Is partial demolition except for the basement considered new construction or old building renovation?

My question aims at the fact that there are different funding pools for new construction and renovation. How should my project be classified? Does the demolition down to the basement already count as new construction or still as old building renovation?

Does the demolition down to the basement already count as a new build or still as old building renovation?

That is already a new build you are planning. You also need a building permit. P.S. I assume that you are also building new besides the demolition. Because pure demolition is not eligible for subsidies.