What is a Productivity Solutions Grant?

Q: What documentation do I need in order to apply for a Productivity Solutions Grant? Every application for the Productivity Solutions Grant requires supporting documents. For the PSG grant, you will need the following documents: (a) an invoice, (b) a receipt, (c) a written acceptance or written confirmation that your company is legally licensed to operate, and (d) a signed authorization that describes the intended use of the Productivity Solutions Grant. Please note that some organizations may require additional documentation from your end in order to process your application.

Q: How long does it take for a Productivity Solutions Grant (PSG) to be approved? Applying for a Productivity Solutions Grant is a fairly straightforward process. Depending on the organization reviewing your application, it can typically be approved within a couple weeks to a couple of months. Keep in mind however, that there are certain times when an organization may take longer to complete the process of reviewing your application.

Q: Are there any frequently asked questions on the Productivity Solutions Grant? The Productivity Solutions Grant is a new development in the global grant industry. Because of this, there are many Frequently Asked Questions on the Productivity Solutions Grant website.

Q: How long does the Productivity Solutions Grant last? The term of a Productivity Solutions Grant is generally two years. An organization's Productivity Solutions Grant is not automatically granted. You will need to apply to have your grant application approved.

Q: Is there funding support for my business in Singapore? As a company that completes a Productivity Solutions Grant in Singapore, you will enjoy a number of excellent benefits. First, your company will be eligible for Productivity Solutions Grant funds from the Government of Singapore. In addition, if you are a company that completes a number of projects in Southeast Asia, your projects may qualify for a number of government and private sector programs that are designed to improve the productivity of Southeast Asian nations. Some of these programs include a Productivity Solutions Grant. If you're a company that completes a number of projects in Southeast Asia, you may also find that your application for a Productivity Solutions Grant from the Government of Singapore will be approved.

Q: Do I have to obtain a Productivity Solutions Grant in order to receive funding? No. In general, once your company completes its Productivity Solutions Grant and satisfies the eligibility requirements outlined by the Productivity Solutions Grant program, then you will not be required to obtain a Productivity Solutions Grant from the Government of Singapore. However, if you would like to be eligible for a Productivity Solutions Grant in order to obtain local shareholding in your project, you may choose to apply to the Singapore Company Registration Department.

Q: How do I find out if I qualify for a Productivity Solutions Grant? To determine if you qualify for a Productivity Solutions Grant, you'll need to contact the companies that you've completed a project with. Contacting the companies directly will allow you to find out their interest levels regarding the Productivity Solutions Grant, as well as how they classify partner agreements and other questions related to their business grants portal. Be sure to include your contact details, so we can send you an application. It's important to remember that all business grants take time to review and consider, and you shouldn't expect a response from a company that you've applied to in a year.

Q: Will the Productivity Solutions Grant from the Government of Singapore to support my business? The Productivity Solutions Grant program was designed to help small businesses that are at risk of closure, and is a great way to secure vital financial assistance for your organisation if it is at risk of closure. This program will cover the costs of implementing the strategic planning, as well as cover the time it would take to implement your plans, if you chose not to use the grant.