Unlock Business Growth with SG Government Grants

Singapore has long been known as one of the most business-friendly countries in the world. One major reason? Its comprehensive support system for small and medium-sized enterprises (SMEs), including a wide range of government grants to help local businesses grow.

Whether you’re a startup looking to digitalise, a growing SME aiming to expand overseas, or an established brand wanting to upskill your workforce, there’s a grant for that.

In this article, we’ll explore three of the most powerful funding schemes available:

• Productivity Solutions Grant (PSG)
  
  
• SkillsFuture Enterprise Credit (SFEC)
  
  
• Enterprise Development Grant (EDG)
  
  

We’ll also show how JWC Accounts & HR can support your journey—saving time and improving your approval chances.

1. Productivity Solutions Grant (PSG)

For digital adoption and automation

The Productivity Solutions Grant (PSG) helps SMEs adopt pre-approved IT solutions and equipment that improve productivity. Instead of trying to navigate hundreds of tech options, you get access to a curated list of tools that are already evaluated by the government.

✅ What it covers:

• Accounting software (e.g., Xero, QuickBooks)
  
  
• Point-of-sale (POS) systems for retail and F&B
  
  
• Payroll and HR systems
  
  
• Inventory and order management tools
  
  
• Cybersecurity solutions
  
  

💰 Funding support:

• Up to 50% of the cost of the solution
  
  
• Capped at S$30,000 per company
  
  

📌 Who’s eligible:

• Registered and operating in Singapore
  
  
• At least 30% local shareholding
  
  
• Group turnover ≤ S$100M or ≤ 200 employees
  
  
• Not yet signed or paid for the solution
  
  

🧭 How to apply:

1. Choose a pre-approved solution and vendor from GoBusiness.
   
   
2. Get a formal quotation.
   
   
3. Submit your application via the Business Grants Portal (BGP).
   
   
4. Wait for approval before proceeding with payment or implementation.
   
   

🛠 Example:

A small retail chain uses PSG to implement a cloud-based POS and inventory system. The new system reduces stockouts and speeds up checkout, improving both customer satisfaction and staff efficiency.

2. SkillsFuture Enterprise Credit (SFEC)

For workforce and enterprise transformation

The SkillsFuture Enterprise Credit (SFEC) encourages businesses to invest in both workforce upskilling and enterprise improvement.

What makes SFEC unique is that it’s automatically given to eligible companies—you don’t apply for it directly.

✅ What it covers:

• Training courses aligned with Industry Skills Frameworks
  
  
• Job redesign and career conversion programs
  
  
• Grants like PSG and EDG (SFEC can top up the company’s out-of-pocket portion)
  
  

💰 Funding support:

• S$10,000 one-off credit
  
  
• Covers up to 90% of your company’s out-of-pocket expenses (after other grants)
  
  

📌 Who’s eligible:

• At least 3 local employees (citizens or PRs)
  
  
• Active business contributing to the Skills Development Levy (SDL)
  
  
• Must not have previously received SFEC
  
  

🧭 How to use:

1. Apply for a qualifying training or transformation initiative (e.g., PSG or EDG).
   
   
2. During the claim stage, the SFEC will automatically offset up to 90% of your remaining costs.
   
   

🛠 Example:

A logistics company uses SFEC to enrol its operations staff in automation training while claiming PSG to install fleet management software. The total cost is heavily subsidised, accelerating both tech adoption and staff capabilities.

3. Enterprise Development Grant (EDG)

For business transformation and expansion

The Enterprise Development Grant (EDG) supports companies in undertaking larger, more strategic projects that help them grow, innovate, or enter new markets.

While PSG is tool-specific, EDG supports customised initiatives with longer-term impact.

✅ What it covers:

Three key project categories:

1. Core Capabilities – branding, business strategy, financial planning
   
   
2. Innovation & Productivity – automation, product redesign, AI
   
   
3. Market Access – expansion into overseas markets
   
   

💰 Funding support:

• Up to 50% of project costs for SMEs
  
  
• Up to 70% for sustainability-related projects under the Enterprise Sustainability Programme
  
  

📌 Who’s eligible:

• Registered and operating in Singapore
  
  
• Minimum 30% local shareholding
  
  
• Financially able to start and complete the project
  
  

🧭 How to apply:

1. Develop a detailed project proposal (include goals, timeline, and cost breakdown).
   
   
2. Submit application via the Business Grants Portal.
   
   
3. Work with a certified consultant (for certain categories).
   
   
4. Upon approval, begin the project and submit claims after completion.
   
   

🛠 Example:

A Singaporean food brand looking to expand to Malaysia applies for EDG to support branding development, regulatory market research, and hiring a cross-border consultant. With EDG covering 50% of costs, the expansion is both faster and more sustainable.

How These Grants Work Together

Many businesses can combine these grants strategically. For example:

• Use PSG to adopt digital tools
  
  
• Tap SFEC to offset your out-of-pocket costs
  
  
• Apply for EDG for deeper transformation like rebranding or expansion
  
  

This layered support ensures you’re not just growing faster, but smarter and more sustainably.

Common Mistakes to Avoid

Even with generous grants, many applications get rejected or delayed due to:

❌ Submitting after buying the solution
❌ Incomplete or weak project proposal
❌ Engaging non-approved vendors (for PSG)
❌ Overlooking available credits like SFEC

That’s why expert guidance matters.

Let JWC Accounts & HR Handle the Heavy Lifting

Navigating the grant ecosystem requires time, clarity, and strategy. If you're not sure where to start—or you simply don’t have time to manage applications—JWC Accounts & HR is here to help.

Here’s how we support you:

🔍 Grant Matching

We analyse your business needs and recommend the most relevant funding options—PSG, EDG, SFEC, or a combination.

✍️ Proposal Assistance

We help prepare all supporting documents and craft proposals that clearly explain your project goals, scope, and expected outcomes.

📤 Application Submission

We manage your grant applications end-to-end—from portal submission to follow-ups and clarifications.

✅ Claim Support

After your project is complete, we assist with post-implementation reporting, invoice compilation, and submission of your claim.

📈 Maximise Your Grant Value

We help you leverage SFEC credits on top of PSG and EDG to reduce your overall business expenses.

Take the First Step Toward Smarter Growth

Singapore’s government grants are powerful tools—but only if you know how to use them effectively.

Whether you’re investing in technology, training your team, or entering new markets, there’s funding support available. Don’t leave that opportunity on the table.

Let JWC Accounts & HR help you unlock the support you deserve—quickly, clearly, and with full confidence.