From 1 April 2022 onwards, the maximum support level for PSG Grant will be up to 70%.
For eligible pre-scoped solutions under Food Services and Retail sectors, enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023.
PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports the adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.
These solutions have been pre-scoped by various government agencies such as Enterprise Singapore, National Environmental Agency (NEA) and Singapore Tourism Board (STB).
SMEs can apply for PSG if they meet the following criteria:
Is a business entity registered and operating in Singapore;
Have a minimum of 30% local shareholding
Company’s Group annual sales turnover should be not more than S$100 million, OR Company's Group employment size should be no more than 200 employees
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
Here are the steps you can take when applying for PSG:
Visit GoBusiness Gov Assist to access the list of supportable solutions and identify relevant solutions that best suit your business needs.
For IT solutions: Get a quotation from the pre-approved vendor. For equipment: Source for the equipment and get a quotation from the vendor
Submit an application on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.
Want to get Xero accounting software for PSG Grant?
Call us at +65 6262 0402 or email us at care@acebizservices.com to get the information details on your needs.