EDGE Grant for Xero (formerly PSG): How SMEs Get 50% Off

If you run a Singapore SME and you're thinking about moving to cloud accounting, the government will cover up to half the cost. Until 29 September 2026 that support came through the Productivity Solutions Grant (PSG). From 30 September 2026 it comes through the new EDGE grant.

The grant is real, the process is simple, and Xero (the platform we run all our clients on) is a pre-approved solution. The catch isn't the application; it's the timing. You must apply before you sign with a vendor or pay anything.

This guide covers what changed from PSG to EDGE, who is eligible, what it costs, the application steps and the mistakes that get applications rejected.

Already applied under PSG? Applications submitted before 30 September 2026 continue under PSG, and you can submit your claim once your project is complete.

What is the EDGE grant?

The EDGE grant is Enterprise Singapore's main business grant. It replaced the Productivity Solutions Grant (PSG), the Enterprise Development Grant (EDG) and the Market Readiness Assistance (MRA) grant on 30 September 2026. EDGE is not an acronym; Enterprise Singapore says the name reflects its aim of giving businesses an edge over competitors.

EDGE covers business areas including automation and digitalisation, business strategy, financial management, innovation, internationalisation, standards and sustainability. Cloud accounting software like Xero falls under digital solutions.

For pre-approved digital solutions like Xero, EDGE works much like PSG did:

• You choose a pre-approved solution from a pre-approved vendor
• The grant covers up to 50% of the qualifying cost
• Each company can receive up to S$100,000 in EDGE support a year across all activities, of which up to S$30,000 can go to digital solutions, integrated enterprise systems and selected automation
• The cap resets every 1 April

Important to note upfront: EDGE is a reimbursement, not an upfront discount. You pay the vendor in full, then claim the grant after the project is complete.

Are you eligible?

Two tests, both of which must be met:

1. Registered in Singapore. The business must be a Singapore-registered entity, and the solution must be used in Singapore.
2. At least 30% local shareholding. Singapore citizens and/or PRs must hold at least 30% of the company.

Under PSG there was also an SME size test (group turnover up to S$100 million or up to 200 employees). EDGE supports both SMEs and larger companies, with SMEs getting higher support on many activities. For Xero, the support level for your company is shown on the Business Grants Portal, and we confirm it when we prepare your quotation.

The 30% local shareholding rule still trips up founders with overseas backers. Check your cap table before applying.

Is Xero on the approved list?

Yes. Xero is a pre-approved accounting and cloud accounting solution, and Harvest is a pre-approved vendor on IMDA's SMEs Go Digital. Enterprise Singapore asks businesses to choose from the pre-approved vendor list where an activity has one, because those vendors have been assessed for credibility.

Every Harvest package includes a 12-month Xero subscription for unlimited users. Setup covers the chart of accounts, bank feeds, AR/AP import and opening balances. Training is 4 hours for unlimited staff, and packages 4 and 5 include migration of your historical figures (up to 600 lines). As 2025 Xero Partner of the Year for Singapore and a Xero Platinum Partner, we've handled hundreds of migrations and can tell you honestly whether Xero fits your business.

How much does it actually cost?

Harvest offers five EDGE-supported Xero packages. After 50% grant support, you pay S$385 to S$1,585, excluding GST (GST is not covered by the grant):

Add-ons: extra professional services days and extra 4-hour training sessions. See the EDGE Grant for Xero page for the full breakdown and a quotation form.

Have unused SkillsFuture Enterprise Credit? It can still offset part of your out-of-pocket cost, but final SFEC claims are due by 30 November 2026.

The Xero subscription itself, after the included 12 months, reverts to the standard Xero Singapore plan pricing. Ongoing subscription is a normal operating expense and is generally not claimable under the grant.

The application process, step by step

You apply on the Business Grants Portal (BGP) using your company's Corppass. The flow looks like this:

1. Get a quotation from a pre-approved vendor. Check that the vendor and solution are on the pre-approved list.
2. Log in to the BGP with Corppass and apply under EDGE.
3. Submit before you sign or pay. This is still the single biggest rejection trap.
4. Wait for the outcome. Processing time depends on the activity, and Enterprise Singapore publishes it on the BGP.
5. Accept the Letter of Offer on the BGP.
6. Complete the project. We deliver the Xero setup, migration and training.
7. Pay in full and submit your claim with invoices and proof of payment.
8. Receive the reimbursement in your company's bank account.

What documentation do you need?

For the application itself:

• A formal quotation from a pre-approved vendor, detailing costs for the Xero subscription, setup, training and any other claimable components
• Corppass access for the Business Grants Portal
• Basic company details (UEN, financial particulars) to support the eligibility check

For the claim, after the project is done:

• Vendor invoices for the full amount
• Proof of payment (bank statements or transfer confirmations)
• Your company's bank details, as requested on the BGP
• Project completion evidence as specified in your Letter of Offer

We provide the quotation, invoices and completion documents you need, and guide you on what goes where. You submit the application and the claim yourself, so the grant stays in your company's name.

