What is the Enhanced Productivity Solutions Grant?

12 minute read

One of the best ways to improve productivity in your business is to focus on automation. Automating various processes and tasks will undoubtedly lead to improvements across the company in its entirety.

To automate various processes and tasks, a business has to implement modern technological solutions. However, don’t think that this technology is all about expensive high-end solutions.

There are other ways to enjoy improved productivity besides overspending and come in the form of resources provided both by government entities and private entities.

One grant of that kind is the Productivity Solutions Grant (PSG).



What is PSG?

The Productivity Solutions Grant is designed to help businesses adopt internet technology solutions and it covers a few specific industries:

  • Retail
  • Finance
  • Logistics
  • Engineering
  • Food
  • Landscaping industries

The PSG combines three types of existing grants, including the National Parks Board’s Landscape Grant, Spring Singapore Innovation Voucher, and Media Development Authority’s SMEs Digital program.

The Productivity Solutions Grant provides many companies with significant financial aid to grow.

According to global commercial banking, adopting technological changes in a business is vital, as it brings cost benefits that enable sustainable growth on a larger scale.

The grant offers about 70% funding support to the Singapore companies. The selected companies can tap into long-term digital technology investments.

The PSG also supports the adoption of solutions that cut across industries, such as customer management, data analytics, financial management, and inventory tracking. These solutions have been pre-scoped by certain government agencies such as Enterprise Singapore, National Environmental Agency (NEA), and Singapore Tourism Board (STB).


The Enhanced PSG

An official announcement at Supplementary Budget 2020 introduced various improvements regarding PSG. The grant was enhanced to encourage enterprises to continue their digitalization and productivity improvement efforts.

The maximum funding support level has been increased to 80% from 1 April 2020 to 30 September 2021. Due to the pandemic, the scope of generic solutions has been expanded and of course, these measures were created to help enterprises combat the effects of COVID-19.

These are the tools that have expanded the generic solutions:

  • Virtual meeting tools
  • Online collaboration tools (covering remote working solutions)
  • Temperature screening tools
  • Queue management systems
  • Digital marketing tools (starting from October 2021)

Keep in mind that the support for COVID-19 business continuity measures has ended on 31 December 2020. Hence, all businesses that have applied before the stipulated date got a chance to enjoy the measures package.

However, there are rumours that the government is planning to design a new set of relief measures, since the pandemic is unfortunately not nearing its end.

All interested parties that would like to see available solutions can do so on GoBusiness Gov Assist. Taking a good look at the solutions could help a business determine the relevant and right-sized PSG support packages.


Who can apply for PSG?

An SME can apply for the grant only if they meet specific requirements:

  • The business has to be registered and headquartered in the state of Singapore.
  • All of the purchased (or leased) equipment and IT solutions have to be used in Singapore.
  • The business has to hold at least 30% of the local shareholding. Remember that this is valid if the company’s group annual sales turnover is less than S$100,000,000 or if there are fewer than 200 employed workers (for selected solutions only).

On the other hand, there are various requirements that employers have to consider too, especially if an employer wants to apply for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme.

Here are the requirements:

  • The employer has to have a contribution of at least S$750 Skills Development Levy over the qualifying period.
  • The company needs to have at least three Singapore citizens employed or permanent residents every month over the same period.
  • The company has not been qualified for SFEC before.


How can I apply?

  1. First, visit the Business Grants Portal. Log in or register if you do not have an account. Once a user is registered, they can also register with Corppass.
  2. When a user is logged in and the Corppass is sorted out, they can log into The Portal. The credentials include an entity ID, Corppass Id, and password.
  3. Log into the Productivity Solutions Grant account and take a look at the options there. It is possible to edit the company profile, get a new grant, or learn to apply.
  4. Then click on the Get New Tab middle tab.
  5. Once that step is done, a new window will open with various requests where a user needs to choose the industry sector that best fits a given business. The options cover the landscape, services, building and construction, logistics, tourism, food and beverages, retail, manufacturing and engineering, information technology, media, and others.
  6. When you select the business industry, you need to select the desired grant. A new window brings options regarding the grant types.
  7. Select PSG and proceed.
  8. Then, verify the eligibility status on the verification page. The page has a list of the requirements that need to be met to qualify for the grant.
  9. Thick the yes option to verify that your business is eligible and proceed. Once this step is completed, it is necessary to fill in the contact details, including the owner’s name, job title, and contact number.
  10. The final steps deal with the proposal details, the vendor quotation, and purchasing costs. These require business owners to search for the IT solution option and select the IT solution. The vendor quotation step refers to the process of uploading the supporting documents and selected vendor quotations.
  11. Last but not least, the purchase price should include all the delivery, installation, and training charges. Then, answer questions on potential business impact, review the declarations and make the final declaration.
  12. Click on submit, and that’s it.


