Beautiful, inclusive and sustainable neighbourhoods for communities

Home Funding Calls for proposals Understanding capital market dynamics for increased investment in New European Bauhaus projects in neighbourhoods Understanding capital market dynamics for increased investment in New European Bauhaus projects in neighbourhoods HORIZON-NEB-2026-01-BUSINESS-02 Topic Call for proposal Internal navigation General information Topic description Topic updates Destination Conditions and documents Budget overview Partner search announcements Start submission Topic Q&As Get support General information Programme Horizon Europe (HORIZON) Call Beautiful, inclusive and sustainable neighbourhoods for communities (HORIZON-NEB-2026-01) Type of action HORIZON-RIA HORIZON Research and Innovation Actions Type of MGA HORIZON Lump Sum Grant [HORIZON-AG-LS] Open For Submission Deadline model single-stage Opening date 05 May 2026 Deadline date 01 December 2026 17:00:00 Brussels time Topic description 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: 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 Guidelines[8]. Proposals are expected to follow a participatory[1] and transdisciplinary[1] approach through the integration of different actors and disciplines. Proposals are expected to allocate at least 0.8% of their budget for engaging with the Horizon Europe-funded 'New European Bauhaus hub for results and impact' to share their intermediate and final results, findings and learnings, as well as to contribute to impact assessment. [1] See definition in the Glossary section of the NEB part of the HE WP26-27. [2] See definition in the Glossary section of the NEB part of the HE WP26-27. [3] See definition in the Glossary section of the NEB part of the HE WP26-27. [4] Examples include the EU Taxonomy, Fit for 55 package, and European Social Fund (ESF+). [5] See definition of ”beautiful” in the Glossary section of the NEB part of the HE WP26-27. [6] See definition in the Glossary section of the NEB part of the HE WP26-27. [7] Impact Investing Institute, ’Section 1: What is place-based impact investing?’, Impact Investing Institute website, accessed 29 September 2025, https://www.impactinvest.org.uk/learning-hub/place-based-impact-investing/what-is-place-based-impact-investing/. [8] European Commission, ’NEB Investment Guidelines’, New European Bauhaus, accessed 5 August 2025, https://new-european-bauhaus.europa.eu/tools-and-resources/neb-investment-guidelines_en . Sections of particular relevance for applicants to consider include: 1. Introduction; 2. Mapping the NEB; 4.4 Project risks; 5. Making the NEB case; and 6. Conclusions. [9] See definition in the Glossary section of the NEB part of the HE WP26-27. [10] See definition in the Glossary section of the NEB part of the HE WP26-27. Show more Topic updates 05 May 2026 The submission session is now available for: HORIZON-NEB-2026-01-BUSINESS-01, HORIZON-NEB-2026-01-REGEN-01, HORIZON-NEB-2026-01-PARTICIPATION-02, HORIZON-NEB-2026-01-BUSINESS-03, HORIZON-NEB-2026-01-BUSINESS-02, HORIZON-NEB-2026-01-REGEN-03, HORIZON-NEB-2026-01-REGEN-02, HORIZON-NEB-2026-01-PARTICIPATION-03, HORIZON-NEB-2026-01-PARTICIPATION-01 Show more Topic destination Innovative funding and new business models for transformation of neighbourhoods (2026-27) Revitalising neighbourhoods for communities to come together is about ensuring the right conditions. Innovative funding and new business models can provide the necessary framework and incentives to rethink how solutions and projects are designed, planned, executed, and invested in for the structural and systemic transformation of neighbourhoods[1] in line with New European Bauhaus (NEB) values[1] and working principles[1]. Demonstrating the socioeconomic, environmental, financial, aesthetic[4] and cultural value creation of NEB-aligned solutions and projects can incentivise stakeholders in the built environment[1] and its related ecosystems (e.g. construction[1], banking, insurance, social economy, and real estate) to invest and participate in the circular[1], inclusive[1], affordable, accessible, sustainable[1] and culturally significant revitalisation of neighbourhoods. New business and innovative funding models are thus crucial to encourage long-term and life-cycle thinking in the built environment while enhancing its long-term, sustainable competitiveness. This Destination will address three of the Commission political guidelines 2024-2029, namely: A new plan for Europe’s sustainable prosperity and competitiveness Supporting people, strengthening our societies and our social model Sustaining our quality of life: Food security, water and nature This Destination supports the NEB Facility’s overarching aim to drive the implementation of the European Green Deal on the ground. Its focus on circular economy principles, biodiversity, responsible and sufficient use of natural resources, and sustainable competitiveness contributes to the Clean Industrial Deal[10], EU Circular Economy Action Plan[11], new Circular Economy Act[12], Zero Pollution Action Plan[13], EU Biodiversity Strategy[14], and European Climate Adaptation Plan[15]. This Destination also seeks to engage local stakeholders and the local social economy in neighbourhood transformation while addressing community[1] challenges and needs as well as better understanding and leveraging appropriate market dynamics. It thereby offers potential contributions to the EU Startup and Scaleup Strategy[17]. By focusing on the reuse of the existing building stock, the provision of key social infrastructures[1] and services, and addressing homelessness[1] at neighbourhood level, it also contributes to the EU Renovation Wave[20] and potentially contributes to the European Affordable Housing Plan[21]. In work programme 2026-2027, this Destination contributes to the following overarching expected impacts set out in the Horizon Europe strategic plan 2025-2027: 8. Realising the full potential of cultural heritage, arts, and cultural and creative sectors 9. Strengthening social and economic resilience and sustainability 15. Achieving global leadership in climate-neutral, circular and digitized industrial and digital value chains In addition, proposals for topics under this Destination should set out a credible pathway to contributing to the development of innovative funding and new business models for the transformation of neighbourhoods, and more specifically to one or several of the following impacts: Better understanding of the contextual local conditions that drive or hinder sustainable neighbourhood developments and the uptake of NEB-aligned solutions and projects, such as capital and real estate market dynamics and socioeconomic, cultural, demographic, and climatic changes. Anticipation and consideration of future needs, functions and inhabitants (including more-than-human[1] perspectives) of neighbourhoods and their developments towards the future. Demonstrated socioeconomic, financial, environmental, cultural, and aesthetic value of NEB-aligned solutions and projects driving the revitalisation of the built environment in neighbourhoods. Increased investment in the transformation of neighbourhoods in line with NEB through alternative, innovative, and community-based investment and ownership approaches[23]. Community and place-based approaches that adopt a systemic perspective and use co-creation[1] approaches with diverse local stakeholders, including marginalised or underrepresented groups or those in a vulnerable situation, and contribute to addressing pressing community challenges and needs such as homelessness and housing. ⁠Circular manufacturing, renovation, and reuse approaches in the built environment contribute to the sufficient use of resources and space. When possible and relevant, actions are strongly recommended to collaborate with and build on the results of past and ongoing research projects, including regional, national or European funded projects, to ensure consistency and continuity in research. [1] See definition in the Glossary section of the NEB part of the HE WP26-27. [2] See definition in the Glossary section of the NEB part of the HE WP26-27. [3] See definition in the Glossary section of the NEB part of the HE WP26-27. [4] See definition of "beautiful” in the Glossary section of the NEB part of the HE WP26-27. [5] See definition in the Glossary section of the NEB part of the HE WP26-27. [6] See definition in the Glossary section of the NEB part of the HE WP26-27. [7] See definition in the Glossary section of the NEB part of the HE WP26-27. [8] See definition in the Glossary section of the NEB part of the HE WP26-27. [9] See [... συνέχεια στην επίσημη πρόσκληση]