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Home / Horizon Europe / HORIZON-NEB-2026-01-BUSINESS-02

Understanding capital market dynamics for increased investment in New European Bauhaus projects in neighbourhoods

Open now · HORIZON Research and Innovation Actions · HORIZON-NEB-2026-01-BUSINESS-02

Next cut-off
01 Dec '26
in 86 days
Per grant
€3.5M
the call's own average
Grants expected
2
projects that will be funded
Funding rate
100%
the full cost of the action

In context of Horizon Europe

This grant€3.5M
The track runs to the largest grant in Horizon Europe (€171M). The median across the 482 calls we publish is €5.3M, this one is below it.

What this call funds

Expected Outcome:

Project results are expected to contribute to all of the following expected outcomes:

  • Project promoters, public authorities, and investors have a better understanding of the capital market demand and supply dynamics that underlie investments in projects fostering the transformation of neighbourhoods[1] in line with the New European Bauhaus (NEB).
  • Increased investments towards NEB-aligned projects for the sustainable[1] and inclusive[1] transformation of neighbourhoods.

Scope:

Increased investment in projects for the transformation of neighbourhoods in line with the New European Bauhaus (NEB) may be hindered due to a discrepancy between the demand and supply of capital in terms of size, diversity, returns, and risk. Small-scale NEB-aligned projects typically encounter large, short-term oriented, and highly risk-averse investment funds, which seek investment opportunities able to absorb large amounts of funding, driven by present legislation[4].

Place-based impact investing is an approach that can contribute to investments in NEB-aligned neighbourhood projects by providing risk-adjusted financial returns while creating local social, cultural, aesthetic[5] and environmental value and by helping to meet local needs in terms of community[1] well-being, social inclusion, local economic resilience, and sustainable development[7].

There is a need for research to understand the capital demand and supply-side aspects that influence and shape investments in NEB-aligned neighbourhood projects and to identify appropriate mechanisms to attract increased investment.

Proposals are expected to address all of the following:

Trimmed here, the full scope, expected outcomes and award criteria are on the official topic page ↗.

What applying costs you

ItemEstimateNote
Drafting effort6–8 weekssingle submission
Partner search4–8 weeksruns in parallel, and it is the part that slips
Time to first payment6–9 monthscut-off → evaluation → grant agreement

These are Bemzu's estimates from the call's structure (the number of stages and whether a consortium is required) not figures published by the Commission. Only the co-financing share is read from the call itself.

Where these conditions come from

Two kinds of row. Most are the sentence we read the condition from, quoted out of the call itself. Some say plainly that they are not a quotation but the programme's own rule for this type of action, the EU portal publishes a table of contents where the conditions should be, so for a Research and Innovation Action the rate comes from the rulebook rather than from the fiche.

ConditionQuoted from the call, or the rule behind it
Consortium sizeNot quoted from this call — Research and Innovation Actions under the Horizon Europe rules are at least three independent legal entities from three different Member States or Associated Countries, at least one established in a Member State.
Countries• Conduct the above analysis and validate the developed solution in at least three different Member States and/or Associated Countries.
Funding rateNot quoted from this call — Research and Innovation Actions under the Horizon Europe rules are funded at 100% of eligible costs for every participant.

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