New Industrialisation Funding Scheme (NIFS) (formerly known as Re-industrialisation Funding Scheme (RFS))

Objective: Aims to subsidise manufacturers to set up new smart production lines in Hong Kong..

Funding Details:

Entire or a significant portion of the production line under application should fulfil the “smart manufacturing” criteria.
Funding will be provided on a 1 (government) : 2 (company) matching basis.
Maximum funding support: one-third of the total approved project cost or $15 million per project, whichever is lower. Each company can have in total 3 project applications and on-going projects under the scheme at any one time to receive total
maximum funding of $45 million.
Funding scope: expenses directly related to the establishment of the new production line in Hong Kong.
Project duration: normally within 24 months.

Eligibility: Companies incorporated in Hong Kong under the Companies Ordinance (Cap. 622) are eligible to apply.