Business Efficiency With Us
Claim up to 50%
on Pre-approved Accounting Solutions
Who can apply?
Business entities can apply for PSG if they meet the following criteria:
Your company is registered and operating in Singapore.
All IT solutions or equipment purchased, leased or subscribed-to must be used in Singapore.
Your company has a minimum of 30% local shareholding.
Your company has EITHER an annual sales turnover of no more than S$100M OR employs fewer than 200 employees.
About the Productivity Solutions Grant
Technology is not about fancy and expensive high-end solutions. You can kick-start your technology journey by taking simple steps to automate existing processes and improve productivity. The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
For a start, PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports 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).
From 1 April 2022 onwards, the maximum support level will be up to 70%. For eligible pre-scoped solutions, enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023 for Food Services and Retail sectors. From 1 April 2023 onwards, the maximum support level will be up to 50% for all sectors.
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PSG Grant FAQ
Bookkeeping is not an eligible service to be covered under PSG and is not included in our pre-approved accounting software packages.
Due to the large number of PSG applications submitted in the first quarter of 2022, you may encounter a longer processing time than usual (up to 12 weeks).
Yes, Singapore PRs are considered local shareholders.
Claims are performed on a reimbursement basis, hence payment will need to be made to FidCorp with a screenshot of the bank statement before submission of the claim.