Recycling Fund: HK$15 Million Cumulative Funding Ceiling per Enterprise

The Recycling Fund was established in 2015 with the objectives of promoting recovery and recycling of waste into useful resources and products, by facilitating the upgrading of operational capabilities and efficiency in the recycling industry to support its sustainable development. A total of $2 billion has been injected into the funding to help achieve the objectives.  

Within the Recycling Fund, Enterprise Support Programme (ESP) provides matching funds for the projects to enhance the recycling value added chain covering different aspects of the enterprises. The cumulative maximum funding amount under ESP is HK$15 million for 10 projects per enterprise. A scheme, under ESP, especially for start-up enterprises in adopting innovative ideas to facilitate recycling operations (SUP) has been set up.  Companies that are established less than 5 years are welcomed to apply the scheme.  To support the rising need on diversified innovative projects, the funding cap for each SUP project has been increased recently from $0.5 million to $2 million per project.

Mr Sam Lee, Head of the Recycling Fund Secretariat under Hong Kong Productivity Council (HKPC), will share more details on the Recycling Fund, with special focus on the scheme for new and start-up enterprises.