The 2020 European Strategy for Particle Physics (ESPP) emphasized the critical importance of completing the High-Luminosity LHC (HL-LHC) upgrade of both the accelerator and experiments in a timely manner, identifying it as a top priority for the field. The strategy also established two key recommendations for future accelerator initiatives: (i) the realization of an electron–positron Higgs factory as the highest-priority next collider, and (ii) the investigation, in collaboration with international partners, of the technical and financial feasibility of a hadron collider at CERN with a centre-of-mass energy of at least 100 TeV, potentially preceded by an electron–positron Higgs and electroweak factory. In alignment with these objectives the Future Circular Collider (FCC) programme—comprising FCC-ee and FCC-hh—represents the preferred path forward for CERN, offering both precision and energy-frontier capabilities.
However, the 2025 ESPP update calls for the identification of prioritized alternative options should the preferred FCC pathway prove unfeasible or non-competitive. In this context, we propose LEP3, an electron–positron collider reusing the existing LHC tunnel, as a strategic backup to FCC-ee. LEP3 would exploit much of the research and development already carried out for FCC-ee, enabling high-precision studies of the Z, W, and Higgs bosons below the top–antitop production threshold. Combining strong physics potential with reduced cost, LEP3 provides performance comparable or superior to other fallback options—such as linear, muon, or LHeC colliders—while maintaining the technological continuity essential for a future energy-frontier collider. Conceived as a contingency, LEP3 complements, rather than competes with, the FCC-ee proposal. This talk will explore the LEP3 option.