BUD Fund FTA Programme

BUD FTA Highlights

  • 50% of cost sponsored by Government
  • 75% of total grant as initial payment
  • Separate bank account NOT required
  • HK$1,000,000 at most for each application
  • HK$4,000,000 at most for eligible enterprise
  • Applicable to the Free Trade Agreement with HK economies (incl. Macau)

If you need a BUD consultant, please contact BizMagnet.

BUD Fund – Background

In order to raise the competitiveness of Hong Kong companies in mainland China, the HKSAR government launched the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) in 2012. In 2018, the BUD Fund extended to the ASEAN members and separated into 2 programmes: Mainland programme and ASEAN programme. On 20th January 2020, the BUD Fund furthered to all Free Trade Agreement (FTA) economies. Ordered by date, FTA regions with Hong Kong include: New Zealand, European Free Trade Association (EFTA, consists of Iceland, Liechtenstein, Norway, and Switzerland), Chile, Macau, ASEAN, Georgia and Australia.

From 9th April 2020, an eligible enterprise can get at most HK$4,000,000 from Mainland programme and FTA programme.

BUD Fund – Eligibility

  • Valid Hong Kong Business registration
  • Non-listed company
  • Both manufacturer and service provider are eligible
  • Business in FTA regions is NOT a requirement

BUD Fund – Application document

  • Company authorized application form
  • Copy of business registration certificate
  • Shareholder structure supporting (e.g. NAR1)
  • Proof of substantive operation (e.g. MPF record)
  • Proof of relation between Hong Kong applicant and FTA region business

Upper limit of Grant for each application

50% of the project total cost, ceiling at HK$1,000,000

BUD Fund – Application flow

  1. Submit application to BUD Secretariat
  2. Application approved
  3. Initial payment (75% of the total grant)
  4. Start the BUD project
  5. Submit progress report and annual audit report
    (If more than 18 months)
  6. Complete the BUD project
  7. Submit the final report and the final audit report
  8. Receive the remaining grant

BUD Fund – Scope

  • Branding
  • Marketing
  • New employment
  • New machinery
  • Online or offline advertisement
  • Exhibition and promotion event

BUD FTA Official website: https://fta.bud.hkpc.org/

International Trade

BUD Fund grant $260m in 1st half of 2020

The Hong Kong Productivity Council (HKPC) released the latest figures of “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund) in a press release.…
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