Why is the BUD Fund the most popular government subsidy?
The high flexibility and wide range of funding categories make it one of the most popular government subsidy programs in Hong Kong.
1 Wide range of funding categories
The scope of the BUD Fund covers many aspects, such as brand development, business upgrading and transformation, and domestic sales. This offers great flexibility to small and medium-sized enterprises, allowing them to choose the subsidy projects that best suit their needs.
2 Accumulated subsidies amounting to up to HKD 7 million.
The BUD Fund offers cumulative subsidies of up to HKD 7 million, which is quite attractive for small and medium-sized enterprises, as it can greatly reduce the financial pressure on businesses.
3 The BUD Fund supports expansion in both overseas and mainland markets.
As Hong Kong signs more free trade agreements and investment deals with additional regions, the scope of the BUD Fund has also expanded accordingly. Now, it not only includes the mainland market but also covers many economies that are part of these free trade agreements. This is very attractive to Hong Kong companies looking to expand into overseas markets.
4 The BUD Fund allows for the application of advance disbursement.
To alleviate the financial pressure on small and medium-sized enterprises, the BUD Fund allows businesses to apply for advance disbursement before the start of a project, which significantly enhances the enterprise’s cash flow and financial operation capabilities, making it easier for businesses to initiate and complete projects.