GCF's Project preparation guidance for locally led climate action proposals builds on GCF's Locally Led Climate Action Framework. The Framework explains the "why" and "what" of locally led action. This guidance covers the "how": practical ways to use the Project Preparation Facility (PPF) so that funding proposals respond to the needs and priorities of the most climate-vulnerable communities.
Chapter 1 sets out the key design changes needed during project preparation and how to leverage feasibility and participatory approaches to tailor solutions to local contexts.
Chapter 2 gives guidance on designing five financing and delivery models: local adaptation planning, budgeting and implementation; community-led small grants; on-lending; local market creation; and local co-investment platforms.
The guidance works within existing GCF policies and adds no new requirements. Accredited entities, PSAA applicants, executing entities, PPF service providers and other partners can use it to build local leadership into proposals. It can also serve as a reference when drafting terms of reference for PPF requests.