Productivity Solutions Grant (PSG) – Documents required and templates

The Productivity Solutions Grant (PSG) is an Enterprise Singapore scheme that co-funds the adoption of pre-approved IT solutions and equipment for Singapore SMEs, and applicants need a defined set of corporate, financial and vendor documents to support a successful claim.

What is the Productivity Solutions Grant?

PSG provides funding support for Singapore-registered businesses adopting pre-scoped, pre-approved productivity solutions across sectors including retail, food services, logistics, and professional services. Support is typically administered through the Business Grants Portal, with the vendor’s solution pre-qualified against a published list rather than requiring a bespoke project proposal for each application. Note that from H2 2026, Enterprise Singapore has been consolidating PSG together with the Enterprise Development Grant (EDG) and Market Readiness Assistance (MRA) grant under the new EDGE grant framework, so applicants should confirm with their vendor or Enterprise Singapore which framework their application falls under.

Who is PSG for?

PSG suits Singapore-registered SMEs with at least 30% local shareholding that are adopting an off-the-shelf, pre-approved digital solution or equipment upgrade, rather than a custom-built system. It is not intended for large-scale transformation projects with heavy customisation, which typically fall instead under EDG or the equivalent EDGE grant track.

Documents required

Applicants typically need: (1) ACRA business profile confirming local shareholding and registration; (2) the vendor’s quotation and solution specification matched against the pre-approved list; (3) latest financial statements or management accounts to confirm the applicant is operating and not dormant; (4) proof of local shareholding, including shareholder registers where the ACRA profile does not fully evidence beneficial ownership; and (5) supporting invoices and payment records once the solution is implemented, for the disbursement claim.

Cost and timeline

Funding support levels have varied by year and sector, commonly ranging from 30% to 50% of qualifying costs, subject to a cap per solution category. Application review by Enterprise Singapore or its appointed vendor typically takes 2 to 4 weeks for straightforward, pre-approved solutions. Disbursement of the co-funded amount generally follows within 4 to 8 weeks of submitting the completed claim with invoices and proof of payment.

Step-by-step process

1. Confirm the business meets the local shareholding and registration requirements. 2. Select a pre-approved solution and vendor from the published list. 3. Submit the application via the Business Grants Portal with the required documents. 4. On approval, implement the solution and retain all invoices and payment evidence. 5. Submit the disbursement claim with supporting documents. 6. Retain records for the prescribed retention period in case of a post-disbursement audit.

Common mistakes

A frequent rejection reason is submitting a solution that is not on the current pre-approved list, or that has since been superseded as schemes consolidate under EDGE. Applicants also under-document local shareholding, particularly where the ACRA profile alone does not clearly show beneficial ownership. Others fail to retain invoices in the applicant company’s own name, which can delay or invalidate the disbursement claim.

FAQs

What shareholding does PSG require?
Applicants generally need at least 30% local shareholding, evidenced via the ACRA business profile and, where needed, the shareholder register.

How long does a PSG application take?
Typically 2 to 4 weeks for review of a pre-approved solution, with disbursement following 4 to 8 weeks after the completed claim.

Is PSG being replaced?
From H2 2026, Enterprise Singapore has been consolidating PSG with EDG and MRA under the new EDGE grant framework; applicants should confirm which track applies to their case.

Can PSG be combined with other grants?
Businesses should check with Enterprise Singapore or their grant vendor on stacking rules, as double-funding the same cost item across schemes is not permitted.

What happens if my invoices are in the wrong entity’s name?
The disbursement claim is typically rejected or delayed, as the invoice must match the approved applicant entity.

Related guides

For the accounting treatment of PSG and other grants, see FRS 20 accounting treatment of government grants in Singapore. For staffing considerations when a PSG-funded upgrade requires new hires, see Training EP and Work Holiday Programme documents required and templates. See also our related guide, EDGE Grant Singapore 2026: the unified business grant replacing PSG, EDG and MRA.

Authoritative references: Enterprise Singapore, the Singapore Economic Development Board, and the Infocomm Media Development Authority.

Need help with this? Call, SMS or WhatsApp +65 8501 7133, or email [email protected]. Raffles Corporate Services works with a panel of corporate and employment law firms; this article is general information, not legal advice.