The Board accepts applications from registered institutions seeking institutional accreditation. The criteria for accreditation are the standards of quality by which the Saint Vincent and the Grenadines National Accreditation Board (SVGNAB) determines whether an institution merits accreditation or reaffirmation of accreditation (also referred to as reaccreditation).

Accreditation is for a maximum period of seven years prior to reaccreditation. Act No.35 of 2006 gives NAB the power to accredit institutions and programmes of study in St Vincent and the Grenadines and to provide for the process and mechanism of accrediting institutions and programmes of study. In furtherance of these objectives, a national quality assurance and accreditation system has been developed, and responsibilities assigned, to execute the functions specified in the Act.

The board expects accredited institutions to maintain standards and to work towards improving their quality and effectiveness while continually striving for excellence.

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