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Retail Sector Subsidy Scheme Fund

 

Retail Sector Subsidy Scheme Fund

Starting from today, Monday, March 23rd until Sunday, April 12th the Retail Sector Subsidy Scheme under Anti-epidemic Fund is open for application. In order to apply please follow this: link.

The Government has earmarked a sum of $5.6 billion for the Retail Sector Subsidy Scheme, which is expected to benefit around 70,000 retailers. Each eligible retail store will receive a one-off subsidy of HK$80,000. The first rate of payment will be made within April. The maximum amount of subsidy for a parent company that operates retail groups or chain stores under the same business registration is HK$3 million (equivalent to no more than 38 stores).

To be eligible, an applicant must be:

  • conducting substantial and substantive retail business at a fixed physical and individually operated store in Hong Kong; and
  • running a business that has commenced before January 1, 2020 and is still in operation at the time of application.

 

For more information about the Retail Sector Subsidy Scheme under Anti-epidemic Fund visit this page link.

 

 

Last update March 26th, 2020 - ore 01.17 a.m.


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