7 April 2026 Posted by Elite Asia Marketing

Singapore Productivity Solutions Grant (PSG): A Guide for 2026

The Singapore Productivity Solutions Grant (PSG) is one of the most accessible government grants available to local businesses today. It provides up to 50% funding support for pre-approved IT solutions and equipment, helping businesses cut costs while improving efficiency.

This guide covers everything you need to know about the PSG in 2026 — from eligibility and solution types to the full application process.

What is the Productivity Solutions Grant (PSG)?

The Productivity Solutions Grant (PSG) is a government funding scheme in Singapore. It is administered by Enterprise Singapore and the Infocomm Media Development Authority (IMDA). The grant helps local companies adopt pre-approved IT solutions and equipment that boost business productivity.

Unlike other grants that fund bespoke or custom-built projects, the PSG focuses on ready-to-use, off-the-shelf solutions. This makes it faster and simpler to apply for. Businesses choose from a list of government-approved vendors and solutions through the Business Grants Portal (BGP).

About This Programme

The PSG was created to help Singapore businesses stay competitive in a fast-changing digital world. It supports companies in automating routine tasks, improving business processes, and adopting technology that would otherwise require significant capital investment.

The PSG sits alongside other support schemes such as the Enterprise Development Grant (EDG) and the Market Readiness Assistance (MRA) Grant. Together, these grants form a broad support framework for local businesses. It is worth noting that Enterprise Singapore is set to introduce a new grant framework called EDGE in the second half of 2026. Existing grants including PSG, EDG, and MRA will remain accessible until the EDGE launch.

Over 30,000 PSG applications have been approved since the programme launched, making it one of the most widely used business grants in Singapore. If you are thinking about what your company should do to remain competitive, reading up on what Singaporean companies should prepare for in 2026 is a good starting point.

What is Covered?

The PSG covers three main types of eligible expenses:

IT solutions — Software and digital tools from pre-approved vendors. This includes accounting software, HR management systems, CRM platforms, and cybersecurity tools.
Equipment — Physical productivity-boosting equipment used in specific sectors, such as food services or retail.
Consultancy services — Advisory services from pre-approved consultants to help improve business processes.

All solutions must come from pre-approved vendors listed on the GoBusiness portal. You cannot use the PSG to purchase tools or services from vendors outside the approved list.

Types of PSG Solutions

PSG solutions fall into two broad categories.

Generic solutions are available to businesses across all industries. They cover common business functions such as finance, HR, and customer management.
Sector-specific solutions are tailored to particular industries. They cover specialised equipment or software that applies to sectors such as food services, construction, logistics, and retail.

Both types follow the same application process and offer the same funding rate of up to 50%. The difference is simply which solutions are available to your business based on your industry.

Benefits of Singapore Productivity Solutions Grant (PSG)

The PSG offers several practical advantages for B2B companies:

Reduced upfront cost — You pay only 50% of the qualifying cost upfront. The remaining portion is reimbursed after claim approval.
Access to vetted solutions — All approved solutions have been evaluated by the government. You can be confident in their quality and relevance.
Faster digital adoption — The application process is fully electronic and straightforward, helping businesses move quickly.
Improved operational efficiency — Businesses that use PSG-supported tools often see a significant reduction in manual work and stronger process control.
Broad coverage — From HR and cybersecurity to digital marketing, the PSG covers many areas of business need.
Open to various business structures — Sole proprietorships, partnerships, and private limited companies can all potentially qualify.

For B2B companies looking to scale without heavy capital spending, the PSG is a practical and cost-effective option. You may also want to stay informed on the latest digital and social media trends in Singapore for 2026 to make the most of your digital investments.

Is My Business Qualified to Apply?

Before you begin your application, check whether your business meets the basic eligibility requirements. The PSG is designed primarily for SMEs, so there are size and ownership criteria to consider.

If your company is registered in Singapore, has at least 30% local shareholding, and has not yet made any payment to a vendor for the chosen solution, you are likely on the right track. Review the full eligibility requirements below to confirm.

PSG Grant Eligibility

To be eligible for the PSG, your company must meet all of the following criteria:

Registered and operating in Singapore — Your business must have a valid Singapore registration.
At least 30% local shareholding — Singapore citizens or permanent residents must hold at least 30% of your company’s shares.
SME size criteria — Annual group turnover must not exceed S$100 million, OR the group must have fewer than 200 employees.
Solution used in Singapore — The IT solution or equipment must be deployed and used within Singapore.
No prior payment or contract — You must not have signed any contract or made any payment to the vendor before submitting your application. Doing so will result in automatic rejection.

Each company must apply individually using its own Unique Entity Number (UEN). Group applications — where two or more entities are listed as co-applicants — are not permitted.

Complete List of PSG Grant Solutions

PSG solutions are organised into two main categories. You can browse the full list on the GoBusiness portal.

