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Old Palace student awarded exceptional Bank of England scholarship.

Old Palace student receives exceptional Bank of England scholarship award.

The Bank of England has recently awarded university funding and other support to three students as part of their Black African and African Caribbean scholarship scheme.

Special congratulations go to Abigael Bamgboye of Old Palace of John Whitgift school in Croydon, who, along with two other students from schools in the UK, received the scholarship award 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."

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. Commenting on the award, Abigael said: "I feel delighted and immensely honoured to have been selected to take part in the Scholarship scheme. My time at Old Palace has given me the skills, confidence and opportunities to develop as an individual and I am extremely grateful for support and encouragement that I have received from teachers and staff."

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.

Photo and article credited to the Bank of England. [Abigael Bamgboye second from right in photo]

For further information on Old Palace School, visit their webpage.

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