Government Funding
Introduction :
The HKSAR Government issued in May 2013 the “Hong Kong Blueprint for Sustainable Use of Resources 2013-2022”, setting out a comprehensive strategy to reduce waste and increase recovery and recycling. Effective and sustainable recycling operations are an essential component in our waste management system.
Objective :
To promote the recovery and recycling of waste by facilitating the upgrading of the operational capabilities and efficiency of the recycling industry for sustainable development in order to achieve the policy objectives of waste reduction in Hong Kong as pledged in the Blueprint and to address some of the bottlenecks / constraints in the recycling industry.
Eligibility :
(a)(i) Any enterprise (including but not limited to sole proprietor, partnership, private company and public company) duly established, incorporated and registered under the laws of Hong Kong or its place of incorporation with a valid business registration certificate issued under the Business Registration Ordinance (Cap 310 of the Laws of Hong Kong) for carrying on a business in Hong Kong; and
(a)(ii) The applicant must provide documentary evidence proving its substantive business operations at the time of application; and
(a)(iii) The applicant should have been involved in recycling related operation with a proven track record for at least 1 year before submitting an application to the Recycling Fund.
OR
(b) Bodies and organisations with close connection to the recycling industry including property management companies (PMC) and Owners’ Corporations (OC) registered under the Building Management Ordinance (Cap. 344).
To provide more timely support to the recycling industry, all relevant expenditure incurred for “Standard Project – $1M” as early as after the date of submission of application can be recognised and funded, provided that the application is finally approved by the RFAC and the applicants have followed the prevailing requirements (e.g. with adequate number of quotations) in conducing the procurement process.
Funding Principle :
• Funding ratio : Government : Applicant = 1:1
• Accumulated funding ceiling : no more than HKD15 million
• Maximum approved projects : 10
Funding Amount :
The funding ceiling for each “Standard Project – $1M” application is HK$1 million.
Funding Scope:
Prescribed Items / Machineries:
Press here for details.
Samples of previous approved projects:
• Forklift trucks
• Pallet trucks
• Cranes on trucks
• Hydraulic goodsloaders (tail lift) on trucks
• Metal cages
• Weight scales
• Balers
• ISO 45001 Occupational Health & Safety Management System Certification
• ISO 14001 Environmental Management System Certification
• ISO 9001 Quality Management System Certification
Promotional video:
Source: https://youtu.be/6tt4LBJYihU