What Harvest handles vs what you do

Splitting it out clearly so there are no surprises:

Enterprise Singapore requires the company itself to log in and submit, not the vendor. Everything else flows through us.

The five most common reasons applications get rejected

We've seen these patterns enough times to flag them clearly:

1. Signing the contract or paying the vendor before applying. This is the single biggest cause of rejection. The grant only funds projects that haven't started yet. If you've already paid even a deposit, the project is deemed to have commenced and is no longer eligible.

2. Failing the 30% local shareholding test. Companies with majority foreign investors don't qualify. There's no workaround; you have to meet the 30% threshold at application time.

3. Vendor or solution not on the pre-approved list. Where an activity has a pre-approved list, only those vendors and solutions qualify. If you've already engaged a non-approved consultant, the costs aren't claimable, even retroactively.

4. Running out of your digital solutions cap. Under EDGE, digital solutions share a S$30,000 yearly limit within the S$100,000 overall cap, which resets every 1 April. If you've already claimed for HR, e-commerce or inventory software this year, your headroom for Xero may be smaller.

5. Incomplete or inconsistent documentation. Mismatched figures between the quotation, application and final invoices will pause your claim while Enterprise Singapore queries the discrepancy. Keep everything consistent.

Timing the application

The order matters. Here's the right sequence:

1. Decide you want Xero
2. Get a quotation from Harvest (or another pre-approved vendor)
3. Submit the EDGE application via the Business Grants Portal
4. Wait for the Letter of Offer
5. Accept the Letter of Offer, then sign the engagement contract with us
6. Project starts
7. Project completes
8. Claim submitted and processed, then funds disbursed

Skipping ahead, especially signing the contract before the Letter of Offer arrives, voids the application. We've seen founders excited to get started sign with us, then realise the project no longer qualified because the timeline got out of sequence. The rule is: grant application first, contract second.

What about ongoing Xero subscriptions?

The grant focuses on the implementation and adoption phase. The Harvest packages above bundle 12 months of Xero subscription into the initial claim; once that included year ends, you continue at Xero's standard Singapore plan pricing. The ongoing monthly fee is your normal operating expense and is generally not claimable.

If you're switching from a non-cloud system to Xero, the setup, migration and training elements outweigh the first year of subscription anyway, so the 50% saving on the bigger setup component is where most of the value sits.

What happens if my application is rejected?

Rejection is recoverable in some cases (incomplete documentation, eligibility queries that can be clarified) and not in others (signed contracts, foreign-majority ownership). If your application is rejected, Enterprise Singapore typically issues a notification with the reason. Common next steps:

• If it's a documentation issue: re-submit with the missing items or corrections.
• If it's a timing issue (already signed or paid): the project itself is no longer claimable, but you can apply for the next eligible project.
• If it's an eligibility issue (shareholding): no workaround within the same application; revisit the structure first.

We typically catch these issues at the quotation stage so the formal application doesn't fail at all.

PSG vs EDGE: what changed?

Applications submitted under PSG before 30 September 2026 continue to be processed, and you can claim once your project is complete. The EDGE grant FAQ has Enterprise Singapore's full answers on the transition.

Frequently asked questions

I applied under PSG before 30 September. What happens now? Your application continues under PSG. Once your project is complete, submit your claim as normal.

Do I need to repay the grant if I stop using Xero? No. Once the grant has been disbursed and the project is complete, the funds are yours. You're not locked into a minimum subscription period from the grant's perspective (though you may have separate vendor contract terms).

Can a brand-new company apply for the EDGE grant? Yes, as long as it's registered in Singapore and has at least 30% local shareholding. We confirm your support level when we prepare your quotation.

How does EDGE relate to SMEs Go Digital? SMEs Go Digital, run by IMDA, lists the pre-approved digital solutions. Before 30 September 2026 PSG funded them; the EDGE grant now does.

Can I use EDGE and other grants for the same project? You can't claim the same cost item under more than one grant. Since EDG, MRA and PSG are now all part of EDGE, different activities draw on the same S$100,000 yearly cap.

How long does EDGE approval take? It depends on the activity. Enterprise Singapore shows the timeline on the Business Grants Portal, so apply well before you want to start.

What if I'm already a Xero customer? The grant funds the implementation phase. If you're already on Xero and just want to add features (advanced reporting, integrations), it may not qualify as a fresh implementation. Check with us first; we'll tell you honestly whether your case fits.

Ready to find out if you qualify?

Most Singapore SMEs we work with qualify without realising it. The 30% local shareholding test is the one to check.

Book a free EDGE grant eligibility check, no obligation. We'll confirm whether you qualify, scope the right package from our EDGE Grant for Xero page and guide you through the application.