Finance

How we are funded

The IFS is non-profit and non-political and receives funding from a range of sources, including the Economic and Social Research Council, UK Government departments, foundations, the European Research Council, international organisations, companies and other non-profit organisations. Funding is received either for specific research projects or via our two ESRC research centres, the Centre for the Microeconomic Analysis of Public Policy and the Centre for Microdata Methods and Practice. Research Councils award funding for academic research independently of government; funding is awarded on the basis of scientific excellence, through a process of peer-review. The IFS never accepts funding for a research project - or indeed funding of any kind - that relies on a specific result being found or that compromises our independence and neutrality. All of our own publications are available free of charge for the public to read.

IFS receives the highest ratings for transparency in information made public about funding, from Who Funds You? (rated A - last rating in 2019) and Transparify (rated 5 stars - last rating in 2018). More details about these ratings can be found on the Who Funds You? website.

The majority of IFS income goes directly to specific research projects. Below is a list showing income from individual funders for projects current in 2017. See the spreadsheet below for details of individual projects and notes about funders.

• Download a list of detailing all current projects and associated income.

Project and Centre funding

The Institute also generates a small contribution to its overall costs from its members (1.4%) including corporate members (1%), publication of the Institute’s quarterly journal, Fiscal Studies (0.6%), and its events programme (1.3%).

Corporate members

We are grateful to all of our members for helping to support the work that we do. Please note that none of our publications necessarily reflect the views of any of the below members.

£1,000 - £10,000

Bank of England
Chartered Institute of Taxation (CIOT)
City of London Corporation
Confederation of British Industry
Deloitte LLP
Elliot Advisors (UK) Ltd
Equity Release Council
Frontier Economics
Gibson, Dunn and Crutcher
HM Revenue and Customs
HM Treasury
HSBC Holdings Plc
ICAEW
KPMG
Lane Clark & Peacock
Mercer
National Audit Office
Pension and Lifetime Savings Association
PwC
RELX Group
Royal London
Shell
Standard Life
Universities UK
Wellington Management International Ltd
Zurich Financial Services

>£100 - £1,000

Treasury Comittee
House of Commons Library
Houses of the Oireachtas Service
John Swire & Sons Ltd

Annual reports and accounts

• Accounts for 2019
• Accounts for 2018
• Accounts for 2017
• Accounts for 2016
• Accounts for 2015
• Accounts for 2014
• Accounts for 2013
• Accounts for 2012
• Accounts for 2011
• Accounts for 2010
• Accounts for 2009
• Accounts for 2008
• Accounts for 2007
• Accounts for 2006
• Accounts for 2005
• Accounts for 2004
• Accounts for 2003
• Accounts for 2002
• Accounts for 2001
• Accounts for 2000
• Accounts for 1999