A 100% venue rental subsidy will be provided for organisers of exhibitions and international conventions held at the Hong Kong Convention & Exhibition Centre and AsiaWorld-Expo, the Government announced today.
The subsidy, which has no cap, will last until October 2, 2021.
It is provided under the Convention & Exhibition Industry Subsidy Scheme that will be launched on October 3 amid the gradual stabilisation of the COVID-19 epidemic situation and the progressive resumption of convention and exhibition activities.
If an exhibition has been held in the two venues for the past five years, the organiser may submit an application two months before the event to obtain in advance a subsidy equivalent to 50% of the venue rental. The remaining subsidy will be disbursed after completion of the exhibition.
The Government urged organisers to share the subsidy with participants. Eligible exhibitors can also apply for funding support under the SME Export Marketing Fund to cover their participation fees for exhibition events on a matching basis.
Set up under the Anti-epidemic Fund, the Convention & Exhibition Industry Subsidy Scheme has a total commitment of $1.02 billion.
The scheme will also subsidise exhibitors of exhibitions organised by the Hong Kong Trade Development Council (HKTDC) and participants of its major conventions.
The Government will announce its launch date later, pending the HKTDC’s event arrangements in the coming few months.