Houblon-Norman and George Fellowships for the Study of Financial Business Institutions
The Houblon-Norman Fund was established by the Bank of England in 1944 to mark the 250th Anniversary of the Bank's foundation: Sir John Houblon was the first Governor and Montagu Norman was the then outgoing Governor of the Bank. George Fellowships were established within the fund in June 2003 in recognition of the lifelong achievements and service to the Bank of Sir Edward George, and in particular his role as the first chair of the Monetary Policy Committee. These Fellowships sit alongside the Houblon-Norman Fellowships and share the same objective. The Fund is administered by trustees, on the advice of an expert Committee.
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 Great Britain and elsewhere and the economic conditions affecting them".
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.