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Horizon Europe · European Union

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

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The EU's Horizon Europe programme expects to make 2 awards of €3.5 million each, from a total budget of €7 million. Applications close on 1 Dec 2026 (EU calls usually close at 17:00 Brussels time). Organisations in EU member states and Horizon Europe associated countries such as Türkiye can usually take part; the topic conditions control.

Deadline
1 Dec 2026 (in 16 days)
Grant amount
€3.5 million per project
Total budget
€7 million
Funding rate
100% of eligible costs Standard rule for this programme; the call can differ.
Total budget
€7 million
Expected awards
2
Type of action
HORIZON Research and Innovation Actions · HORIZON Lump Sum Grant
Likely applicant types
Companies, SMEs / start-ups, Non-profits, Universities & research, Public bodies From source categories or programme rules; the call decides.
Funder
Horizon Europe (HORIZON)
Reference
HORIZON-NEB-2026-01-BUSINESS-02
Call
HORIZON-NEB-2026-01
Last checked
14 Nov 2026

Open the official call ↗ Add deadline to calendar

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.

Read the full text

Proposals are expected to address all of the following:

• Analyse the capital market dynamics that influence investments in NEB-aligned projects for the transformation of neighbourhoods. This includes analysing at least the following:

• The size, scale, and diversity as well as the barriers, risks, and drivers of capital market demand and supply for NEB-aligned projects.

• The context of NEB-aligned investment projects, including political, financial, economic, regulatory, and cultural dimensions.

• Based on the above, develop an innovative investment solution that addresses and leverages the analysed capital market dynamics towards increased investment in NEB-aligned projects. The investment solution is expected to:

• Leverage place-based impact investing approaches and is encouraged to combine them with other diverse and out-of-the-box investment approaches, frameworks, or funding schemes that contribute to social, environmental, aesthetic, and cultural impact in neighbourhoods. This may include the use of innovative digital financial instruments, platforms for community co-investment, or blockchain-enabled transparency mechanisms, among others.

• Determine the types of capital (including, but not limited to, impact funds, real estate investors, family and pension funds, philanthropists, donors, and insurance companies) that can be mobilised and validate how to mobilise them.

• Provide recommendations for decision-making on avenues to secure future funding and financing.

• Support investors to assess the investment potential and returns (including economic, social, cultural, aesthetic and environmental) of NEB-aligned neighbourhood projects.

• Conduct the above analysis and validate the developed solution in at least three different Member States and/or Associated Countries.

Projects are expected to integrate and build upon the New European Bauhaus Investment…

Who can apply

Consortium of at least 3 independent legal entities from 3 different EU Member States or associated countries, at least one in a Member State (Horizon Europe standard rule).

Applicant categories are a starting point. The official call decides eligibility.

Topics

Environment, resources and sustainability Financing / Investment Schemes Participatory/Participation Real estate Social Inclusion Societal impact Sustainability Sustainable development and climate action

Timing

Single-stage call. Next deadline 2026-12-01. The portal states the exact cut-off time (EU calls usually close at 17:00 Brussels time).

How to apply

  1. Read the full topic on the Funding & Tenders Portal: expected outcome, scope, type of action and the topic conditions, including any country restrictions.
  2. Register each participating organisation in the Funding & Tenders Portal to get a PIC.
  3. Consortium of at least 3 independent legal entities from 3 different EU Member States or associated countries (Horizon Europe standard rule; Türkiye is associated). Confirm in the topic conditions.
  4. Prepare Part A (administrative forms and budget, completed in the portal) and Part B (the technical description on the official template for this type of action).
  5. Submit in the portal before the cut-off time on the deadline day. Late submissions are not accepted.

From the call text

Who can apply
Not stated in the call text we hold — check the official page
Company stage
Not stated in the call text we hold — check the official page
Single applicant or consortium
Read the topic conditions on the EU Funding & Tenders Portal for eligible countries, consortium requirements, budget and the application route.
Where applicants must be based
Read the topic conditions on the EU Funding & Tenders Portal for eligible countries, consortium requirements, budget and the application route.
Where to apply
Read the topic conditions on the EU Funding & Tenders Portal for eligible countries, consortium requirements, budget and the application route.

Read the EU application guide

Where these facts come from

FactValueHow we knowTaken from the source
Deadline1 December 2026
“Single-stage call. Next deadline 2026-12-01. The portal states the exact cut-off time (EU calls usually close at 17:00 Brussels time).”
official data field15 Nov 2026
Amount per applicantUnknown — not stated in the source we holdunknown—
Total budget€7 millionofficial data field15 Nov 2026
Funding rate100% of eligible costsprogramme standard rule15 Nov 2026
Who can applyConsortium of at least 3 independent legal entities from 3 different EU Member States or associated countries, at least one in a Member State (Horizon Europe standard rule).programme standard rule15 Nov 2026
Where to applyRead the topic conditions on the EU Funding & Tenders Portal for eligible countries, consortium requirements, budget and the application route.read from the official text15 Nov 2026

Official sources

Official call page

Facts on this page come from the funder’s official data, taken on 14 Nov 2026. The funder's own documents, including later amendments, always take precedence.

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