Generic Solutions

Generic solutions are available to all eligible businesses, regardless of industry. Common categories include:

Accounting and finance — Cloud accounting software, invoicing tools, and financial reporting systems
Human resources — Payroll management, leave tracking, and HR platforms
Customer relationship management (CRM) — Tools to manage leads, client communication, and sales pipelines
Inventory management — Stock tracking and supply chain management tools
Cybersecurity — Endpoint protection, data backup, and threat detection solutions
Project management — Collaboration tools and workflow automation platforms
Digital marketing — Pre-approved SEO, content marketing, and marketing automation tools

Sector-specific Solutions

Sector-specific solutions are available to businesses in particular industries. Examples include:

Food services — Point-of-sale systems, food safety management software, and kitchen display systems
Retail — Retail management platforms, e-commerce solutions, and self-checkout systems
Construction — Site management software and Building Information Modelling (BIM) tools
Logistics — Fleet management and delivery tracking solutions
Healthcare — Patient management systems and appointment booking platforms

The full list is available at gobusiness.gov.sg.

Who Can Apply

The PSG is open to a wide range of business structures, including:

Private limited companies — The most common applicant type
Sole proprietorships — Individual business owners registered in Singapore
Partnerships — General or limited partnerships
Limited liability partnerships (LLPs)

The key requirement is that the business must be registered and operating in Singapore with at least 30% local shareholding. Foreign-owned companies that do not meet the shareholding threshold are not eligible.

The applicant company must directly submit and manage the grant application. Third parties may assist with preparation, but the submission itself must come from the company.

What Are Common PSG Application Mistakes to Avoid?

Many applications are delayed or rejected due to avoidable errors. Here are the most common mistakes B2B companies make:

Paying before approval — This is the most common reason for rejection. Never sign a contract or pay any deposit before receiving approval.
Using a non-approved vendor — Only vendors listed on the GoBusiness portal are eligible. Always verify before requesting a quotation.
Incomplete documentation — Missing financial statements, unsigned quotes, or vague business impact descriptions will delay your application.
Mismatched quotation details — Your vendor’s quotation must match the Annex 3 specifications for the selected PSG solution package exactly.
Group applications — Each UEN must submit its own separate application.
Applying for the same solution category twice — Each solution category can only be claimed once per company.

PSG Digital Marketing

Digital marketing is one of the most popular PSG categories. The grant covers pre-approved digital marketing solutions that help businesses improve their online presence and generate qualified leads.

Under the PSG, businesses can access funding support for:

Search Engine Optimisation (SEO) — Improving your website’s visibility on Google and other search engines
Content marketing — Developing a content strategy that drives organic traffic and builds brand authority
Digital advertising — Running paid campaigns on platforms like Google Ads or LinkedIn
Marketing automation — Tools that automate email campaigns, lead nurturing, and customer segmentation

For B2B companies targeting multiple markets across Asia, digital marketing must also consider language and cultural relevance. Elite Asia’s digital marketing services help businesses reach multilingual audiences effectively using a PSG-aligned approach. If you are looking to expand into markets like China, explore SEO in China to understand how search behaviour differs across Asian markets.

You can also complement your digital strategy with marketing localisation services, which adapt your brand messaging across languages and cultures for stronger regional impact.

Documents You’ll Need to Apply

Before submitting your application on the Business Grants Portal, gather the following documents:

Company contact details — Name of the main contact person and the Letter of Offer addressee (CEO, Managing Director, or another authorised individual as registered with ACRA)
Financial statements for the past 3 years — Audited accounts or management accounts signed by an authorised person. Newly incorporated companies may submit unaudited accounts or management accounts instead.
Vendor quotation — Must include a detailed scope of services, cost breakdown, and comply with Annex 3 for IT solutions
Deployment location details — Tenancy agreement or utility bills if the solution is deployed at a non-ACRA registered address
Business impact statement — A brief description of expected productivity gains and overall business impact

If your company is part of a corporate group, you will also need to provide the group’s financial statements, ACRA Bizfile for holding companies, and a corporate group structure chart.

If any of your documents are in a foreign language, you will need to have them officially translated. Elite Asia’s certified translation services can help ensure your documents meet Singapore’s regulatory standards.

PSG Grant Application: Step-by-step Guide

Applying for the PSG is a fully digital process. Here is how to do it:

Step 1: Identify your solution

Visit the GoBusiness portal and browse the full list of pre-approved PSG solutions. Select the one that best fits your business needs.

Step 2: Choose a pre-approved vendor

Select a vendor from the approved list and contact them to discuss your requirements.

Step 3: Get a quotation

Request a formal quotation from your vendor. Ensure it matches the Annex 3 specifications for IT solutions. Do not sign any agreement or make any payment at this stage.

Step 4: Prepare your documents

Gather all required documents as listed in the section above.

Step 5: Apply on the Business Grants Portal (BGP)

Log in using your Corppass account at businessgrants.gov.sg. Complete the application form, upload your documents, and submit.

Step 6: Await approval

Processing typically takes 4 to 6 weeks. You will receive an email notification when your application is approved or when additional information is needed.

