Question

Mr Liang Eng Hwa: To ask the Minister for Trade and Industry (a) what is the number of companies that have obtained grants under the Productivity Solutions Grant in the last three years; (b) what is the average amount of grant awarded; and (c) how many applicants are unsuccessful.

Written Answer by Minister for Trade and Industry Gan Kim Yong

1. In the last three years, about 36,400 companies have received support under the Productivity Solutions Grant (PSG). The average quantum of support for PSG was about S$6,600 per project. Close to 95% of all complete submissions were approved.