Arts and Sports

74.    To build a supportive atmosphere for arts and culture in the community and promote the development of local professional arts, the Art Development Matching Grants Pilot Scheme, funded in last year's Budget, will be launched this year.  The pilot scheme will help the more established arts groups and organisations enhance their ability in raising private donations and sponsorships through matching grants, thereby widening their funding sources and promoting a culture of donation.

75.    Government established the $7 billion Elite Athletes Development Fund in 2012 to provide financial resources for the Hong Kong Sports Institute and offer greater support to athletes, and at the same time identify and nurture young athletes with potential.  Since the establishment of the fund, the number of full-time athletes has increased by 60 per cent.  The outstanding performance of Hong Kong athletes in international competitions in recent years is well-recognised and can foster the development of sports and attract more international competitions to take place in Hong Kong.  Hosting international events not only provides more opportunities for athletes to demonstrate their strengths, but also brings economic benefits, enhances our international profile and develops the potential of the sports industry.