The 1974 Rothmans 5000 European Championship was a motor racing series for Formula 5000 cars. The series was organized in the United Kingdom by the British Racing and Sports Car Club, but also incorporated European rounds. It was the sixth in a sequence of annual European Formula 5000 Championships, and the second to be contested as the Rothmans 5000 European Championship. The 1974 championship was won by Bob Evans, driving a Lola T332.
The championship was contested over eighteen rounds.
Championship points were awarded on a 20-15-12-10-8-6-4-3-2-1 basis for the first ten places at each of the first seventeen rounds and on a 40-30-24-20-16-12-8-6-4-2 basis for the first ten places at the final round. Each driver could retain points from fourteen rounds.