Can I combine EDG Grant with a claim for Productivity Innovation Credit (PIC)?

Can I combine EDG Grant with a claim for Productivity Innovation Credit (PIC)?

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No, you cannot combine the EDG (Enterprise Development Grant) with a claim for Productivity and Innovation Credit (PIC). Both of these schemes are administered by different government agencies in Singapore and are designed to support different types of activities.

The EDG grant is designed to support businesses in upgrading their capabilities, processes, and systems to improve their competitiveness and productivity. It provides funding support for specific project costs such as consultancy, training, and equipment costs.

On the other hand, the PIC scheme is designed to encourage businesses to invest in productivity and innovation activities such as research and development, automation, and employee training. It provides tax deductions or cash payouts for qualifying expenditures in these areas.

While both schemes aim to support business growth and productivity, they are administered separately and cannot be combined. If you are eligible for both schemes, you will need to choose which one to apply for based on the specific needs and objectives of your business.

The PIC (Productivity and Innovation Credit) scheme has been phased out and replaced by the Enhanced Industry 4.0 (EI4) Package to better align with Singapore's long-term economic goals and priorities.

The EI4 Package is designed to support businesses in adopting Industry 4.0 technologies and processes, which are critical for improving productivity, competitiveness, and sustainability in the long term. It provides funding support for projects such as the adoption of digital technologies, automation, and process improvement.

In contrast, the PIC scheme was designed to encourage businesses to invest in a broad range of productivity and innovation activities, including employee training, research and development, and automation. While the PIC scheme was effective in encouraging businesses to invest in these areas, it was less focused on supporting the adoption of new technologies and processes, which are increasingly important for businesses to remain competitive.

The EI4 Package is a more targeted and focused scheme that aims to help businesses transition to the next stage of industrial development by adopting advanced technologies and processes. By focusing on these areas, the government hopes to support the growth of high-value sectors and create more quality jobs for Singaporeans.


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