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.