How Do Get PSG Grant For Singapore Businesses?

productivity solutions grant

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A PSE-GC (Public Sector Enterprise) Grant or PSG grant is a government grant designed to boost local companies’ competitiveness and productivity. It provides funding to small businesses whose annual revenue does not exceed $20 million and who do not have access to commercial financing.

[embed]Productivity Solutions Grant (PSG) | PSG Grants - QuickHR HRMS SMEs can apply for PSG if they meet the following criteria: Registered and operating in Singapore…quickhr.co

The PSG grants are provided under four categories:

• Start-up Grants — These are intended for the establishment of a company. They cover set-up costs including legal fees, accounting services, HR staff training and start-up capital.

• Expansion Grants — This category aims to develop and strengthen companies.

[embed]HRM Software Singapore Pricing | Best HRIS Singapore | QuickHR If your business is eligible for the PSG then the next step would be applying for it. The steps on how to apply will be…quickhr.co

• Maintenance Grants — To improve competitiveness and productivity, these are granted to companies that are already operating.

• Research Grants — These are awarded to innovative ideas that could lead to future products and technologies.

To qualify for the PSG grants, the following criteria should apply:

• Your company must be registered for GST;

• You must have been operating for at least 12 months prior to applying;

• Your average monthly sales must be less than S$10 million; and,

• Your total assets should not exceed $50 million.

This is not an exhaustive list of what constitutes a qualifying company, as we understand that each case is unique. We will advise you on how best to structure your business, and how to meet the eligibility requirements.

QuickHR is a pre-approved digital solution for Enterprise Singapore’s Productivity Solutions Grant (PSG) and a Skills-Future Enterprise Credit (SFEC) supportable programme.

Find out about the different grants available today and discover the best HR software for SMEs in Singapore.

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Please contact us if you would like further information about the PSG grant.

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