The HiPER reactor is the HiPER project phase devoted to power production. To reach a preliminary reactor design, tritium breeding schemes need to be adapted to the HiPER project technologies selection: direct drive ignition, 150 Hz of power released through fusion reactions, and the dry first wall scheme. In this paper we address the main challenge of the HiPER EUROFER-based self cooled lead lithium blanket, which is related to the corrosive behavior of Pb–15.7Li in contact with EUROFER. We evaluate the cooling and corrosion behavior of the so-called separated first wall blanket (SFWB) configuration by performing thermo-fluid dynamics simulations using a large eddy simulation approach. Despite the expected improvement over the integrated first wall blanket, we still find an unsatisfactory cooling performance, expressed as a low outlet Pb–15.7Li temperature plus too high corrosion rates derived from local Pb–15.7Li high temperature and velocity, which can mainly be attributed to the geometry of the channels. Nevertheless, the analysis allowed us to devise future modifications of the SFWB to overcome the limitations found with the present design.