RED FORKLIFTS PTE LTD
Productivity Solutions Grant for Electric Pallet Truck
Productivity Solutions Grant
The Productivity Solutions Grant (PSG) supports businesses in the adoption of IT solutions or equipment that improve productivity. Receive up to 80%1 funding support for eligible costs.
Who can apply?
Business entities can apply for PSG if they meet the following criteria:
Registered and operating in Singapore
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
(For selected solutions only) Have a minimum of 30% local shareholding
How to apply?
Access the list of supportable solutions and identify relevant solutions that best suit your business needs.
For IT solutions: Get a quotation from the pre-approved vendor
For Equipment: Source for the equipment and get a quotation from the vendor
Submit an application on the Business Grants Portal (BGP).
You will need to register for a CorpPass account to transact on the portal.
Businesses can choose from a list of pre-scoped solutions.
Use the navigation menu to select the type of solutions you’re interested to find out about and the respective sector your business belongs to.
This listing is not to be taken as a form of endorsement or recommendation by the participating government agencies. Companies are reminded to carry out due diligence when engaging vendors, and not to share the CorpPass with their vendors to carry out submission of any grant application or claims
Solutions supported under the Productivity Solutions Grant are regularly reviewed. Do take note of the current support levels and grant caps.
Electric Pedestrian Pallet Truck
This powered pallet truck is used to transport loads within warehouses, factories. It improves the overall movement control and reduces the amount of effort an operator needs to use when moving loads, as compared to conventional carts and pallet trucks.
The equipment can transport palletised goods of approximately 1000 to 1500 kg.
Grant support: 80% of cost of equipment, up to $2,600 grant per unit.
Details of Solution
Applicants must meet the following eligibility criteria at the point of application:
a) must be registered in Singapore
b) purchase/lease of the IT solution or equipment must be used in Singapore
c) must not have:
Made any payment to a supplier, vendor or third party in relation to the purchase/lease of the IT solution or equipment
Signed any contract with a supplier, vendor or third party in relation to the purchase/lease of the IT solution or equipment
Please refer to ‘Things to Note’ for additional requirements.
Mode of Payment
80% for SMEs
N.A. for non-SMEs
Things to Note
Rechargeable battery powered. Min. recommended battery voltage -24V and rated capacity -10Ah
Rated loading capacity approx. 1000 - 1500kg
1 worker/electric pallet truck
Min. gradeability w/o load - 5%, w load - 3%
Safety features incl. (e.g. emergency stop switch)
Charging accessories & 1 spare battery per unit may be supported
Additional criteria: Minimum 30% ordinary shares (ultimate individual ownership) held directly/indirectly by Singaporean/PR