The Productivity Solutions Grant (PSG) is designed to assist companies in adopting pre-defined IT solutions and equipment that effectively boost productivity. Companies can claim up to 50% of eligible expenses from the list of pre-approved options.
Criteria to be eligible to apply for PSG:
Employers eligible for the Skills Future Enterprise Credit (SFEC) will be granted a one-time credit of $10,000, which can cover up to 90% of the out-of-pocket expenses incurred for qualifying costs. Fro example, consider the scenario where you can claim a 50% grant from PSG. SFEC further enables you to offset up to 90% of the remaining out-of-pocket expenses that pertain to the unreimbursed 50% covered by PSG.
Criteria to be eligible for SFEC:
All eligible employers have been informed and are not required to apply for SkillsFuture Enterprise Credit (SFEC).
For companies that meet the criteria for SFEC eligibility, the designated Corppass administrator would have received an eligibility letter via email from EnterpriseSG. Employers who fulfill the requirements will find the S$10,000 credit displayed upon logging in to the Business Grants Portal and SkillsFuture Singapore’s SFEC website.
Here is how it appears if you are eligible for SFEC on Business Grants Portal
Please refer to the table below for the qualifying periods and respective eligibility criteria.
1 April 2019 – 31 March 2020
1 July 2019 – 30 June 2020
1 October 2019 – 30 September 2020
1 January 2020 – 31 December 2020
Employers must meet the following conditions over any of the qualifying periods:
1 January 2021 – 31 December 2021
Employers must meet the following conditions over the qualifying period:
*Refers to all Singaporean or Singapore PR employees drawing a salary and with CPF contribution.
Important notice: Employers are required to submit the final claims to the respective agencies for the supportable programmes that they have successfully applied for or training courses that they have completed by 30 June 2024.
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