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SME programmes to be enhanced


The Trade & Industry Department will roll out enhancement measures on two funding programmes to subsidise small and medium enterprises.

 

The ASEAN Programme under the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) will launch on August 1.

 

Enterprises can obtain funding of up to $1 million on a matching basis for projects aiming to develop the ASEAN markets. 

 

In addition, the cumulative funding ceiling per enterprise for the SME Export Marketing Fund and the Mainland Programme under the BUD Fund will be doubled.

 

The department said the enhancements will provide SMEs with a wider funding scope, a higher grant ceiling and more streamlined application requirements and vetting mechanisms to explore new markets and opportunities. 

 

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