Project Preparation Facility

Helping Accredited Entities develop their climate ambitions into climate solutions

2. Secretariat review and AE revisions

Once the Concept Note is endorsed by the CIC for PPF support, the review of the PPF application starts. The PPF application is reviewed against the following criteria:

Assessment criteria	PPF funding		PFF service
Assessment criteria	Standard	Simplified	PFF service
Articulation of how the PPF activities will produce the documents that make up a funding proposal	✓	✓	✓
Justification of the AE’s need for project preparation support	✓	✓	✓
Detailed implementation arrangements	✓	Limited	N/A
Detailed budget to ensure efficient use of GCF resources for project preparation	✓	Limited	N/A
Detailed disbursement and reporting schedule	✓	Limited	N/A
Counterpart financial support for project preparation is encouraged	✓	✓	N/A
Adequacy of terms of reference for desired studies/outputs	✓	✓	✓

In certain cases of PPF funding, GCF may seek repayable grant and equity as the PPF financial support depending on the nature of the resultant private sector project/programme.