BUD

A new round of enhancement measures to the BUD Fund was implemented on 20 January 2020. The enhancement measures are summarised below:

  • Increasing the cumulative funding ceiling per enterprise to HK$4 million, including HK$2 million for projects in the Mainland and HK$2 million for projects in ASEAN and other FTA markets.

  • Increasing the ratio of initial payment from 25% to up to 75% of the total approved government funding.

  • All projects, including those opting for initial payment, can commence upon submission of applications.

  • Allowing more fundable items (including costs for setting up new business entity in the Mainland, procuring/leasing additional machinery/equipment for increasing production capacity under the Mainland Programme, etc.).