BUD Fund
Mainland Programme / FTA & IPPA Programme
Objective :
To provide funding support to non-listed Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in targeted markets of the BUD Fund.
Targeted markets :
• Mainland China
• ASEAN countries : Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand & Vietnam
• Economies with which Hong Kong has signed Free Trade Agreements (FTAs) : Australia, Chile, Iceland, Liechtenstein, Norway, Switzerland, Georgia, Macao & New Zealand
New Zealand
• Economies with which Hong Kong has signed Investment Promotion and Protection Agreements (IPPAs) :
– effective from July 2021 : Japan & Korea
– effective from Feb 2022 : Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom
Eligibility :
All non-listed enterprises registered in Hong Kong under the Business Registration Ordinance (Chapter 310) with substantive business operations in Hong Kong are eligible to apply.
Funding Amount :
• Funding ratio : Government : Applicant = 1 : 1
• Maximum 60 approved projects
• Accumulated funding ceiling : HKD 6 million
Scope of Funding :
(Source of graphic : BUD Secretariat)
Application and Grant Disbursement Process :
(Source of graphic : BUD Secretariat)
News :
2022.02.14 : New enhancements further rolled out
(Source of graphic : BUD Secretariat)
2021.07.30 : New enhancements officially launched
(Source of graphic : BUD Secretariat)
2021.03.24 : The HKSAR Government announced the extension plan as below
💰 Phase 1 (July 2021) : To include Japan and the Republic of Korea
💰 Phase 2 (Q1, 2022) : To include Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden & the United Kingdom
💰 Phase 3 (Q2, 2022) : To include Kuwait & the United Arab Emirates