Launched in 2018, the Productivity Solutions Grant or the PSG grant aims to help small and medium sized businesses (SMEs) to take advantage of technological solutions to help optimise their business productivity and operations.
According to Enterprise Singapore, the PSG grant offers solutions that are tailored to the specific needs of the industries including but not limited to food, logistics and retail. These sector specific solutions are often tailored by the leading agencies that oversee the various industries
On top of that, the PSG grant also includes solutions that all industries can adopt and will find useful. These solutions help the company to improve its operations and raise overall productivity. These are more generic solutions in areas like financial management and customer service.
How Much Funding Support Will I Receive?
Look forward to the PSG grant Singapore offering up to 70% funding support for the pre-approved solutions. While this is the maximum support level, it slightly differs for food and retail sectors which will have increased support of up to 80% from 1 April 2022 to 31 March 2023.
How Do I Check My Eligibility?
For your small or medium sized business to qualify for the PSG grant Singapore, you will need to meet the list of criteria as stipulated by Enterprise Singapore
- Your business is registered and operating in Singapore
- Your business should not be under these categories:
- Religious entities
- Voluntary Welfare Organisation (VWO)
- Government agencies or subsidiaries
- Charitable Organisations
- Institutions of Public Characters (IPCs)
- Your business has a minimum of 30% in local shareholding
- Your business annual sales turnover should not exceed $100 million OR your business should not employ more than 200 employees
- The purchase/lease/subscription of IT solutions or equipment must be utilised in Singapore
How Do I Sign Up?
When you sign up for a digital marketing grant with us at W360 Group, our business consultant will advise you on the required paperwork that they will need to facilitate your application for the PSG grant. You will then need to log into the Business Grants Portal (BGP) with your CorpPass to submit the application. Once your application has been approved by Enterprise Singapore, you will then need to log into the BGP portal once again to receive the offer and successfully complete the application process.
How Do I Go About Making A Request For Claim?
Right after your application goes through successfully, our team will get started on delivering a digital marketing solution. Toward the tail end of the 3 months campaign period, our business consultant will assist you in preparing the necessary paperwork to facilitate the PSG claim. You will then need to log back into the BGP portal to submit your claim and receive disbursement. However, do note that this period can take anywhere from 4 to 6 weeks.
Contact Us Today To Get Started On PSG Digital Marketing
W360 Group is a proud pre-approved vendor for PSG digital marketing. Reach out to our team of digital superheroes to grow your business by tapping into the digital marketing grant! At W360 Group, we work diligently to deliver robust and effective digital marketing campaigns to increase your business’ visibility and profitability. Activate our Digital Superheroes today!