Historic buildings subsidy raised

Historic buildings subsidy raised

The maximum grant under the Financial Assistance for Maintenance Scheme for historic buildings will double to $2 million, the Development Bureau announced yesterday.

The scheme’s scope has also been expanded from owners of privately owned graded historic buildings to non-profit-making organisations leasing government-owned declared monuments or graded historic buildings.

The move has been made after consulting the Advisory Committee on Built Heritage Conservation to provide more comprehensive support for the maintenance of historic buildings.

Since the scheme’s 2008 launch, 99 applications have been received, of which 50 have been approved with a total grant of $46.79 million.

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Historic buildings subsidy raised

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