Matching Grant Scheme
Since 2003, the Government has launched six rounds of Matching Grant Scheme (MGS) to help the higher education sector diversify its funding sources. In the past six rounds of MGS, participating institutions altogether secured additional resources of about $22.2 billion, comprising about $14.8 billion of private donations and about $7.4 billion of government matching grants.
Following the announcement in the 2017 Policy Address, the Government reserved $500 million to launch the seventh MGS for application by qualified local self-financing degree-awarding institutions with a view to further enhancing the education quality of the self-financing post-secondary education sector by helping such institutions tap more funding sources and fostering a philanthropic culture. The duration of the seventh MGS ran for two years from 1 August 2017 to 31 July 2019. On the other hand, the Eighth Matching Grant Scheme, set up specifically for the 10 publicly-funded post-secondary institutions, has been receiving application since July 2019.
The seventh MGS covers 12 local self-financing degree-awarding institutions, namely the Open University of Hong Kong, the Technological and Higher Education Institute under the Vocational Training Council, Caritas Institute of Higher Education, Centennial College, Chu Hai College of Higher Education, Gratia Christian College, The Hang Seng University of Hong Kong, HKCT Institute of Higher Education, Hong Kong Nang Yan College of Higher Education, Hong Kong Shue Yan University, Tung Wah College and Yew Chung College of Early Childhood Education*. Participating institutions have obtained about $1 billion in private donations and around $492 million in government matching grants. The final results are set out in the Annex.
Government matching grants can be used for enhancing the quality of teaching and learning and the quality of governance, and/or implementing capital works projects in campuses in Hong Kong. Grants are provided to match private donations specified for the above-mentioned purposes.
* Participating in the Seventh Matching Grant Scheme from 9 July 2018
Last Review Date: 18/09/2019