The subsidy scheme, originally set to be launched in July 2020, has been set up under the Hong Kong government’s anti-epidemic fund.
Hong Kong Convention and Exhibition Centre (Management) Limited (HML) has welcomed the announcement that the Hong Kong SAR government will launch the Convention and Exhibition Industry Subsidy Scheme on 3rd October 2020.
The Subsidy Scheme offers to cover a 100% venue rental cost for organisers of exhibitions and international conventions held at the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo.
HML managing director, Monica Lee-Müller, said: “The government’s launch of the Subsidy Scheme in early October will help ease financial burdens on the local convention and exhibition industry and help it attract domestic and overseas exhibitors, buyers and conference delegates to Hong Kong, strengthening the city’s competitiveness as the region’s leading convention and exhibition hub.”
She added: “With the on-going pandemic situation overseas, countries are continuously updating their inbound and outbound travel restrictions and compulsory quarantine requirements. As such, many international exhibitions and conventions originally scheduled for the second half of 2020 have been postponed or cancelled. Mega exhibitions typically have long planning lead-times, and re-launching them before the October 2021 deadline for the Subsidy Scheme may prove challenging. However, we believe that once the pandemic is under control, exhibition and convention organisers will waste no time bringing exhibitions back onto their event calendars. To ensure that mega exhibitions and international conventions return to Hong Kong after the pandemic, the industry will continue to communicate closely with the government so that timely actions can be taken to maximise the impact of the Subsidy Scheme.”
The HK$1,020m (US$131m) Subsidy Scheme has been set up under the Hong Kong government’s anti-epidemic fund. Originally slated to be launched in July 2020, it was postponed following the third wave of the pandemic in the city, which caused the postponement of conventions and exhibitions that were originally scheduled to take place from mid-July to September.