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 provides limited funding for projects and activities that contribute to increasing our understanding of this mission. It makes four kinds of grants.
- To provide 'seed corn' support to research projects.
- Partial funding of larger projects.
- To contribute to the cost of publications, conferences and similar events that are likely to lead to wider understanding of subjects under mission. The Bank would usually expect to be one of a number of contributors rather than a sole sponsor.
- To provide financial support to organisations whose work is valued highly by the Bank and contributes to the pursuit of the Bank's mission.
The RDC's funds are limited and it therefore rarely makes individual awards of more than £10,000. It does not, in general, support PhD research, and it does not support undergraduate or graduate studies.
Project proposals should include:
- A one-page summary of the project.
- A longer proposal – say 5-10 pages – setting out the aims, methodology and relation to the literature, as well as the experience of the researchers and the time and resources devoted to the project.
- CVs of the principal researchers.
- Breakdown of costs.
Other applications should explain why the proposed activity or organisation helps contribute to the Bank’s mission and the precise uses to which the donation will be put.
For applications of types 1, 2 and 3 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).
The deadlines for applications to be included for discussion at the quarterly meetings are 17 April, 16 July, 16 October, 15 January - any applications received after these dates will be carried forward to the next meeting.
Research Donations Committee
MA MASD, HO-2
Bank of England
Telephone: +44 (0)20 3461 6251.
Email: Lien Laureys
Frequently Asked Questions
How often does the Committee meet?
It tends to meet once a quarter.
What are the topics of interest to the Bank?
See the Bank’s Publications pages.
Does RDC funding cover research by individuals not affiliated to an academic or policymaking institution?
No, it does not.
Does RDC funding cover advanced (postgraduate) studies such as a Masters degree or PhD?
No, it does not.