Government launches $10 billion New Industrialisation Acceleration Scheme to encourage setting up new smart production facilities
The Innovation and Technology Commission today (September 16) launched the New Industrialisation Acceleration Scheme (NIAS) to provide funding support for enterprises in industries of strategic importance to set up new smart production facilities in Hong Kong. Eligible enterprises are welcome to apply.
"To promote the downstream development of new industrialisation, the Chief Executive announced the $10 billion New Industrialisation Acceleration Scheme in his Policy Address last year. It is hoped that the scheme can encourage enterprises to make use of innovation and technology to achieve smart production and enhance competitiveness," a spokesman for the Commission said.
Under the NIAS, the Government will provide funding support on a 1 (Government): 2 (enterprise) matching basis for enterprises engaging in industries of strategic importance (i.e. life and health technology, artificial intelligence and data science, advanced manufacturing and new energy technologies) to set up new smart production facilities in Hong Kong. For each project, the minimum total project cost is $300 million. The enterprise has to contribute no less than $200 million and the Government will cover a maximum of one-third of the total approved project cost or $200 million, whichever is lower. Each enterprise may have a maximum of two projects approved, receiving up to $200 million in total under the NIAS.
In addition, the Government will encourage enterprises with approved projects under the NIAS to carry out research or increase their scale of research in Hong Kong by providing additional funding for them to engage research talent, as well as facilitate such enterprises in employing non-local talent required for setting up or operation of new production facilities in Hong Kong.
The NIAS is open for application throughout the year. Details are available at the Innovation and Technology Fund website (www.itf.gov.hk). For enquiries, please contact the Secretariat of the NIAS (Tel: 3655 5678; email: nias@itc.gov.hk).
"The Chief Executive's 2024 Policy Address" available to public on Wednesday
The Chief Executive, Mr John Lee, will release "The Chief Executive's 2024 Policy Address" on Wednesday (October 16).
The full text of the Policy Address will be released at www.policyaddress.gov.hk after the Chief Executive has completed his speech.
Copies of the Policy Address and other related publications will be available for public collection from the time the Chief Executive has completed his speech at the 20 Home Affairs Enquiry Centres (HAECs) of the Home Affairs Department (HAD). Please browse the HAD website (www.had.gov.hk/en/public_services/public_enquiry_services/ctec.htm) for the opening hours of the HAECs.
Leaflets containing the highlights of the Policy Address will also be available at the following places:
* 16 government office buildings:
Queensway Government Offices, Admiralty
Immigration Tower, Wan Chai
Revenue Tower, Wan Chai
Wanchai Tower, Wan Chai
North Point Government Offices
Cheung Sha Wan Government Offices
Ho Man Tin Government Offices
Lai Chi Kok Government Offices
Mongkok Government Offices
Trade and Industry Tower, Kowloon City
To Kwa Wan Government Offices
West Kowloon Government Offices, Yau Ma Tei
Sha Tin Government Offices
Tai Hing Government Offices, Tuen Mun
Tai Po Government Offices
Tsuen Wan Government Offices
* Seven public libraries:
Hong Kong Central Library, Causeway Bay
City Hall Public Library, Central
Kowloon Public Library, Kowloon City
Ping Shan Tin Shui Wai Public Library, Yuen Long
Sha Tin Public Library
Tsuen Wan Public Library
Tuen Mun Public Library
*Five museums:
Hong Kong Museum of Art
Hong Kong Heritage Museum
Hong Kong Museum of History
Hong Kong Science Museum
Hong Kong Space Museum
* 61 shopping centres in public housing estates:
Hong Kong
-----------
Siu Sai Wan Plaza, Chai Wan
Wan Tsui Shopping Centre, Chai Wan
Oi Tung Shopping Centre, Shau Kei Wan
Hing Tung Shopping Centre, Shau Kei Wan
Stanley Plaza, Stanley
Wah Fu (II) Commercial Complex, Aberdeen
Shek Pai Wan Shopping Centre, Aberdeen
Kowloon
---------
Lei Yue Mun Plaza, Yau Tong
Yau Lai Shopping Centre, Yau Tong
Kai Tin Shopping Centre, Lam Tin
Tsui Ping North Shopping Circuit, Kwun Tong
Shun Lee Commercial Centre, Kwun Tong
On Kay Commercial Centre, Ngau Tau Kok
Lok Wah Commercial Centre, Ngau Tau Kok
Sau Mau Ping Shopping Centre, Sau Mau Ping
Tsz Wan Shan Shopping Centre, Tsz Wan Shan
Choi Wan Commercial Complex, Ngau Chi Wan
Chuk Yuen Plaza, Wong Tai Sin
Temple Mall South, Wong Tai Sin
Fung Tak Shopping Centre, Diamond Hill
Lok Fu Place, Wang Tau Hom
Shek Kip Mei Shopping Centre, Sham Shui Po
Hoi Fu Shopping Centre, Mong Kok
Oi Man Plaza, Ho Man Tin
Homantin Plaza, Ho Man Tin
New Territories East
---------------------
Choi Yuen Plaza, Sheung Shui
Ching Ho Shopping Centre, Sheung Shui
Fu Shin Shopping Centre, Tai Po
Tai Wo Plaza, Tai Po
Heng On Commercial Centre, Ma On Shan
Yan On Shopping Centre, Ma On Shan
Mei Tin Shopping Centre, Sha Tin
Hin Keng Shopping Centre, Sha Tin
Kwong Yuen Shopping Centre, Sha Tin
Sha Kok Commercial Centre, Sha Tin
Mei Lam Commercial Centre, Sha Tin
Wo Che Plaza, Sha Tin
Pok Hong Shopping Centre, Sha Tin
Yue Tin Court Commercial Centre, Sha Tin
Shui Chuen O Plaza, Sha Tin
Shek Mun Shopping Centre, Sha Tin
Queens Hill Shopping Centre, Fanling
TKO Gateway, Tseung Kwan O
Po Lam Shopping Centre, Tseung Kwan O
TKO Spot, Tseung Kwan O
New Territories West and Islands
----------------------------------
T Town, Tin Shui Wai
Tin Shui Shopping Centre, Tin Shui Wai
Tin Yan Shopping Centre, Tin Shui Wai
Tin Ching Shopping Centre, Tin Shui Wai
Long Ping Commercial Centre, Yuen Long
Long Shin Shopping Centre, Yuen Long
Butterfly Plaza, Tuen Mun
Leung King Plaza, Tuen Mun
Tai Hing Commercial Centre, Tuen Mun
Siu Hong Commercial Centre, Tuen Mun
Yan Tin Shopping Centre, Tuen Mun
Hung Fuk Shopping Centre, Hung Shui Kiu
Cheung Fat Plaza, Tsing Yi
Lei Muk Shue Shopping Centre, Tsuen Wan
Kwai Chung Shopping Centre, Kwai Chung
Fu Tung Plaza, Tung Chung
The public can watch the live broadcast of the delivery of the speech by the Chief Executive in the Legislative Council and the press conference with a simple click into the Policy Address webpage (www.policyaddress.gov.hk).
They can also access "The Chief Executive's 2024 Policy Address" webpage through the e-Stations located at the 20 HAECs in the 18 Districts.
