PSG will cover sector-specific solutions in retail, food, logistics, precision engineering, wholesale and landscaping industries, as well as broad-based solutions that cut across industries, such as in areas of human resource management systems, among others.

PSG will support in the following manner:

Funding of up to 80% of the cost;

  • $30,000 annual PSG grant allowance;

  • Shortlisted list of pre-qualified IT solution vendors;

  • Simplified grant processes on the Business Grants Portal (BGP)

PSG Eligibility

Businesses who meet the following criteria can apply for PSG:

  • Registered and operating in Singapore

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

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

Plus

Additional Support: SkillsFuture Enterprise Credit (SFEC)

The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers 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, over and above the support levels of existing schemes including PSG. 

To encourage employers to train and upskill their workers, S$3,000 of the credit should be used for workforce transformation programmes (for training and job redesign) and employers can only use up to S$7,000 for enterprise transformation (for programmes like PSG). 

SFEC Eligibility

Businesses who meet the following criteria will be eligible for SFEC:

  • Have contributed at least S$750 Skills Development Levy over the period*

  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period*

  • Have not been qualified at any of the earlier periods*

Modules Available for Grant Support

Payroll

Reduce up to 90% of your time running payroll. Fully-compliant with the latest regulations and integrated with your favourite accounting software.

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Attendance

Manage your employees' attendance on multiple worksites accurately and on-the-go. Schedule multiple shifts, calculate hours and overtime and generate digital timesheets.

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Leave

Fully automate your leave flows and enjoy the convenience of automatic statutory entitlements, shared leave calendars and reduce time spent waiting for leave approval.

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Expense

Say goodbye to physical receipts. Simply snap, scan and send your expense claims through your mobile app, reducing claims discrepancies and approve claims in one click.

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