Automation Support Package
Purpose of the Scheme
The ASP, which was introduced at Budget 2016, aims to encourage companies to automate, improve productivity and scale up.
It supports projects that involve larger-scale deployment of automation solutions across the company’s operations, resulting in significant improvements in productivity and manpower efficiency.
ASP consists of the following components:
- Grant support under Enterprise Development Grant for up to 50% of qualifying costs (equipment, training and consultancy), with a grant cap of S$1 million, for both SMEs and non-SMEs to adopt automation solutions.
- Tax Incentive: 100% Investment Allowance for automation equipment.
- Loan: Up to $15 million for automation equipment. Click here for more information on SME Equipment Loan.
Please submit your application under EDG, Innovation and Productivity category. Enterprise Singapore will evaluate the application and advise if you are eligible for the tax and loan incentives under ASP.
Companies may also refer to the list of pre-scoped solutions and equipment on Productivity Solutions Grant (PSG) to support smaller scale automation efforts.
For less extensive automation efforts, companies can continue to explore EDG.
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