KEY HIGHLIGHTS
- PSG Grant 2026 continues to fund pre-approved IT solutions and equipment for Singapore SMEs.
- Funding support covers up to 50% of qualifying costs, subject to sector rules and Budget updates.
- Applications must be submitted via the Business Grants Portal before signing any vendor contracts.
Singapore SMEs face rising labour and compliance costs in 2026, making productivity gains essential. The Productivity Solutions Grant (PSG) remains one of the most accessible government schemes to support digital adoption and automation.
PSG Grant 2026 Overview
| Item | Details |
|---|---|
| Funding Support | Up to 50% of qualifying costs |
| Administered By | Enterprise Singapore |
| Application Platform | Business Grants Portal (BGP) |
| Coverage | Pre-scoped IT solutions & approved equipment |
| Usage Requirement | Solutions must be deployed in Singapore |
What Is the PSG Grant in 2026?
The Productivity Solutions Grant helps SMEs adopt pre-approved, off-the-shelf solutions to improve operations. These solutions are vetted by agencies such as IMDA to ensure relevance, pricing transparency, and compliance.
For 2026, PSG remains a core pillar of the SMEs Go Digital initiative, focusing on fast deployment rather than customised system builds.
Key Focus Areas Under PSG 2026
Digital Operations
Cloud accounting, CRM systems, HR management software.
Automation
Retail point-of-sale systems, F&B kitchen equipment, logistics tracking tools.
Sustainability Reporting
Carbon tracking and energy efficiency solutions aligned with national sustainability goals.
Online Sales Enablement
E-commerce storefronts and omnichannel inventory systems.
Eligibility Criteria for PSG Grant 2026
To qualify, businesses must meet all baseline conditions:
- Registered and operating in Singapore
- At least 30% local shareholding
- Annual turnover ≤ S$100 million OR ≤ 200 employees
- Solution used locally
- No payment or contract signed before approval
Some sectors may face additional requirements. Always verify on GoBusiness before applying.
Common PSG-Approved Solutions in 2026
Accounting & Finance Software
Automated invoicing, GST submission integration, and real-time cash flow reporting.
HR Management Systems
Payroll processing aligned with CPF and MOM rules, leave and claims automation.
Customer Relationship Management (CRM)
Sales tracking, customer engagement history, and marketing workflow automation.
E-Commerce Platforms
Online store setup with synced inventory across physical outlets and marketplaces.
Industry Equipment
Automated dishwashers, smart ovens, warehouse sorting and picking systems.
How to Apply for PSG Grant 2026
Step 1: Identify Productivity Gaps
Focus on time-consuming or error-prone processes.
Step 2: Select a Pre-Scoped Vendor
Choose from approved vendors listed on GoBusiness and request a quotation.
Step 3: Prepare Documents
Corppass access, vendor quotation, ACRA details, and financial statements if required.
Step 4: Submit via BGP
Clearly state expected productivity gains, such as reduced man-hours.
Step 5: Await Approval
Processing typically takes 4–8 weeks. Do not commit funds early.
Step 6: Implement and Claim
After implementation, submit claims through BGP for reimbursement.
[Link to Official Source – Apply Here]
Why This Matters
Government support alone does not guarantee business improvement. PSG works best when aligned with a clear operational goal. SMEs that apply strategically often see faster ROI, better compliance, and improved workforce efficiency. Poor planning, however, leads to delayed claims or rejected applications.
Important Claim Tips for 2026
- Link your business bank account to PayNow Corporate
- Keep invoices, proof of payment, and system usage records
- Submit claims within the approved project timeline, usually six months
PSG vs Other SME Grants in 2026
- Enterprise Development Grant (EDG): Larger, customised transformation projects
- SkillsFuture Enterprise Credit (SFEC): Covers remaining out-of-pocket costs
- Market Readiness Assistance (MRA): Overseas expansion support
Frequently Asked Questions
Can I apply for more than one PSG solution?
Yes, subject to annual funding caps per SME.
Are startups eligible?
Yes, if they meet shareholding rules. Some solutions require minimum operating history.
Is 50% funding guaranteed?
No. Final rates depend on Budget announcements and sector policies.
Can I switch vendors after approval?
Usually no. Vendor changes often require reapplication.
What causes PSG rejections?
Early payments, ineligible ownership structure, or weak productivity justification.
