The Bank's mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. The Research Donations Committee (RDC) provides limited amounts of funding for projects and activities that support the Bank’s research agenda or other aspects of our mission. It makes three kinds of grants.
1. Research projects
The RDC provides ‘seed corn’ support to research projects. All projects that contribute to increasing our understanding of the Bank’s mission are considered, but those projects that fall under the One Bank Research Agenda are prioritised. The RDC does not, in general, support PhD research.
2. Workshops and conferences
The RDC provides partial funding for the organisation of workshops and conferences that are likely to lead to a wider understanding of subjects related to our mission, and do not overlap in terms of subject and timing with the Bank of England's Conference Programme. Those with a focus on One Bank Research Agenda topics are prioritised. Moreover, the RDC offers the possibility of the Bank becoming a co-organiser of the workshop or conference.
The RDC provides financial support to organisations whose work is valued highly by the Bank and contributes to the pursuit of the Bank's research agenda.
The RDC's funds are limited and it rarely makes individual awards of more than £10,000. For applications of types 1 and 2 we require the applicants to provide a brief report after completion of the project or event describing the outcomes (eg results, publications, attendance, list of papers, etc.).
using the appropriate application form:
The deadlines for applications to be included for discussion at the bi-annual meetings are 3 May 2017 and 8 November 2017. Any applications received after these dates will be carried forward to the next meeting.
Frequently Asked Questions
What does the RDC support?
The RDC prioritises research projects and workshops/conferences that fall under the One Bank Research Agenda. But it also considers research projects and workshops/conferences that contribute to increasing our understanding of the Bank’s mission more broadly. For more information on relevant topics which might not be included in the One Bank Research Agenda
, see the Bank’s Publications
Does RDC funding cover research by individuals not affiliated to an academic or policymaking institution?
Does RDC funding cover undergraduate, graduate or advanced (postgraduate) studies such as a Masters degree or PhD?
For any further information, please contact:
Research Donations Committee
MRD, FSSR, MG-02
Bank of England
Phone: +44 (0)20 7601 5402