Overview Overview

Overview

The Project Preparation Facility (PPF) supports Accredited Entities (AEs) in project and programme preparation. It is especially targeted to support direct access entities, and micro-to-small size category projects.

A total of USD 40 million has been made available for the initial phase of the PPF, with each request subject to a cap of USD 1.5 million.

Support is granted in the form of grants and repayable grants, while equity may be considered for private sector projects. Funding proposals developed with the PPF should be submitted to the GCF Board within two years of the approval of a PPF request.

There are many phases in project preparation, from early stages of project identification, concept development and establishing the enabling environment, to mid- and late-stage processes including project due diligence and project structuring. With each phase having different needs, it would be important to review the main outstanding requirements of project development as well as to assess the type of support the project/programme will require.

PPF support may cover any of the following activities:
  1. Pre-feasibility and feasibility studies, as well as project design;
  2. Environmental, social and gender studies;
  3. Risk assessments;
  4. Identification of programme/project-level indicators;
  5. Pre-contract services, including the revision of tender documents;
  6. Advisory services and/or other services to financially structure a proposed activity;
  7. Other project preparation activities, where necessary, provided that sufficient justification is available.
The PPF application must include a clear paragraph explaining how the underlying project fits in with the country’s national priorities and ensures full country ownership. It is therefore highly recommended that the accredited entities consult with the respective national designated authority (NDA) or focal point on the project or programme concept at an early stage.

How to receive project preparation support? How to receive project preparation support?

Step by step:
How to receive project preparation support?

    Image Break Image Break

    Frequently asked questions

    1. 1. What is the Project Preparation Facility?
      The Project Preparation Facility (PPF) can support project and programme preparation costs from all accredited entities, especially direct access entities and especially for projects in the micro-to-small size category. Funding available is up to USD 1.5 million for each PPF request, and can be provided through grants and repayable grants while equity may be considered for private sector projects through grants or equity. Funding proposals developed with the PPF should be submitted to the GCF Board within two years of the approval of a PPF request.
    2. 2. Who can apply for PPF support?
      The Project Preparation Facility is open to requests from all accredited entities to the Fund. However, it is especially targeted at supporting direct access entities and micro to small-sized category projects.
    3. 3. Who submits the PPF request, the NDA or the Accredited Entity?
      PPF funding requests are to be developed and submitted by accredited entities in consultation with the respective NDA or focal point, and with support from the Secretariat.
      Funding available is up to USD 1.5 million for each PPF request, and can be provided through grants and repayable grants while equity may be considered for private sector projects through grants or equity. 
    4. 4. Can entities that are not yet accredited to GCF apply for PPF support?
      No. PPF support is intended only for entities that are accredited to GCF. Direct access entities that are not yet accredited may be able to receive support to help them with this process via the Fund’s Readiness and Preparatory Support Programme. Such applications are made via the relevant NDA / focal point.
    5. 5. What is the maximum amount that can be requested?
      Support can be granted of up to USD 1.5 million per request.
    6. 6. Does a concept note have to be submitted before PPF support can be requested?
      No, although PPF applications often follow the submission of a concept note. If a concept note has not already been submitted relating to the request then there is an additional section on the PPF application form to complete.
    7. 7. Is a no-objection letter required from the relevant NDA before a request can be made?
      PPF applications should be made by the Accredited Entity after consultation with the relevant NDA. A no objection letter for the PPF request should be included in the PPF application.

    TOC TOC