The Houblon-Norman Fund was established by the Bank of England. 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".
The award for this appointment will broadly reflect the circumstances of the successful candidate, and will be what appears necessary to enable the work to be undertaken; in appropriate 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 costs incidental to the work.
In considering applications, the Trustees will pay particular regard to the relevance of the research to current problems in economics and finance.
The conditions governing applications for Houblon-Norman and George Senior Fellowships and Fellowships are as follows-
Senior Fellowships will be open to all nationalities. For ordinary Fellowships, however, preference will be shown to British and other EU nationals. The Trustees are keen that the results of research assisted by them should be published. In addition, a successful applicant will be expected to comply with any particular conditions laid down, such as the signing of a declaration of secrecy, in respect of the confidentiality of the Bank's business, and to provide reports from time to time to the Trustees on the progress of their work.
Applicants are strongly advised to allow for any increases in costs expected during the course of the research.
Applications will not be considered "out of season" save in exceptional circumstances.