Professional Services Support Scheme Opens New Funding Round
Bastillepost · 2 SOURCESabout 3 hours ago2 MIN
Summary
The Commerce and Economic Development Bureau announced on Tuesday that applications for the HK$200 million Professional Services Support Scheme's main programme are now open for a fresh funding round, closing on November 30. The scheme has already funded more than 130 diverse projects since its launch, including training programmes, promotional seminars and overseas visits designed to elevate local professionals and showcase Hong Kong's competitive strengths. A complementary subsidy programme has separately reserved HK$50 million to help professionals participate in activities that promote Hong Kong's services in mainland and overseas markets.
Key Points
- Applications for the Professional Services Support Scheme's main programme opened September 1, with a November 30 deadline for the current round
- As of early last month, over 130 projects had received funding covering training, seminars and international outreach activities
- Individual approved projects can receive up to HK$3 million or 90 percent of eligible costs, whichever is lower
- Eligible service sectors include accounting, legal and dispute resolution, healthcare, and information and communications technology
- The government has earmarked an additional HK$50 million under the Professionals Participation Activities Subsidy Scheme for mainland and overseas promotion
- Both schemes accept applications year-round and process them on a quarterly basis; briefing sessions will be held this month
Why It Matters
The scheme positions Hong Kong to strengthen its professional services sector as a key economic driver, providing practical resources for practitioners to enhance their capabilities and expand their networks beyond local markets. With growing regional competition, these funding mechanisms help maintain Hong Kong's attractiveness as a professional services hub by connecting local talent with broader business opportunities across the mainland and international markets .
The scheme positions Hong Kong to strengthen its professional services sector as a key economic driver, providing practical resources for practitioners to enhance their capabilities and expand their networks beyond local markets. With growing regional competition, these funding mechanisms help maintain Hong Kong's attractiveness as a professional services hub by connecting local talent with broader business opportunities across the mainland and international markets .