Grant currency exchange policy

Grants are usually awarded in a single currency. Multiple currency awards will only be considered in very exceptional circumstances.

The grant application form asks you to submit costs in the currency you think will best enable you to undertake the activity. In most cases, this will be your local currency. If you ask for a different currency, you must explain why.

If you need to make significant payments in more than one currency for reasons outside of your control, you can ask for your grant to be awarded in more than one currency.

If your application is successful, we will award your grant in the currency you asked for. If we're unable to do this, we will talk to you about using another currency.

You cannot change the currency of a grant after it has been awarded, unless you are transferring your grant to an organisation in a different country.

Your organisation must cover any extra costs if you chose the currency the grant was awarded in and your research costs increase due to foreign currency movements.

Wellcome will only consider providing extra funds if:

• your grant was not awarded in the currency you asked for, and
• currency movements mean your research costs increase, and
• there is a significant risk that you will not be able to complete your award activities.

You should contact us to request this supplement in the final 12 months of your award.