Dedicated Fund on Branding, Upgrading and Domestic Sales - Enterprise Support Programme (BUD) aims at promoting economic development of Hong Kong as a whole or in specific sectors. It also aims at promoting business growth in Hong Kong for business transformation, and upgrading and expanding the domestic market, thereby enhancing their overall competitiveness in the Mainland market. It looks beyond the qualification of the company before giving approval.
Since BUD is currently receiving a large number of applications, Vetting Committee will review a written application to determine its audit. Therefore, whether enterprises can elaborate its business plan clearly in the application documents becomes the key to a successful application.
Hence, we provide professional consultancy services on BUD application, including BUD project proposal preparation, submission of an application, monitoring the progress of the project to ensure that project implementation meets BUD requirements, project final report preparation and organizing financial auditing report. We have helped 20 various sectors of Hong Kong enterprises to successfully apply. The fund assisted them in re-branding, engaging in exhibitions, having business matching, establishment of a Mainland website and E-commerce platform, additional recruitment, ERP systems and automation machinery, etc., and as a result enhanced and sustained their competitiveness in the Mainland market.
Enhancements of existing programme includes: increase the cumulative funding ceiling per enterprise from HK$500,000 to HK$1,000,000; increase the funding ceiling per project from HK$500,000 to HK$1,000,000; relax the current restriction on the maximum number of funded projects from 3 to 10.