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

Call UE del programma Horizon Europe (HORIZON), bando "Beautiful, inclusive and sustainable neighbourhoods for communities" (HORIZON-NEB-2026-01). Tipo di azione: HORIZON Research and Innovation Actions. Stato: aperta. Prossima scadenza: 01/12/2026 (single-stage). Testo ufficiale (in inglese): 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…