If you are exploring PSG grant requirements or checking your PSG grant eligibility, read this guide to understand if your business qualifies for the Productivity Solutions Grant (PSG) in Singapore.
Through this guide you will be able to assess your company’s eligibility, prepare the necessary documents, and confidently move forward with your PSG application.
Key PSG Grant Requirements at a Glance
To qualify for the PSG grant, businesses must meet the following requirements:
These requirements apply to all SMEs applying for PSG funding support in Singapore.
Who is Eligible?
If your business meets these conditions, it qualifies under the PSG grant eligibility criteria and can proceed with the application.
Use this quick checklist to confirm your eligibility:
If you meet all of the above, you are likely eligible for PSG funding.
To support your application, prepare the following:
Preparing these documents in advance will speed up your application process and reduce the risk of delays.
The SkillsFuture Enterprise Credit (SFEC) aims to encourage employers to invest in enterprise transformation and the capabilities of their employees. Eligible employers can use SFEC to offset PSG-supported costs, including IT solutions, equipment, and digital marketing services.
Businesses receive a one-off S$10,000 credit covering up to 90% of out-of-pocket expenses, with up to S$7,000 usable for enterprise transformation. Eligibility and remaining balance can be checked via the ‘Business Grants Portal’ (BGP).
| Scheme | Qualifying Periods | Eligibility Criteria |
|---|---|---|
| SFEC (Budget 2020) |
|
Employers must meet the following conditions over any of the qualifying periods:
|
| SFEC Expansion (Budget 2022) | 1 January 2021 – 31 December 2021 |
Employers must meet the following conditions over the qualifying period:
|
Understanding common rejection reasons can significantly improve your approval success rate:
If you are applying for PSG under digital marketing, your business must meet both the general PSG grant requirements and specific criteria related to the selected solution. This ensures that your project aligns with PSG guidelines and qualifies for funding support, while also delivering measurable business outcomes.
These PSG-supported solutions are designed to help your business grow digitally while maximising funding support.
Once you meet the PSG grant requirements and PSG grant eligibility, you can proceed with the application process.
Working with an experienced PSG vendor ensures:
PSG grant requirements include business registration in Singapore, local shareholding, and financial capability to complete the project.
SMEs operating in Singapore with at least 30% local ownership and meeting project conditions are eligible.
Eligible companies can receive up to 50% support for qualifying costs, depending on the solution category. Each eligible business has an annual grant limit of SGD 30,000 per financial year (ending 31 March) with Productivity Solutions Grant for Enterprises Singapore.
No, businesses must work with pre-approved vendors such as W360 to qualify for PSG funding.
If you meet the PSG grant requirements, take the next step toward securing funding for your business.
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