Budget Speech

Social Enterprises

173.      Since the launch of the Enhancing Self-Reliance Through District Partnership Programme in 2006, the HAD has approved a total of about $110 million to subsidise the establishment of over 100 social enterprises. We have earmarked $150 million to keep rolling out the Programme over the next five years. The maximum funding period is extended from two years to three years, and the eligibility requirements are relaxed on a pilot basis to cover non-profit making organisations which are not exempt from tax under the Inland Revenue Ordinance. We will allocate additional resources to introduce an award scheme in an effort to foster a social enterprise spirit and nurture talent in this field.

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