In the 2014 Policy Address, the Chief Executive has announced a series of initiatives to broaden the opportunities for local students to receive higher education. A new subsidy scheme is introduced starting from the 2015 – 2016 academic year to subsidise up to 1,000 students per cohort to pursue designated full-time locally-accredited self-financing undergraduate programmes in selected disciplines to nurture talents to meet Hong Kong's social and economic needs. The SSSDP aims to achieve the following objectives:
to increase the supply of subsidised undergraduate places by leveraging on the supply of the self-financing sector;
to nurture talent in support of specific industries with urgent or keen demand for human resources;
to encourage the self-financing education sector to offer programmes in selected disciplines that meet Hong Kong's social and economic needs by providing targeted financial support; and
to support the healthy and sustainable development of the self-financing post-secondary education sector to complement the University Grants Committee-funded sector in broadening and diversifying study opportunities.