The UEPF provides technical assistance grants for preparing bankable infrastructure projects. Through these grants, clients can hire experts and consultants to carry out the required preparation work.

Project preparation activities supported by these grants are critical to improve project quality, ensure bankability in terms of economic, environmental and social sustainability and implementation readiness.

Upon a project's successful passage through the UEPF's Project Screening Committee and subsequent inclusion in the UEPF's Rolling Investment Pipeline, the client, in coordination with the UEPF project team, may submit a fully completed Application Form to petition for a UEPF grant. This submission necessitates comprehensive information addressing preparation gaps, funding prerequisites, and rationale for the utilization of the UEPF grant, among other essential elements.

The UEPF project team will scrutinize the application, conducting an in-depth assessment, and may subsequently develop a proposal advocating for the grant's approval, predicated on their evaluation. This proposal will then proceed to the UEPF 's Special Funds Committee for review and recommendation to the President for sanctioning, provided that the cumulative sum of all UEPF grants allocated for a specific project remains below USD 5 million. Conversely, if the total grants surpass this threshold, the proposal advances for further consideration by the Board of Directors. Upon endorsement, the UEPF and the client formalize their accord through a grant agreement, facilitating disbursements as outlined by the conditions and schedule stipulated within the agreement.

Assuming the client's submission meets all prerequisites and offers comprehensive information, coupled with a compelling rationale for the UEPF grant, the approval process typically concludes within a window of three to four weeks from the date of UEPF's receipt of the grant application.