Hong Kong Launches Film Financing Scheme 2.0

The Hong Kong Film Development Council (HKFDC) has launched the Film Production Financing Scheme 2.0 (FPFS 2.0) to enhance support for local film production and promote long-term industry growth. This revamped scheme increases the government's maximum financing contribution from HKD 9 million to HKD 10 million per project, while also allowing filmmakers to access 70% of the funding at the start of principal photography. FPFS 2.0 replaces the previous Relaxation Plan, which successfully funded 23 projects, including the record-breaking 'A Guilty Conscience.' The new scheme doubles the number of projects that applicants can undertake from two to four, while also prioritizing private investors in recouping their investments. HKFDC Chairman Dr. Wilfred Wong expressed optimism that these changes will enhance the attractiveness of the program and stimulate further growth in the local film industry. Applications for FPFS 2.0 are open-ended, offering a continued opportunity for filmmakers to secure funding.