Government Grant Available for Singapore SMEs: 2022
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Productivity Solutions Grant (PSG) for MYOB / ABSS Accounting Software
For companies looking to kick-start their adoption of technology e.g. MYOB / ABSS Accounting Software to enhance productivity. Maximum support level has been raised from 70% to 80% from 1st April 2020 to 31st March 2022 and reduced back to 70% from 1st April 2022 onwards.
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Productivity Solutions Grant (PSG) for SQL Accounting Software
For companies looking to kick-start their adoption of technology e.g. SQL Accounting Software to enhance productivity. Maximum support level has been raised from 70% to 80% from 1st April 2020 to 31st March 2022 and reduced back to 70% from 1st April 2022 onwards.
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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.
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Digital Resilience Bonus (DRB) - Ended 30th June 2021
DRB is targeted or exclusive to F&B and Retail enterprises to receive up to S$10,000 bonus for adopting pre-defined digital solutions to digitalise and quickly adapt to the new post-COVID-19 norms. To qualify for DRB, companies must be incorporated on or before 26th May 2020 and meet the mandatory criteria to be eligible for the bonus.
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Productivity Solutions Grant (PSG) for Laptop - Ended 31st December 2020
Laptop-bundled remote working solutions has been added to help enterprises implement COVID-19 businesses continuity and social distancing measures.
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E-Invoicing Registration Grant (ERG) - Ended 31st December 2020
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.