No. Any IT solutions claimable under PSG must be paid after the application date. The application must be made before the signing of the invoice/quotation letter with the solutions provider, payment to the solutions provider and commencement of any work for the project.

As announced in the Singapore Budget 2021, the enhanced support level of 80% has been extended and the ending date to apply is 31 March 2022. Thereafter, the maximum support level will return to 70% from 1 April 2022 onwards.

Under the Food Services & Retail Business Revitalisation Package, enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023 for companies that fall under Food Services and Retail sectors for eligible pre-scoped solutions.

PSG accepts typical business payment terms like cheques and bank transfers.

For credit card payments, the owner of the card has to be the sole proprietor. Corporate entities have to produce an official document stating that expenses incurred were by the company and not of a personal nature. Reimbursements to the director/individual who has paid using their credit card will need to be shown.

Claims must be submitted after the solutions are used and expenses are fully paid for — before the 13th-month mark after approval for purchases and 7th-month mark after the approval for hire purchases, subscriptions or leases.

SMEs may apply for more than one solution under the PSG but the deployment location of each solution must differ.

Grants for applications supported by Enterprise Singapore (ESG) are capped at $30,000 for each business entity between 1 April to 31 March of every year. For your PSG applications to be qualified under the current financial year, do submit your applications before 31 March. Eligible companies will have their annual grant cap refreshed at the start of the next financial year (1 April).

No. Quotations that differ from the packages under the PSG are non-approved and will be rejected.

Any modifications must be quoted separately from the PSG package and any amendments to the package must be approved again by the IMDA.

In our opinion, if your business requires a set of multiple digital solutions, we recommend you to sign up with a PSG vendor that provides a full suite of services. At FirstCom, we not only provide ecommerce solutions via website development, we also have other services such as digital marketing, logo creation, and video marketing. If you are a F&B business looking for a PSG vendor, then FirstCom is the perfect choice. Click on ‘Get in Touch’ below to find out more!

Generally, the processing time for PSG application will take about 4 to 6 weeks upon the successful submission of the application in the Business Grants Portal (BGP).

Under the Food Services & Retail Business Revitalisation Package, companies that fall under Food Services and Retail sectors can be supported for up to 80% from 1 April 2022 to 31 March 2023 for eligible pre-scoped solutions.

This enhanced maximum support level applies to the following solution categories under the Food Services and Retail sectors.

Food Services

1. Digital/ Online Ordering and Payment
2. Automated Reservation
3. B2B Marketplace/E-Procurement System
4. Queue Management
5. E-Loyalty/ Customer Relationship Management
6. General Food Services Equipment

Retail

1. Enhanced Retail Management System
2. Commercial Anti-Money Laundering (ML)/Countering the Financing of Terrorism (TF) Screening
3. Retail Analytics
4. E-Commerce – Online Shop (B2C)

1. Identify relevant solutions that best suit your business needs.
2. Get a quotation from us, a pre-approved vendor for the Productivity Solutions Grant (PSG).
3. Submit your application for PSG on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

The Business Grants Portal (BGP) brings government grants for businesses into one place, so it is easier for businesses to find and apply for the relevant grants you need. It is a one-stop portal for businesses to apply for grants, e.g. Productivity Solutions Grant (PSG), without having to approach multiple government agencies. The portal also allows businesses to better manage and track their grant applications.

Below are some other government grants SMEs can consider for their business:

• The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help companies upgrade their business, innovate or venture overseas. Receive up to 70% support for eligible costs.
• With the Market Readiness Assistance (MRA) grant, small and medium enterprises (SMEs) will receive an international boost to help take their business overseas. SMEs looking to take their business overseas can receive up to 70% support for eligible costs with the MRA grant from 1 April 2020 – 31 March 2023.
• Grow Digital is an initiative by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG) under the SMEs Go Digital programme. Under this initiative, SMEs can participate in Business-to-Business (B2B) and Business-to-Consumer (B2C) e-commerce platforms to sell overseas without a need for physical presence. SMEs that are ready to sell overseas can receive funding support when they participate in pre-approved B2B and B2C e-commerce platforms with global or regional reach.

Check out the full list of available grants for SMEs here.