Government Grant Available for Singapore SMEs: 2023
Productivity Solutions Grant (PSG) for SQL Account
For companies looking to kick-start their adoption of technology with pre-qualified IT solutions and equipment that enhances productivity and business workflow. Maximum support level has been raised from 70% to 80% from 1st April 2020 to 31st March 2022 and reduced back to 70% effective from 1st April 2022 onwards.
New! From 1st April 2023, companies can receive up to 50% support for PSG.
SkillsFuture Enterprise Credit (SFEC)
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
Digital Resilience Bonus (DRB) - Ended
The DRB is given on top of enhanced digitalisation assistance provided under the SMEs Go Digital programme. Food Services and Retail enterprises that have PayNow Corporate accounts without suffix, e-invoicing, and use pre-defined categories of digital solutions for Business Processes, Digital Presence and Data Mining and Analytics can receive bonus payouts of up to $10,000. Valid until 30th June 2021.
E-Invoicing Registration Grant (ERG) - Ended
The ERG is a new scheme to help businesses in Singapore to digitalise. As businesses look for digital solutions to enable their staff to work remotely, the Grant will directly assist businesses enable e-invoicing features on their existing or new solutions, allowing their finance staff to work remotely. Eligible company will receive a one-time payment $200 through PayNow Corporate.
Productivity Solutions Grant (PSG) for Laptop - Ended
Laptop-bundled remote working solutions has been added to help enterprises implement COVID-19 businesses continuity and social distancing measures. The support for COVID-19 business continuity measures will end on 31 Dec 2020.