Productivity Solutions Grant (PSG)
What is PSG?
The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes. PSG covers sector-specific solutions including the retail, food, logistic, precision engineering, construction, and landscaping industries. Besides that, PSG also supports the adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management, and inventory tracking. With up to 80% funding support. PSG serves as an avenue for companies to make long-term technology investments and also to kick-start their digitalization efforts. You can apply PSG for pre-approved solution " Xero Accounting Solution" by Cloud Accounting & Consultancy Pte Ltd.
Who can Apply for PSG Grant?
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
How to Apply for PSG Grant?
Obtain a quotation of Xero Cloud Accounting software from us.
(Cloud Accounting & Consultancy Pte Ltd) *We are the pre-approved vendor under PSG IT Solutions.
Submit grant application online via the Business Grant Portal.
SMEs NEED NOT accept quotation at this time.
Applications are processed within 4 to 6 weeks from the submission of all required information. You will receive a letter of offer stating the application is successful as well as the subsidy amount.
Confirm and sign the quotation with Cloud Accounting & Consultancy Pte Ltd
Purchase, set up and start using the Xero Cloud Accounting Software. You have to complete the project within 6 months.
Submit the claim and you should receive reimbursement from government in about 2 months' time.