, Hong Kong
Source: Arnie Chou (Pexels)

Trade department increases business fund schemes

This covers the Bud Fund and EMF.

Hong Kong’s Trade & Industry Department has raised the funding ceiling for the Dedicated Fund on Branding, Upgrading & Domestic Sales (Bud Fund) to $7m from $6m initially. 

It also increased the maximum number of approved projects per enterprise to 70 from 60. 

Read more: Situation of SMEs improves but remains unfavourable

Moreover, the department raised the funding ceiling per enterprise under the SME Export Marketing Fund to $1m from the initial $0.8m. 

The special measure to expand the funding scope has also been extended to 30 june 2026.

 

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