How to Claim PSG for Speed Limiters Before March 2027

If you run lorries in Singapore, here is the short version worth acting on today: fitting a speed limiter is now the law for many vehicles, and the government will pay up to half the cost through the Productivity Solutions Grant, but only if you apply before 31 March 2027. Miss that window and you pay full price for something you are legally required to have anyway.

That deadline is the part most operators get wrong. They assume the grant is available right up until their installation is due, but the funding window and the installation deadlines are two different dates, and the money runs out first.

I want to walk you through exactly what the PSG grant covers, who can claim it, how to apply the right way, and the one mistake that quietly disqualifies businesses. Let us get your claim in before the door closes.

Why the PSG Grant for Speed Limiters Exists

The grant exists because Singapore made speed limiters mandatory for many lorries, and the government wants to help SMEs absorb the cost.

The Singapore Police Force now requires lorries with a maximum laden weight between 3,500kg and 12,000kg to be fitted with a speed limiter that caps them at 60 km/h. That is a real, unavoidable expense landing on thousands of small transport businesses.

To soften the blow, Enterprise Singapore made the installation claimable under the Productivity Solutions Grant, the same scheme SMEs use to co-fund approved productivity tools and equipment.

In other words, a cost the law forces on you is one the state will share, if you claim it in time. Our guide to the Singapore speed limiter rules covers the mandate itself, and the LTA compliance guide for fleet operators explains where it sits in the wider rulebook. This article is about the money side: getting the grant while it is still there.

What the PSG Grant Actually Covers

The PSG grant covers up to 50% of your eligible speed limiter costs, capped at S$30,000 per company per financial year. That is a straight halving of the bill on a legally required upgrade, which is about as good as compliance spending gets.

Two details matter here. First, the 50% is of eligible costs, so the device and its approved installation, not unrelated extras. Second, the S$30,000 annual cap is shared across all your PSG claims in the financial year, which runs from 1 April to 31 March, not just this one.

If you are planning other PSG-funded solutions in the same year, factor that in so the cap does not catch you by surprise. For most single-fleet lorry operators fitting limiters, the cap is comfortably above what you will claim, so the practical takeaway is simple: expect roughly half your speed limiter cost back.

The Deadline That Actually Matters: 31 March 2027

The date to circle is 31 March 2027, when the PSG application window for speed limiters closes. The grant is open from 1 October 2025 to 31 March 2027, and this is the deadline that quietly trips people up, because it is not the same as your installation deadline.

Here is the trap. Your legal deadline to install depends on when your lorry was registered and how heavy it is, and some of those deadlines fall after the grant window shuts.

So you could be perfectly on time for the installation law and still miss the funding entirely. The lesson is to claim as early as you can, tied to the grant window, not your install deadline.

If your installation deadline lands in mid-2027, your instinct might be to wait. Do not. The grant does not wait with you. Apply well before 31 March 2027, and note that the funding is aimed at lorries whose installation deadlines have not already passed, so acting early protects your eligibility as well as your funding.

Who Is Eligible for the PSG Speed Limiter Grant

Eligibility follows the standard PSG rules for local SMEs. If you are a Singapore-registered business fitting limiters to vehicles used here, you are very likely to qualify, but check each box before you count on the money.

To be eligible, your company should be registered and operating in Singapore, have at least 30% local shareholding, and have a group annual sales turnover of not more than S$100 million or a group employment size of not more than 200 workers. The vehicles being fitted must be used in Singapore.

These are the usual PSG SME thresholds, and most local lorry operators clear them easily. Because grant terms can be updated, confirm your specific eligibility on the official Business Grants Portal before you commit, rather than assuming.

How to Claim the PSG Grant, Step by Step

Claiming is straightforward if you do it in the right order, with approval before payment. The sequence is what protects your claim, so follow it exactly.

Get a quote from an Authorised Agent

Speed limiters must be fitted by an Authorised Agent, and there were 61 of them as of 1 October 2025. Choose one and get a written quotation for the device and installation. This quote is the backbone of your application, so make sure it is itemised and clear. Our Singapore installation support page can point you toward getting your vehicles sorted.

