BUD Fund Mainland Programme

BUD Mainland 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$6,000,000 at most for eligible enterprise
  • Applicable to mainland China market

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. From time being, the Fund has enhanced and the grant has been lifted. The BUD Fund extended to ASEAN, Free Trade Agreement regions and IPPA economies in 2018, 2020 and 2021 respectively. Since 30th July, 2021, each eligible enterprise can accept at most HK$6,000,000 from BUD Mainland programme or BUD FTA and IPPA programme.

BUD Fund – Eligibility

  • Valid Hong Kong Business registration
  • Non-listed company
  • Both manufacturer and service provider are eligible
  • Business in mainland China 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 China business

Upper limit of Grant for each application

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

BUD Fund Mainland – 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 Mainland – Scope

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

BUD Mainland Official website: https://mainland.bud.hkpc.org/

  • BUD Fund 10th anniversary
    One decade has passed since the launch of the BUD Fund in June 2012. The matching fund, initially, encouraged Hong Kong businesses to explore the mainland market. After series of enhancement, the BUD Fund now supports 37 economies and each eligible enterprises can get HK$ 6,000,000 at most. In order to help you to know … Read more
  • BUD Fund 3rd phase extension 2022
    From 27th Jun 2022, the 3rd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Kuwait and the United Arab Emirates. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, … Read more
  • Successful BUD cases in 2022
    The Dedicated Fund for Branding, Upgrading and Domestic Sales (BUD Fund) was launched in 2012 to help Hong Kong companies to brand, upgrade and market in mainland China. As Hong Kong signed Free Trade Agreement and Investment Promotion & Protection Agreement with other economies, the BUD Fund are now consisted of Mainland Programme and FTA … Read more