Applications are open from 16 October 2023 until 24 November 2023
Click here to download a copy of the application form in pdf
The Climate Finance Accelerator (CFA) is a global technical assistance programme funded by the UK government to support climate projects to access finance. The CFA operates in ten countries (Colombia, Egypt, Mexico, Nigeria, Peru, Pakistan, South Africa, Türkiye, Uganda, and Viet Nam) with the aim of encouraging the flows of finance required, to deliver on countries’ ambition to limit global warming to 1.5°C.
In Uganda, the CFA brings together the key actors in the climate finance investment chain: project proponents and developers, finance providers, and policymakers. Our aim is to facilitate a collaborative approach to unlocking finance for climate projects at scale and creating a pipeline of ‘investment ready’ low carbon projects. The CFA also seeks to deliver several co-benefits, such as supporting a just transition and green recovery efforts from COVID-19 through inclusive approaches to sustainable development, improved gender equality, and building resilience to climate impacts.
How the CFA Uganda can Support your project
The CFA is a practical and deal-oriented programme that supports climate projects to improve their bankability and appeal to financiers. Preparing projects that are attractive to investors is challenging. Low carbon projects are often perceived as higher risk as new technologies and business models are not widely understood. Regulatory and policy barriers can also create blockages in accessing capital at scale.
The Climate Finance Accelerator offers a range of capacity building support to assist climate mitigation projects in accessing finance. By engaging with the CFA programme, project developers can benefit from:
Access to investors: The CFA provides project developers greater opportunities to access finance by working with potential investors to understand their needs. Through the CFA’s reach, project proponents have the opportunity to engage with commercial and concessional investors, operating both nationally and internationally.
Coaching and best practice insights: The CFA provides access to expert insight and coaching. Through knowledge sharing sessions on what matters to financiers when taking the decision to invest, project developers will gain valuable insights and develop capabilities in making projects attractive and investment ready. For example, the CFA will advise on the development of key materials such as pitch decks for investors and marketing presentations.
Networking opportunities: Project developers will have the opportunity to expand their network with investors and other key stakeholders in the climate finance landscape. These include government representatives at national and local level, national and international development banks & agencies, and a cohort of projects facing similar challenges. The network will provide project developers with long-lasting benefits to current and future low carbon opportunities.
Increased visibility: Participation in the CFA and CFA events can raise the profile of a project amongst a range of stakeholders from regional and national policy makers, through to local and international finance providers.
Achieving low ESG (Environment, Social and Governance) project objectives: The CFA supports projects to realise and communicate their positive impacts, which are important to investors alongside commercial objectives. The CFA has access to climate, sectoral and social impact specialists and can assist projects to support local and national climate ambitions, as well as helping to unlock co-benefits such as poverty reduction, improved gender equality and social inclusion, and tackling biodiversity loss.