Wrap up

Hopefully, now you know everything about PSG and how your business can apply for it. If you are eligible, don’t miss out on the chance to apply for it, since adopting productivity solutions and staying relevant with new trends should be your top priority.

And to make things even better for you, Sleek is a pre-approved PSG vendor, which means that we can save your business up to 80% on yearly fees!

Feel free to reach out to us for more information and take this opportunity to stay ahead of your competitors.

What now?

Well it’s simple! If you have any questions about getting your business started, get them all answered by having a free consultation call with our experts.

Other articles that might interest you

Related content

Get in touch.

Start your Sleek journey today

Ready to grow your business to the next level?
Let us help take the load off your shoulders so you can continue doing what you love.

50GB data with unlimited talktime for only S$18/month and additional add-ons!

Circles.Life is a telco provider in Singapore that provides no-contract mobile plans. Their end-to-end integrated service allows customers to manage and design a plan that best fits their needs.

Enjoy the following offers:

  • 50GB data with unlimited talktime (SIM-only) for S$18/month

Once you are a Sleek client, you can access this offer.

Get access to investors, corporates and business advisors

TiE Singapore is a vibrant eco-system of Asian entrepreneurs, angel investors, venture capitalists and industry professionals – TiE has 61 worldwide chapters, 10,000 Startups, 80,000 Attendees and 15,000 members.


  • Exclusive access to an ecosystem of advisors, mentors, investors, corporate heads via discounted programs
  • Expand your reach beyond Singapore by attending all local and global events
  • A chance to showcase and pitch your ideas to industry leaders and investors
  • Network and build connections to engage with business experts, thought leaders and fellow entrepreneurs

Form your US company with Stripe Atlas

Stripe Atlas is a safe and easy-to-use platform for forming a US entity by removing obstacles that are typically associated with starting a company such as – legal paperwork, bank lines, obscure fees and regulatory barriers.

Enjoy the following benefits:

  • Get a discount from SGD $200 onwards on an Atlas incorporation
  • Use their services from anywhere in the world
  • An opportunity to connect with other founders and learn from experts

Enjoy up to SGD $1,425 off on eBay store and promotion fees that are incurred in the first quarter of your operation

eBay is a world-leading online marketplace that facilitates consumer-to-consumer and business-to-consumer sales.

Sleek clients can benefit from a special promotion when they:

  • Sign up as new sellers on eBay
  • Offer a minimum of 100 SKUs in their online store

You will be eligible for:

  • 100% reimbursement of the store and promoted listing fees for up to 3 months, capped at SGD $1,425, subject to promotion T&Cs

How do you qualify?

  • Leave your contact details in eBay’s New Seller Form
  • eBay’s New Seller Account Management team will review your application and reach out to guide you on the account setup
  • Once approved you will receive a promotional email from your Account Manager

Enjoy your stay with Hmlet by getting corporate rates

Hmlet provides a custom designed, fully furnished, affordable and hassle-free coliving housing solution, perfect for entrepreneurs arriving in Singapore.

Enjoy the following benefits:

Get 10% when you stay with Hmlet in Singapore
Perfect opportunity to expand your network with Hmlet’s diverse community
Enjoy dedicated assistance from Hmlet Community Managers
Flexible month-to-month membership plans

*For new members only

Promotion is valid for any length of stay up to one year.

Contact Joanna at +65 8462 6446 to get the discount.

Gain instant access to the top coworking spaces around Singapore with FlySpaces Passport

FlySpaces provides short-term flexible workspace solutions, fully-furnished and fully-serviced, for entrepreneurs, SME’s, and corporates setting up their businesses in Southeast Asia.

Enjoy the following benefits:

  • 1 month free trial of Passport Starter package and 25% off the first month of any Passport package
  • Flexible packages that scale with your business
  • Dedicated assistance from a FlySpaces Space Expert

*For new members only 

Get 3 months free trial

Metigy is the world’s leading Digital Marketing Decision Support technology made for SME Marketers. Metigy’s AI platform helps SME’s achieve 2x-3x improvement quarter on quarter.

