We provide funding and fellowships to support and further our research agenda:
We are also willing to consider providing a letter of support for any external research proposal that is of particular relevance and promise for our own research agenda.
Research Donations Committee
Our Research Donations Committee (RDC) prioritises funding for projects and activities that support our research agenda. It also considers projects or events that contribute to our understanding of our mission to promote the good of the people of the UK by maintaining monetary and financial stability.
The RDC’s funds are limited and we rarely make individual awards of more than £10,000. If we fund your research project or event, you will have to provide us with a brief report on the outcomes.
The RDC does not fund undergraduate or graduate studies, or PhD research. It is only available to those who are affiliated with an academic or policymaking institution.
The committee makes three kinds of grant:
Funding for research projects
We can provide ‘seedcorn’ support to research projects. We will consider all projects that contribute to increasing our understanding of the Bank’s mission, but projects in line with our research agenda will be prioritised.
Research projects application form
Funding for workshops and conferences
We can provide partial funding for workshops and conferences which are likely to lead to a wider understanding of subjects related to our mission. Their subject and timing should not overlap with our own conference programme. We may also be able to help you organise your event.
Workshops and conferences application form
Funding for organisations
We can provide financial support to organisations whose work we value highly and which contributes to our research agenda.
Organisations application form
How to apply for funding
Fill out the relevant application form and email it to MA-RDCSecretary@bankofengland.co.uk.
The deadlines for applications are 3 May 2017 and 8 November 2017. Any applications received after these dates will be carried forward to the next biannual meeting.
For further information, email MA-RDCSecretary@bankofengland.co.uk or call +44 (0)20 3461 5402.
Houblon-Norman and George Fellowships
Houblon-Norman and George Fellowships are awarded to promote research into and disseminate knowledge and understanding of the working, interaction and function of financial business institutions in the UK and elsewhere and the economic conditions affecting them.
Both funds are administered by trustees, on the advice of an expert committee.
One of the fellowship trustees must be a current Bank of England Governor or Deputy Governor. The current trustees are:
- Dr Ben Broadbent, Chair (appointed 2014)
- David Prentis (appointed 2012)
- Alexander Brazier (appointed 2015).
Fellowship advisory committee
The advisory committee is appointed by the trustees. It is made up of three people who have the academic standing and knowledge to make recommendations on who is awarded a fellowship.
The committee is currently made up of:
- Professor Andrew Scott, Chairman (appointed in 2010)
- Andrew Haldane (appointed 2014)
- Professor Silvana Tenreyro (appointed 2016).
Who is eligible for a fellowship?
Our fellowships will enable successful applicants to engage in full-time research on an economic or financial topic of their own choice, preferably one that it would be particularly beneficial to study at the Bank of England. When they consider applications, the trustees will pay particular attention to how relevant the research is to current problems in economics and finance.
Senior fellowships will be awarded to distinguished researchers who have established a reputation in their field. Fellowships will also be available for younger postdoctoral or equivalent applicants. The length of the fellowship will be agreed with you, but will not normally be less than one month or more than one year. Senior fellowships are open to all nationalities, but British and EU nationals will be given priority for ordinary fellowships.
The total amount distributed in any year rarely exceeds £120,000. The award will broadly reflect the circumstances of successful candidates, and will as much as appears necessary for their work to be undertaken. Fellows will be provided with office accommodation at the Bank of England and secretarial and other necessary support services. In some circumstances, the award might take the form (in whole or part) of payment to the individual's present employer. A further allowance may be made to cover travelling expenses or other incidental costs. Fellows will not be able to carry out teaching or other paid work during their tenure without the trustees’ consent.
Applying for a fellowship
Applications for 2017/18 are now closed.
To apply, fill out the application form and email it to MA-HNGFund@bankofengland.co.uk.
Fellowship application form
You can also use the email for queries about the fellowship or the application form, or call +44 (0)20 7601 3778.
History of the fellowships
The Houblon-Norman Fellowship was established in 1944 to celebrate our 250th anniversary. It is named after the first Governor of the Bank, Sir John Houblon, and the Governor at the time of the anniversary, Montagu Norman.
The George Fellowship was established in 2003 to recognise former Governor Sir Edward George’s lifelong service to the Bank, and his role as the first chair of our Monetary Policy Committee.