Government Funding Schemes

The Government provides over 70 funding schemes with different funding scopes, amounts and requirements to promote and support the development of enterprises and industries in Hong Kong. A dedicated service team entitled "SME ReachOut" has commenced operation starting from 1 January 2020 to support SMEs through face-to-face meetings to help identify funding schemes that suit SMEs, while answering questions relating to applications.

The Government has allocated $100 million to Hong Kong Productivity Council (HKPC) to gradually enhance the services of "SME ReachOut" in the ensuing five years starting from 2023. HKPC has enhanced the services of "SME ReachOut" in October 2023, including arranging visits to more chambers of commerce, commercial and industrial buildings and co-working spaces, and increasing the publicity in social media so as to step up the promotion of government funding schemes. At the same time, more one-on-one consultation sessions will be provided to assist SMEs in applying for government funding and building their capacities, focusing on areas such as "environmental, social and governance" (ESG), technology transformation, digitalisation and cyber security, with a view to enhancing their competitiveness through leveraging new technologies.