Government Grant Available for Singapore SMEs: 2020
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 30th September 2021.
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)
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.
E-Invoicing Registration Grant (ERG)
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
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.