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Maritime and Port Authority of Singapore

National Programmes Maritime and Port Authority of Singapore
Maritime and Port Authority of Singapore

Maritime Cluster Fund (MCF)

Introduced by the Maritime and Port Authority of Singapore (MPA), the Maritime Cluster Fund (MCF) facilitates the growth of Singapore’s maritime cluster by supporting the industry’s manpower and business development efforts as well as its drive for productivity improvements. There are three key components under MCF. The MCF-Manpower Development co-funds maritime companies in the development of manpower, training initiatives and capabilities. The MCF-Business Development supports eligible expenses incurred in the setting up of new maritime operations or expansion into new lines of maritime businesses in Singapore, and internationalisation efforts by maritime companies. The MCF-Productivity supports initiatives by the maritime industry that will lead to productivity gains.

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The MaritimeSG Together Package has been extended. Higher co-funding of up to 90% for selected MCF-Short Courses and Certifiable Courses will last till 31 December 2021.

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Encourages companies to invest in the development of local expertise through attachments and career development programmes.

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