Institutions eligible to apply are universities, other institutions of higher education in the UK, and registered charities in the UK which have research capacity equivalent in standing to that of a UK university. The scheme is also open to institutions or organisations of similar standing in countries where the provision of research funding is seriously limited. Principal Investigators are not eligible to apply from institutions or organisations located in North America or elsewhere in the European Union.
The applicant (Principal Investigator) must take responsibility for directing the grant, and his/her employing institution must also agree to administer the grant. Eligible applicants will already be employed by the eligible institution or be an academic who has maintained close links with that institution following retirement. Applications can be submitted by those holding contract research posts provided that their appointment continues for a period at least equal to the span of the requested award. Up to three co-applicants from the same or different institutions may also be included.