The Government today announced that the part of the Convention & Exhibition Industry Subsidy Scheme related to the Trade Development Council will be launched on November 30 and the entire subsidy scheme will be extended to December 31, 2021.
This will encourage more convention and exhibition activities to be held in Hong Kong.
The part of the scheme related to the Trade Development Council subsidises 50% of the participation fees for exhibitors of exhibitions organised by the council, subject to a cap of $10,000 per nine-square-metre booth and 10 booths per exhibitor each time.
Participants of the council’s major conventions can also receive a subsidy equivalent to 50% of their participation fees, subject to a cap of $10,000 each time.
Exhibitors and participants of major conventions do not need to submit applications as the council will directly deduct the subsidy from the amount receivable.
Small and medium-sized enterprises (SME) may apply in tandem for funding support under the SME Export Marketing Fund to cover their participation fees on a matching basis.
The subsidy scheme also provides a 100% venue rental subsidy to organisers of exhibitions and international conventions held at the Convention & Exhibition Centre and AsiaWorld-Expo. This part of the scheme was launched on October 3.