Money Works

Productivity Solutions Grant (PSG) – Moneyworks GOLD and Datacentre

MONEYWORKS – PSG

From 2nd Jun 2022

Moneyworks GOLD and Datacentre is now pre-approved solution under productivity solutions grant since 21st Feb 2019. The Productivity Solutions Grant (PSG) supports companies in the adoption of pre-scoped IT solutions and equipment that enhances productivity.

What is PSG? 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 and National Parks Board (NParks). 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. PSG serves as an avenue for companies to make long-term technology investments. The list of readily adoptable solutions can be found on Tech Depot. 

Is my business eligible for PSG?
SMEs can apply for PSG if they meet the following criteria:

  • Registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  • Have a minimum of 30% local shareholding (for selected solutions only)

How can my business apply for PSG?

Here are the steps you can take when applying for PSG:

  1. Access the list of supportable solutions from below and identify relevant solutions that best suit your business needs.
  2. For IT solutions : Get a quotation from the pre-approved vendor.
  3. Submit an application on the Business Grant Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

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