A Quick Guide on the PSG Digital Marketing Grant

by Radhika Pawar creative content writer

To stay competitive in this modern day and age, it is essential for traditional brick-and-mortar shops to adapt and adopt a digital storefront to survive. And this is easy to see considering the vast majority of consumers now turn to the internet when in dire need of the best goods and services.

 

But with most SMEs already struggling financially, it is an uphill task for them to adopt IT solutions. Recognizing this hardship, the Singapore Government offers the productivity solutions grant (PSG). Here’s what you need to know about this popular digital marketing grant.

 

Up to 70% Financing

When the PSG grant was introduced in 2018, businesses in Singapore were only granted up to 70% funding out of the total cost they incurred. Actually, the funding support was increased to 70% in April 2020 to offer additional relief for eligible companies. But with the launch of the PSG grant Singapore in October 2021, the government has decided to provide SMEs with the same level of support.

 

Ideal for Local Businesses in Singapore

It is worth mentioning that SMEs in Singapore need to fulfill a list of criteria to successfully apply for the PSG digital marketing grant. Keep in mind your company can only apply for the grant if it is registered and operating in Singapore. The business should also have a minimum of 30% local shareholding, with Company’s Group annual sales turnover of less than SGD$100 million, or less than 200 employees.

 

Of course, there is a lot more to know before commencing your search for a company offering PSG-approved marketing services in Singapore. Only then can you take advantage of what the PSG grant offers.

 

Wrapping Up

While you might be in a hurry to check the PSG grant vendor list, it is in your best interesttofind out more about this grant before taking the next step of action. After all, you want to be sure it is what your SME in Singapore needs to thrive. The good news is a reputable PSG vendor can also help you clear some of the doubts you might be having regarding this grant.

 

One such vendor worth counting on is the renowned MediaOne Marketing. Be sure to get in touch with them today and examine what they have in store for your business. It is then that you can complete the application process without feeling the heat.           

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Created on Apr 30th 2024 04:04. Viewed 46 times.

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