Apply on the Business Grants Portal first

Submit your PSG application through the Business Grants Portal on GoBusiness, using your company’s Corppass, and attach the quotation. This step comes before any money changes hands. Applying first is not a formality, it is the rule that keeps your claim valid.

Wait for approval before you install or pay

Do not pay a deposit, settle an invoice, or begin installation until your application is approved. Committing spend before approval is the single most common way businesses disqualify themselves, which I will come back to, because it is that important.

Install, then submit your claim

Once approved, go ahead with the installation through your Authorised Agent, keep every invoice and the completion paperwork, then submit your claim to receive your funding. Keeping clean records here makes the payout smooth, much like the speed limiter certificate records you keep for compliance.

The Costly Mistake to Avoid

The mistake that kills claims is paying your installer or starting work before your application is approved. PSG funds solutions you apply for in advance, so any payment or deposit made to an agent before you submit your application can make you ineligible, and no amount of appealing afterward fixes it.

This catches out well-meaning operators who, feeling the pressure of an installation deadline, rush to book and pay an agent, then try to claim the grant later. By then it is too late. The discipline is simple but non-negotiable: quote first, apply first, approval first, and only then spend. Treat the approval email as your green light for payment, and you will never fall into this trap.

Why Acting Now Beats Waiting

Waiting costs you in more ways than one, so the smart move is to start your claim months ahead of any deadline. The grant window, the agent capacity, and the penalties all push in the same direction: act early.

The funding window closes on 31 March 2027 and will not reopen for this purpose, so a claim not made by then is money simply left on the table. As deadlines near, the Authorised Agents get busier and installation slots fill up, so late movers face queues on top of full prices.

And the cost of not complying at all is steep: the current fine reaches up to S$1,000, a proposed 2026 change would raise the maximum to S$10,000, and a non-compliant lorry fails its mandatory inspection and cannot legally be driven, which our Singapore fleet checklist to avoid fines covers in detail. Getting a compliant speed limiter fitted early, with half the cost funded, is the calm and cheap path. Waiting is the expensive one.

A PSG Speed Limiter Claim Checklist

Work through this in order and your claim stays clean.

Frequently Asked Questions

Can I really get 50% off speed limiters through PSG?

Yes. The Productivity Solutions Grant covers up to 50% of eligible speed limiter costs for qualifying local SMEs, capped at S$30,000 per company per financial year. You must apply and be approved before you pay, and claim within the grant window that closes on 31 March 2027.

When does the PSG speed limiter grant end?

The application window runs from 1 October 2025 to 31 March 2027. After 31 March 2027, new applications for this funding cannot be submitted, so you should apply well before then even if your installation deadline falls later in 2027.

Who qualifies for the PSG grant?

Local SMEs registered and operating in Singapore, with at least 30% local shareholding, and a group annual turnover of not more than S$100 million or not more than 200 employees. The vehicles being fitted must be used in Singapore. Confirm your specific eligibility on the official Business Grants Portal.

Can I pay the installer first and claim the grant later?

No. You must apply and receive approval before making any payment or deposit to an Authorised Agent. Paying or starting installation before approval can disqualify your claim entirely, so always secure approval first.

What happens if I miss the grant window?

If you apply after 31 March 2027, you lose the funding and pay the full cost of a speed limiter you are still legally required to fit. Non-compliance also risks fines and a failed vehicle inspection, so missing the window means paying more for the same mandatory upgrade.

Final Thoughts

The speed limiter on your lorry is not optional anymore, but paying full price for it is. The Productivity Solutions Grant hands you back up to half the cost, and all it asks in return is that you apply properly and apply in time. Get a quote from an Authorised Agent, apply through the Business Grants Portal before you spend a cent, wait for approval, then install and claim. Do that before 31 March 2027 and a legal obligation becomes a half-price upgrade. Leave it too late and you pay for the delay twice, in lost funding and in the queues and penalties that come with waiting. The window is open now, so this is the moment to use it.