Press Release

Dedicated Fund on Branding, Upgrading and Domestic Sales and SME Export Marketing Fund enhanced
Monday, November 7, 2022

The Trade and Industry Department (TID) rolled out enhancements to the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund (EMF) today (November 7).

As announced in the Policy Address this year, the cumulative funding ceiling per enterprise under the BUD Fund has been raised from $6 million to $7 million and the maximum number of approved projects per enterprise has been increased from 60 to 70.

For the EMF, the cumulative funding ceiling per enterprise has been raised from $0.8 million to $1 million. The special measure to expand its funding scope is extended to June 30, 2026, to continue to cover exhibitions and online exhibitions targeting the local market, and the eligibility criteria is relaxed to cover non-small and medium-sized enterprises.

"The enhancements launched will further support local enterprises in enhancing their competitiveness and in developing more diversified markets," a spokesman of the TID said.

Details of the enhancements are available on the websites of the BUD Fund (www.bud.hkpc.org/en/) and the EMF (emf.tid.gov.hk/en/).

For enquiries, please contact the BUD Fund Secretariat (tel: 2788 6088) and the EMF Branch (tel: 2398 5127).

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