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The Public Policy Research (PPR) Funding Scheme and the Strategic Public Policy Research (SPPR) Funding Scheme, both managed by the Policy Innovation and Co-ordination Office (PICO), are two of the most well-established government financed funding schemes dedicated to fostering and supporting public policy research in Hong Kong. The total annual provision for the two Schemes is around $30 million. Both Schemes aim to promote public policy research and evidence-based research to facilitate public policy discussion. Specifically, the SPPR Funding Scheme aims to support longer-term public policy research on strategic themes, build up research capacity and facilitate collaboration among institutions/think tanks on the strategic themes.

Applications for the PPR Funding Scheme are accepted throughout the year; while those for the SPPR Funding Scheme are invited once a year (normally in the second quarter of a year).