Recycling Fund
To promote the sustainable development of the recycling industry, the Chief Executive announced in the "2014 Policy Address" the allocation of HK$1 billion to establish the Recycling Fund. To further support the recycling industry, especially small and medium-sized enterprises in enhancing their operational capabilities and efficiency, addressing the latest demands of local and overseas markets, and achieving re-industrialization, the government allocated an additional HK$1 billion to the Recycling Fund in April 2021, extending the application period of the fund until 2027.
Aims
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The fund provides matching grants to projects that strengthen the recycling and reprocessing value chain, covering activities such as source sorting, collection, transportation, processing, improvement of recycled products, commercialization, market promotion, and sales. The funding also supports employee training to enhance recycling operations.
Eligibility
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A valid business registration certificate in Hong Kong.
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The applicant must have substantial business operations in Hong Kong, which can be demonstrated through written documentation such as employee records, tax returns, and business transaction documents.
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Minimum 1-year experience in recycling-related operations.
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Close association with recycling industry-related organizations
Funding Amount
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Funding would be provided on a matching basis, i.e. the Government will cover a maximum of 50% of the total approved project cost and the enterprise has to contribute no less than 50% of the total approved project cost in cash.
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Funding support will be granted to each enterprise for a maximum of ten approved projects and the cumulative funding ceiling per enterprise is $15 million.
Application Process
