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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 unique in Hong Kong in that they are the only government subsidised funding schemes dedicated to fostering and supporting public policy research in Hong Kong. The total annual provision for the two Schemes is $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 applications for the SPPR Funding Scheme are invited once a year (normally in the second quarter of a year).