Cruise Development Fund (CDF)
The Cruise Development Fund (CDF) supports cruise industry players in activities that will build strong consumer demand for cruises from Singapore.
The CDF is open to cruise lines, charterers, intermediaries (e.g. travel agents, destination management companies, ground handlers), experience owners and industry trainers.
Proposed projects should fall under one of the following categories:
1. Deployment of new ships to Singapore
2. Extension of existing deployments out of Singapore
3. Chartering of cruise sailings out of Singapore
Growing The Industry:
2. Development of experiences such as pre-cruise and post-cruise experiences, shore excursions and/or land tour packages
3. Development of seasonal themed cruises (e.g. create onboard wellness-themed programming, to coincide with Singapore wellness events)
Successful applicants will receive funding support for qualifying costs, subject to the scope of the project and STB's evaluation of the merits of the project. Qualifying costs may include third-party costs relating to consumer and trade marketing, terminal operator port charges, content development and production costs, and third-party consultancy costs.
Proposals will be assessed on how they:
- Grow cruise sailings out of Singapore
- Drive cruise passenger traffic from source markets
- Drive overall contribution to Singapore in terms of economic impact and growth of Singapore's cruise industry
Interested applicants are advised to provide an executive summary / brief description of the proposed project to STB_Incentives@stb.gov.sg. An STB Officer will be in touch to assist you further. The STB officer in-charge of your project will advise you if your proposed project is eligible for CDF and to proceed with the application.
Please note that projects that have commenced prior to STB’s offer of the grant may not be eligible.
DISBURSEMENT OF GRANT
Grants will be disbursed to successful applicants on a reimbursement basis, subject to achievement of the agreed project deliverables and milestones. Applicants are required to submit third-party audited documents on qualifying costs for the disbursement of grants, unless otherwise stated.