Significant design efforts were undertaken during the Pre-Concept Design (PCD) phase of the European DEMO programme to optimize the Helium Cooled Pebble Bed (HCPB) breeding blanket. A gate review was conducted for the entire European DEMO programme at the conclusion of the PCD phase. This article presents a summary of the design evolution and the rationale behind the HCPB breeding blanket concept for the European DEMO. The main performance metrics, including nuclear, thermal hydraulics, thermal mechanical, and tritium permeation behaviors, are reported. These figures demonstrate that the HCPB breeding blanket is a highly effective tritium-breeding and robust driver blanket concept for the European DEMO. In addition, three alternative concepts of interest were explored. Furthermore, this article outlines the upcoming design and R&D activities for the HCPB breeding blanket during the Concept Design phase (2021-2027).