The Bank of England is proud to have awarded university funding and other support to three students as part of our Black African and African Caribbean scholarship scheme.
Congratulations to Gavra Nwamadi of St Olave’s and St Saviour’s Grammar School in Bromley, Joshua Williams of CTC Kinghurst Academy in Birmingham and Abigael Bamgboye of Old Palace of John Whitgift school in Croydon, who all received the awards at a reception hosted by the Bank. Two other shortlisted students were awarded bursaries, and a further five were awarded paid internships.
The three scholarship winners will each receive funding of up to £30,000 towards their living costs and other expenses while at university, plus two paid summer internships at the Bank as well as other skills training and support throughout their time at university.
This is the second year of the Bank of England’s Black African and African Caribbean scholarship programme, which was expanded this year to receive applications from across the country. Over 2,000 applications were received and the scholarship winners were chosen from a final shortlist of 25 exceptional candidates, who took part in an assessment centre at the Bank consisting of an interview, presentation and group exercise.
The awards reception was held in the Bank’s historic Court Room where the students received certificates from Andy Haldane, the Bank’s Chief Economist. Andy is also the Executive Sponsor of the Bank’s Ethnic Minority network (BEEM) which initiated the Scholarship programme last year.
Commenting, Andy said: “All of the remarkably talented young people who were shortlisted for the Bank’s Afro-Caribbean Scholarship programme should be exceptionally proud of their achievements. We expect them to go on from strength to strength in their careers and I hope this will be the start of a long and rewarding relationship with the Bank.”
Gavra is awaiting her A level results in Mathematics, Further Mathematics, Chemistry and Physics and has applied to study Chemical Engineering at UCL.
Joshua has secured a place at the University of Birmingham to study Politics and International Relations from September onwards.
Abigael is awaiting the results of her A-levels in Chemistry, Physics, Mathematics and Further Mathematics and has applied to study Material Science and Engineering at Imperial College, London University.
The Bank is committed to attracting and inspiring the best people to public service, and in doing so, reflect the diversity of the United Kingdom.
One of the key aims of the Bank of England Ethnic Minorities Network (BEEM) is to raise awareness that the Bank is an inclusive and empowering workplace for everyone regardless of gender, ethnicity, background, belief or orientation and they were a key driver in the creation of this scholarship in 2015. This is just one of a number of initiatives the Bank is involved in to promote the Bank as a diverse employer to a wider range of potential applicants, including the BAME community. In addition, the Bank has a long-standing relationship with African Caribbean Diversity (ACD) dating back to the inception of ACD in 2003.
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