  • AI-powered real-time insights and recommendations platform
  • Set objectives and follow Metigy’s content recommendations
  • Planning calendar, content library and social analytics
  • Prioritised to-do list and approval workflows

Once you are a Sleek client, you can access this offer.

Join Hubspot for Startups and get up to 90% off your Hubspot subscription in your first year

We’re excited to partner with HubSpot for Startups to offer their program designed specifically to help startups grow and scale better, and faster – at a startup-friendly cost! Read on to learn more about the program.

What is the HubSpot for Startups program?

  • Education resources and tailored training
  • Professional software, startup pricing
  • Integrated platform for startups

Who is eligible?

Any startup that is a current customer of Sleek and meets certain funding criteria is eligible for this exclusive program! See below for more details:

  • A startup with under $2 million in funding: ou are eligible for up to 90% off HubSpot software in your first year, 50% off in your second, and 25% off ongoing.
  • A startup who has raised over $2 million in named funding up to and including Series A: You are eligible for up to 50% off in your first year, and 25% off ongoing.

*The HSFS startup-friendly pricing is only applicable to net-new HubSpot Hubs or upgrades of existing Starter subscriptions to Basic, Professional, or Enterprise products; customers may not apply the startup program pricing to existing Basic, Professional, or Enterprise Hubs.

Once you are a Sleek client, you can access this offer.

Get 10% discount on Google Workspace licenses

Google Workspace offers custom email for your domain, online storage, shared calendars and a range of collaboration tools to increase the productivity of your team.

  • Gmail for business
  • Gsheets, Gdocs, Gslides and Google Meet
  • High security and online file storage

A 10% discount is provided for all new domains and transfers.

Once you are a Sleek client, you can access this offer.

Get US$5,000 in AWS Promotional Credits

*Only available for technology startups

Amazon Web Services provides startups with low-cost, easy-to-use infrastructure needed to scale and grow any size business.

You will be eligible for:

  • US$5,000 in AWS Promotional Credits valid for 2 years
  • 1 year of AWS Business Support (up to US$1,500)
  • Opportunities to qualify for additional credits 
Note: Companies may not be eligible for AWS Activate Credits if they previously received a similar or greater amount of credit. Companies may be eligible to be “topped up” to a higher credit amount if they previously received a lower credit.  For more information, please review the AWS Activate Terms & Conditions.
Once you are a Sleek client, you can access this offer.

Manage your company spending with a 3-month free trial

Spenmo is a B2B spend-management platform with physical and virtual card offerings. We aim to digitise expense processes and help companies eliminate fraud and overspending.

Enjoy the following benefits:

  • Free physical and virtual cards for up to 15 employees and 2% unlimited cashback for the first 6 months
  • $100K worth of free local and international invoice payments
  • Free cash reimbursement software

Once you are a Sleek client, you can access this offer.

Get S$10,000 in processing volume credit

Stripe is the best software platform for running an internet business. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate online payment systems.

  • Fast, reliable and secure
  • Faster eligibility period for custom processing rates
  • Priority betas and special event access

Once you are a Sleek client, you can access this offer.

Free multi-currency account for businesses and online sellers

WorldFirst is an innovative global payment platform, helping businesses move money around the world faster, easier, safer and cheaper. 

Sleek clients can enjoy the following:

  • Open up to 10 international currency accounts for free: SGD, USD, GBP, EUR, CAD, AUD, NZD, JPY, HKD & CNH
  • Receive, hold and make payments in international currencies
  • Open your account for free with no monthly account fees and no annual transfer limits
  • Access great exchange rates
  • Manage your global finances all on one platform
  • Instant FX transactions between currency accounts

Do note that WorldFirst only works with online sellers.

Open a Singapore dollar business account from anywhere.

Wise is a global technology company that’s building the best way to move money around the world. Whether you’re sending money to another country, spending money abroad, or making and receiving international business payments, Wise is on a mission to make your life easier and save you money.

Enjoy the following benefits:

  • Enjoy S$2,600 fee-free transaction
  • Get bank details in 6 currencies: SGD, GBP, EUR, USD, AUD, NZD
  • Sleek customers get access to the Wise Platinum debit Mastercard
  • Get support from our global team in Singapore, Europe, and the US