Step 7: Proceed with purchase

Only after receiving approval may you sign the contract and make payment to your vendor.

Step 8: Complete the project

Make sure your solution is fully deployed and has been in active use for at least 30 days before filing a claim.

Step 9: Submit your claim

Log back into the BGP and submit your claim with the required documents — invoice, full payment proof, usage report, and equipment or software photos.

Step 10: Receive disbursement

Once your claim is approved, funds will be disbursed via Corporate PayNow (within 14 working days) or GIRO (up to 8 weeks).

After Submission

After submitting your application, Enterprise Singapore will review it and may contact you for clarification or additional documents. You can track your application status at any time through the Business Grants Portal.

If your application is incomplete, it may be rejected and you will need to resubmit. During the waiting period, do not proceed with any purchase, signing, or payment — doing so will void your eligibility.

This is also a good time to review your broader compliance and readiness requirements. For businesses expanding across multiple Asian markets, understanding cultural and language differences is just as important as digital transformation.

Letter of Offer (LoF): Your Approval

Once your PSG application is approved, you will receive a Letter of Offer (LoF). This is your official grant approval document. It includes:

Conditions of support
Amount of grant awarded
Project qualifying period
Name of the approved solution or equipment

You must accept the LoF within the deadline stated in the document. To do so, log in to the Business Grants Portal using your Corppass and formally accept the offer. If you miss the deadline, the offer may lapse and you will need to reapply.

Read the conditions carefully before accepting. If you need to change the approved solution, vendor, or project scope, contact Enterprise Singapore first. Changes made without approval may affect your claim eligibility.

Conclusion

The Singapore Productivity Solutions Grant (PSG) remains one of the most practical funding schemes for SMEs in 2026. With up to 50% co-funding across a wide range of pre-approved digital and IT solutions, it offers a clear pathway for businesses ready to invest in digital transformation.

Whether you are upgrading your HR system, implementing a CRM, or investing in digital marketing, the PSG significantly reduces your upfront costs. The key is to apply before making any payment, select from the approved vendor list, and submit complete documentation.

For companies that deal with multilingual documentation, contracts, or market expansion in Asia, Elite Asia’s certified translation services can help ensure your business communications are accurate, professional, and compliant across all target markets.

You may also be interested in exploring website localisation and business localisation services to fully prepare your company for regional growth — both of which can be supported by PSG-funded digital solutions.

FAQs About the Singapore Productivity Solutions Grant Grant

What is the Singapore Productivity Solutions Grant?

The PSG (Productivity Solutions Grant) is a Singapore government grant that helps SMEs adopt pre-approved IT solutions and equipment. It is administered by Enterprise Singapore and offers up to 50% funding support of qualifying costs.

How Many PSG Grants Can One Company Apply for?

A company can apply for multiple PSG grants, as long as each application covers a different approved solution category. However, each solution category can only be claimed once per company.

How Much is the PSG Grant?

The PSG provides funding support of up to 50% of qualifying costs. The grant cap is S$30,000 per financial year.

Is There a Limit on the Amount of PSG Grant One Company Can Receive?

Yes. The grant cap is S$30,000 per financial year. This means that across all approved PSG solutions claimed in a given year, the maximum total reimbursement is S$30,000.

Can a Sole Proprietorship Business Apply for the PSG Grant?

Yes. Sole proprietorships registered and operating in Singapore can apply, as long as they meet all other eligibility criteria — including the 30% local shareholding requirement and the SME size threshold.

How Long is the PSG Application Wait Time?

Processing typically takes 4 to 6 weeks from the date of submission. This may vary depending on application volume and the completeness of your documents.

What is the PSG Letter of Offer (LoF)?

The Letter of Offer (LoF) is the official document confirming that your PSG grant has been approved. It outlines the grant amount, conditions of support, project qualifying period, and the name of the approved solution.

How Do I Accept the PSG Letter of Offer?

Log in to the Business Grants Portal (BGP) using your Corppass account and accept the LoF within the deadline stated in the document. Missing the deadline may result in the offer lapsing, requiring you to reapply.

What Happens After I Accept the PSG Letter of Offer?

Once you accept the LoF, you may proceed to sign the contract with your vendor and make payment. After the solution has been deployed and used for at least 30 days, you can submit your claim via the BGP with all required supporting documents.

Can We Start the Project Before Getting the PSG Grant Approval?

No. You must not sign any contract, make any payment, or begin any project activities before your PSG application has been approved. Starting early will result in automatic rejection of your application.

Will I Need to Make the Full Payment First to the Vendor?

Yes. The PSG is a reimbursement-based grant. You pay the vendor in full first, then submit a claim for reimbursement after completing the project and meeting all claim requirements.

What is the Difference Between PSG and EDG Grant?

The PSG covers the adoption of pre-approved, off-the-shelf solutions and is simpler and faster to apply for. The EDG (Enterprise Development Grant) supports custom-built projects for business upgrading, innovation, and overseas expansion. The PSG is better suited for standardised digital tools, while the EDG suits larger or more complex transformation projects.

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