CONFIDENTIAL
institutions in the UK. There should be no problem in identifying
an area of research with which the British donation could be
associated.
7. But this project is of course by far the most expensive.
Funding would need to be provide initially for a five year development period, with some continuing recurrent support thereafter depending on success in attracting private sector donors. The Council estimate that development costs could range from £3 million to £10 million Cover five years) depending on the choice of research area. The endowment of a research centre in a high technology field would be at the upper end of this range. We would therefore need to be confident of such a project would justify
expenditure on this scale. Both the Council and the Hong Kong Government are confident that this would be the case for
set out in paragraph 5 above.
B.
8.
Education Trust Fund
the reasons
The creation of an Educational Trust Fund would provide increased opportunities for young Hong Kong professionals and academics to study in Britain. Awards would be dependent upon an undertaking to return to work in Hong Kong. It would supplement existing UK/Hong Kong scholarship schemes which are primarily for
under-graduate study.
9. Funds are already available to establish the Education Trust Fund before the end of this financial year using £250 000 from revenue earned from the Council's English language teaching operation in Hong Kong. A further £0.5 million has been earmarked for this purpose in the Council's budget for FY 1990/91. It is hoped that initial funding by the Council will generate further substantial funds from the private sector.
C-
Support for professional training in Hong Kong
Its
10. This proposal is the cheapest of the five options. objective would be to stem the outflow of the young professionals Leaving the territory by providing improved training opportunities
CONFIDENTIAL
No comments yet.
Private notes are available after approval.