Drogheda Bursary Voyages Fund was established in 2013, funded by sponsorship from local business and industries. The first of its kind in Ireland, this scheme formed the basis for subsequent development of similar bursary schemes across Ireland and Northern Ireland. From 2017 onwards the scheme supports young people from this area on both local voyages and on longer voyages and bigger Tall ships including the Tall Ships Races.
In 2017 the Drogheda scheme introduced new Trainee Awards for the best trainee on each of the two voyages.
The scheme is generously sponsored by Drogheda Port Company, Louth County Council, Irish Cement and Fast Terminals.