If you’re running a small or medium business in Singapore, you already know that staying ahead means going digital. Whether it’s upgrading your website, automating payroll, or boosting your cybersecurity digital tools are no longer a luxury, they’re a must-have.
But we get it. Digital transformation sounds expensive. That’s where the Productivity Solutions Grant (PSG) steps in. It’s one of Singapore’s most powerful financial support schemes for SMEs covering up to 50% of the cost when you adopt pre-approved digital solutions.
Still, applying for a government grant can feel like navigating a maze of paperwork and portal logins. That’s exactly why we created this step-by-step guide to simplify the entire PSG process for you. From checking if you’re eligible, to knowing what documents to prepare and what mistakes to avoid, we’ve got you covered.
Let’s dive into how you can unlock PSG funding and bring your business up to speed without breaking the bank.
What is PSG Grant?
The Productivity Solutions Grant (PSG) is a funding initiative by the Singapore government that helps local SMEs go digital by subsidising up to 50% of approved solutions. Think of it as a launchpad for your company’s digital journey, whether you need a new CRM system, better accounting software, or a fully optimised website.
Unlike general funding schemes, PSG is solution-specific and supports only pre-approved digital tools and equipment. That means you don’t have to second-guess which tools are worth investing in the shortlist is already curated for quality and impact. Plus, everything is streamlined through one portal: the Business Grants Portal (BGP).
If you’ve been delaying your tech upgrades because of costs, PSG is your chance to get ahead without draining your cash flow.
Benefits of the PSG
Let’s talk about the perks. The PSG isn’t just another grant, it’s a smart move for any SME that wants to modernise without overspending.
Whether you need digital marketing support, inventory systems, or HR tools, PSG lets you get there faster and smarter.
Who is Eligible?
Not sure if your business qualifies? Here’s a quick eligibility checklist. You’re good to go if:
These basic requirements make PSG accessible to thousands of SMEs. But be warned if you buy or subscribe before approval, your application may be rejected. So always apply first, then buy.
How to Apply: Step-by-Step
Now for the juicy part how to actually apply for the PSG grant. Here’s your no-nonsense guide.
Step 1: Identify Your Business Needs
Start by figuring out which area of your business could use a productivity boost. Is it marketing, HR, accounting, or something else?
Step 2: Browse Pre-Approved Solutions
Head over to the GoBusiness PSG solutions page and search for tools that match your goals. Take note of the vendors and features.
Step 3: Request a Quotation
Reach out to one of the pre-approved vendors for a quote. Keep in mind: you must not make any payment before approval.
Step 4: Apply via Business Grants Portal
Log in at www.businessgrants.gov.sg using CorpPass. Choose “Productivity Solutions Grant” and complete your application with the required details and uploaded quotation.
Step 5: Wait for Approval
Approval usually takes 4–6 weeks. Once you’re approved, you’ll get the green light to proceed with the purchase.
Step 6: Purchase and Implement
Now you can go ahead and buy the solution. Be sure to keep all receipts, contracts, and screenshots.
Step 7: Submit Your Claim
After implementation, return to the portal to submit your claim. Upload all necessary evidence (invoices, before/after screenshots, etc.) for reimbursement.
How to Apply for PSG Grant Singapore in 7 Simple Steps
Documents You Need
Keep both hard and soft copies for easy tracking especially when it’s time to claim your funds.
Top Mistakes SMEs Make When Applying for PSG
Dos and Don’ts
Why does the PSG Grant Matters?
Let’s face it, running an SME in Singapore isn’t easy. The market is fast-paced, competitive, and always evolving. The PSG grant offers a way to stay ahead without overspending.
Instead of struggling with outdated systems or patchwork solutions, PSG gives you access to trusted tools that can make a real impact. From cutting admin time in half to improving customer engagement, the right digital upgrade can help you do more with less.
Plus, getting into the habit of applying for grants and digital tools now will build your confidence for future government support like EDG, Startup SG Tech, and beyond.
Available PSG-Supported Solutions
Here are some popular categories businesses often apply for under the PSG scheme:
Digital Marketing: Website design, SEO tools, content automation
Applying for the PSG grant doesn’t have to be complicated, especially when you work with a team that knows the ropes. Verz Design is a PSG pre-approved vendor that’s helped hundreds of SMEs build high-performing websites, scale digital marketing, and implement enterprise tools that truly make a difference.
We’ll walk you through the paperwork, offer customised recommendations, and get your project up and running with minimal stress.
Yes, as long as each solution falls under a different category or use case.
How long is the grant approval process?
Most applications are reviewed within 4 to 6 weeks.
Can I apply if I’m a freelancer or sole prop?
Only if your business is registered with ACRA and meets the eligibility criteria.
What’s the maximum I can claim?
Each solution has its own funding cap. The grant generally covers up to 50% of qualifying costs, subject to approval.
Can I reapply if I’m rejected?
Yes, but make sure to resolve the issue that caused the rejection and revise your application accordingly.
What is the PSG Grant Singapore used for?
To help SMEs adopt pre-approved digital solutions like e-commerce, accounting, HR, and more boosting productivity with up to 50% funding support.
About the Author:
Vivek Tank
Senior SEO Specialist with a strong background in digital marketing and content strategy. With expertise in keyword research, on-page SEO, and backlink building, Vivek creates results-driven strategies tailored to each brand’s goals.
Contributors:
Jean Cabico
Monika
SEO specialist
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Speak to Verz today if you are looking to create a website with a lasting impression to achieve online success.
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