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Application Process & Disbursement of Fund

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Eligibility & Application

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 ceiling per project

HK $1 million

Cumulative funding ceiling per enterprise

Maximum number of approved projects is 40 and the cumulative funding ceiling per enterprise is $4,000,000, which is the total cumulative funding ceiling of the Scheme (“Mainland Programme” and “FTA Programme") per enterprise.

* Effective since 9 April 2020.

Disbursement of Funds
(Applicant enterprise can select either method [1] or [2]) 

Applicant enterprise can select either method [1] -  Initial Payment required or [2] -   Initial Payment not required to submit application.

 For details of the funding arrangements and financial management, including the personal guarantee arrangement, please refer to paragraph 5 of the "Guide to Application (Mainland Programme)".

Project Duration

Maximum of 24 months. Project with duration over 18 months and up to 24 months requires one progress report and annual audited accounts for the first 12 - month period.

Types of Project

Any projects falling within the scope of the Programme (i.e. any one or more areas of (i) branding; (ii) upgrading and restructuring; and (iii) promoting sales) that assist individual Hong Kong enterprises in enhancing their competitiveness and facilitating their business development in the FTA Markets are eligible for applying for funding support under the Programme. There are two types of eligible projects:

Type (i) Project Applications
Develop Holistic Business Plans

​Type (ii) Project Applications
Implementation of Specific Measures

Projects that involve the engagement of qualified service providers by the applicants to develop holistic business plans in the areas of branding, upgrading and restructuring and/or promoting sales for the applicants to enhance their competitiveness and facilitate their business development in the FTA Markets.

Projects that involve the implementation of specific measures in the areas of branding, upgrading and restructuring and/or promoting sales by the applicants themselves

Guides, Application Form and Reference

Document Type

Description

Download

​Guide to Application

The guide to application provides a detailed guidance to assist applicants to complete the application form. The guide record general information, application eligibility, project and funding amount, application and approval procedures, project monitoring, reimbursement of funding, and other references information.

Application Form

The application form provides a comprehensive and standard format for the processing by the Secretariat. All completed application forms must be returned (in person or by post) to the Secretariat together with the required supporting documents and the information of the service provider (if applicable).

Type (i) Project Applications

Type (ii) Project Applications

Notes to Application

Providing the application requirement to the applicant enterprises for pay attention and consideration before apply.

Chinese version only

Unallowable Costs

Unallowable Costs

Service Provider (Applicable to "Type (i) Project Application")

The Applicant may employ a Service Provider for preparing the holistic business plan for the application. In order to safeguard the quality of the consulting services provided to the Applicant and the effective use of the Government funding, criteria of the Service Provider employed are set out as follows:

a) having registered in Hong Kong under the Business Registration Ordinance (Chapter 310), or being a statutory organisation in Hong Kong, or being a company with valid business license in the FTA economies (applicable to FTA Programme);

b) having established for at least one year, and

c) having at least one principal possessing five years or more practical experience of providing consultancy services related to branding, upgrading and restructuring and/ or domestic sales for enterprises in Hong Kong or the Mainland/ FTA economies. The principal must be actively engaged in the consultancy study throughout the whole study period, and

d) having completed at least five projects in branding, upgrading and restructuring and/or domestic sales at the time of application

The Service Provider must provide proofing evidences including the enterprise background, working experience of their staff and the reference projects record to Implementer.

The Implementer of the BUD Fund has not appointed any companies or organizations to provide any fee charging services in relation to the dedicated fund (including assisting the enterprises to submit the applications, formulation of the Holistic Business Plans and implementing the approved projects.

 

Reminder on Application Submission

Online Application Service

Online application service is available from 30 June 2020 onwards. Applicants can fill in their applications and upload all supporting documents online easily.

Submission by post, by e-mail, or in person (submission would not be accepted after 31 July 2020)

A full set of completed application form together with valid supporting documents and their softcopies should be submitted to the designated collection location. Any application with incomplete information (such as only with soft copy or hard copies) will not be processed until the completed set of documents have been received. The Implementer possesses the final decision right for any dispute cases, if any. Application documents should include:

1. Soft copy (in MS word format) of the completed application form (either in English or Chinese)
2. 1 hard copy of application form with signature and company chop
3. Supporting documents of the applicant:

  • Copy of the Business Registration Certificate
  • Copy of documentary evidence showing the personal details of the key owners/ shareholders (e.g. Annual Return of the Companies Registry (Form AR1) etc)
  • Copy documentary evidence proving that the applicant has substantive business operations in Hong Kong
  • Copy of documentary evidence proving the direct investment relationship between the applicant and its FTA entity

Application Submission

The programme is open for application all year round.  Applications are processed on a continual basis instead of by batches on a quarterly basis.