Budget Speech

Developing Social Capital

122.      The Community Investment and Inclusion Fund, established in 2002, provides financial support to community organisations in the development of social capital through cross-sectoral collaboration and community participation. Over 180 projects subsidised by the Fund in all 18 districts have delivered notable results in capacity building, enhancement of interpersonal relationship and development of community networks. So far about 60 per cent of the $300 million under the Fund has been committed. I will closely monitor the spending situation and make an injection when necessary to ensure that the Fund can continue to perform its social function.