Amazon Regional Fund Call for Proposals in Green Finance

We are pleased to announce that the UK PACT (Partnering for Accelerated Climate Transitions) programme has launched a new funding opportunity for Green Finance projects in Bolivia and Peru. The deadline for submitting Expressions of Interest is 3 July 2025 at 16:00 (UTC). 

Click here to watch  the market engagement event.

This call seeks to respond to demands for technical assistance and capacity building in accelerating Green Finance

Access to green finance is essential for advancing low-carbon, climate-resilient development in the Amazon region. In both Peru and Bolivia, the transition to sustainable economies is heavily dependent on mobilising private and public resources. However, access to financing remains a key barrier, particularly in rural and high-biodiversity areas, where infrastructure gaps and regulatory hurdles deter investment.  

In Bolivia, achieving the country’s updated NDCs will require nearly 30% of its current GDP, much of which is contingent on international support. Although recent green and social bond issuances signal momentum, structural reforms and better coordination are needed to unlock larger flows of sustainable finance. In Peru, the government aims to mobilise $5.8 billion in private green investments by 2030, yet a pipeline of bankable projects and innovative financing tools is still lacking, especially in the Amazon where biodiversity holds untapped economic potential.  

Through this Call for Proposals, UK PACT seeks to catalyse investments aligned with national climate goals by supporting the design and structuring of green projects. These could include clean energy, sustainable agriculture, nature-based solutions, and biodiversity-friendly business models that address the financing gap and boost inclusive, sustainable transitions in Amazon regions while explicitly tackling gender-based and structural barriers to financial access, participation and benefit-sharing among women, Indigenous Peoples, people with disabilities, youth and other marginalised communities and groups. 

Through this new funding opportunity, the Amazon Regional Fund will support projects that can contribute to the sustainable development through green and climate-related practices.

What are we looking for?

Following bespoke engagement with government counterparts, non-government organisations (NGOs), civil society, and the private sector, it is expected that projects under UK PACT contribute to expand and secure access to green finance in two areas of intervention:   

  1. Support the development of sustainable finance in Bolivia: generating the enabling conditions for increasing capital flows towards a successful transition to a low carbon economy in line with the country’s NDC.
  2. Promoting linkages and fostering ecosystem for bioeconomy value chains in the Peruvian Amazon:  enabling them to access finance, reach markets, and validate bio-based solutions through last-mile implementation (scaling). This includes building a pipeline of viable projects ready for investment and promoting a shared political instrument and joint vision for the bioeconomy, with clearly prioritised sectors to guide and sustain the growth process. 
Application specifications

How much should each project cost? 
Projects will receive grants of up to £500,000 per year (UK financial year, 1st April – 31st March), with a maximum of £1,000,000 total budget over 18 months total period of performance. Applicants should submit project proposals with a duration of 12 to 18 months. Projects will be selected through a two-stage competitive call for proposals.    

First stage will be a call for expressions of interest in which all applicants shall describe their organisation and provide a reference of a project successfully completed in the areas of interventions for which they are applying. After eligibility and capability assessment, short-listed applicants will be invited to submit a proposal with a clear indication of outputs to be achieved in the first year, and they must be able to demonstrate how they would achieve clear results and early concrete impacts within one year. Project continuity will be assessed based on a performance evaluation conducted at month 12. 

How long can each project last? 
All projects should aim to last up to 18 months and are expected to start around October 2025 and can end no later than March 2027. The proposals must have a clear indication of the outcomes expected to be achieved in the first year, as well as in any subsequent years of implementation. The projects that present a clear implementation plan, offer concrete deliverables, and demonstrate measurable progress toward intended outcomes—particularly within the current fiscal year (April 2025–March 2026)—will be prioritised to ensure timely delivery and alignment with programme and funding cycles.

Can a consortium apply? 
Yes, we welcome applications from consortia. For-profit and non-for-profit organisations can apply as lead. All consortia must have at least one local partner. A local partner is defined as an organisation that operates in each country under a National Register of Legal Entities, can be local organisations such as NGOs, companies of different size (large or SMEs), grassroot organisations, community associations, among others.

What type of organisations can apply? 
For-profit and non-profit organisations can apply. Government agencies and/or departments (including sub-national governments) are not eligible to apply either as a lead organisation or partner in a consortium.  

All organisations that consider themselves capable of delivering the project activities presented may submit proposals, considering aspects such as cost-effectiveness, project management, impacts on GEDSI (Gender Equality, Disability and Social Inclusion), technical capacity of the organisation or proposing consortium. 

What types of costs are eligible?  
All projects must be delivered on a not-for-profit basis. Eligible costs include:  
  • Consultancy and/or staff time required to deliver activities;
  • Reasonable travel and subsistence costs;
  • Other costs directly related to activities and outputs (workshop, seminars, production of reports, translation etc.).  
We cannot award funding for tangible assets e.g. computer and furniture. However, if such inputs are necessary for a project, then applications could include a co-founder to cover these elements.

Application timeline

The steps and indicative dates for each stage of the Call for Proposals in the Green Finance sector are outlined below:

Amazon GF timeline

 

How to apply

Projects will be selected through an open call to prospective applicants following two stages:
  1. Stage one: Expression of Interest (EoI) to outline the eligibility and capacity of applicants to respond to the call; and 
  2. Stage two: A request for detailed proposals for those shortlisted from the EoI stage. 
To start your application process, please read the Terms of Reference (ToR) in conjunction with the Applicant Handbook below. Then submit the Expression of Interest Form also linked below. Applicants must provide one clear reference of having successfully delivered a project over the last 5 years in at least one of the areas of intervention to be implemented.
Please note that only applicants shortlisted after the EoI stage will be invited to submit a full proposal along with the required annexes.
Amazon fund steps
All the guidance you will need can be found here:

Submit your Expression of Interest

The deadline for submitting Expressions of Interest is 3 July 2025 at 16:00 (UTC). Submissions will not be considered if they are received after the deadline.

If you run into any issues with accessing or sharing the relevant templates, please contact amazonfund@ukpact.co.uk before the deadline.

Market engagement event

Click here to watch our Green Finance market engagement webinar. This webinar was held on 18 June 2025 at 13:30 – 14:30 (UTC).