Objective
An increasing number of global public health challenges are being financed via blended finance today, and many more are in the pipeline. Although funding concerns have never been marginal in this field, the entry of blended finance constitutes a radical rupture with previous practice: while public finance did the heavy lifting until recently, ever-growing funding gaps are now being filled through catalysing private, for-profit investment. Complex financial engineering techniques are increasingly used to shepherd for-profit finance towards pressing global health issues, at a time when our knowledge about how these new financial matrices operate is lacking. Missing, in particular, is a picture of how global health challenges are transformed into attractive financial assets via de-risking, a key blended finance technique. This interdisciplinary project comprehensively addresses these consequential absences. Using quantitative and qualitative methods, and focusing on six important global public health partnerships, it is the first project to systematically interrogate both the complex asset-making processes involved, and the consequences of global health becoming a new investment frontier for private finance. The project is significant because global health issues are said to be intractable without leveraging private finance through blended finance which, in turn, exposes the public funders involved to considerable downside risks. Despite such exposure and its social, economic, and political consequences being potentially substantial, there is little public scrutiny on the nature of financial matrices of this kind. But, if anything, the more the urgency of funding global health challenges is used to justify the deeper penetration of for-profit investors into this part of the global social infrastructure, the more important it becomes to open up the ‘black box’ of blended finance so as to fully evaluate its costs and consequences for democratic accountability.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2025-ADG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
751 05 Uppsala
Sweden
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.