Royal Institution given £4.4m gift

March 20, 2013
By

Drawing of Albemarle StThe RI’s home since the 18th Century may be safe for the time being

The Royal Institution has received an anonymous £4.4m donation to help ease its financial troubles.

It means that one of the oldest scientific organisations in the world can hang on to its home in Mayfair, London, for a while yet.

The institution, founded in 1799 to link science with wider society, has been in difficulty for several years.

In January, the charity said it was considering selling its 21 Albemarle Street home because of its woes.

In a statement, the organisation’s chairman, Sir Richard Sykes, said: “This donation is very timely and will clear the RI’s bank debt, as well as giving us the breathing room to explore other options more fully.”

He stressed though that the organisation’s financial situation was far from resolved.

Members are also being informed about the latest efforts in developing a new vision for the RI.

This is being led by the Future Direction Committee, chaired by the Labour peer Lord Winston and includes Professor Brian Cox and the President of the Royal Society, Professor Sir Paul Nurse .

The RI ran into difficulties as a result of the board’s decision five years ago to re-fit its 18th Century building, and provide an upmarket restaurant and bar on the site.

The £22m project was intended to help attract more people to the institution and promote its work.

The plan failed and built up a multi-million-pound debt that led to the RI sacking its then director, Baroness Susan Greenfield.

Many notable scientists have worked at the Royal Institution, including Michael Faraday.

The organisation provided the setting for much of the research by Mr Faraday that led to the practical exploitation of electricity.

Follow Pallab on Twitter

Article source: http://www.bbc.co.uk/news/science-environment-21850896#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa The feed :

Tags:

Sponsored By:

The Deeter Group

Deeter Electronics Ltd. | Deeter Electronics Inc | Deeter Group Asia | Deeter Group Germany | Deeter Group Corporate

Head & Registered Office:
Deeter Electronics Ltd.
Deeter House,
Valley Road,
Hughenden Valley,
Bucks. HP14 4LW

Tel: +44 (0) 1494 566 046
Fax: +44 (0) 1494 563 961
E-mail: [email protected]


The Deeter Group with products ranging from: , , , continuous , 4-20mA , , , , , , , a , wireless sensor and much more.

If you want a standard or a custom level switch, float switch, level sensor, or wireless sensor, contact us via email [email protected] or call us now on 01494 566 046.

Company Name: The Deeter Group

Location: Hughenden Valley, UK

Deeter Electronics USA
Deeter Electronics USA
Wireless sensor system | Radio telemetry | Level switches | Level sensors | Liquid level sensor | Float switches | Controllers & indicators | Industrial weighing equipment | Electronic circuit design & manufacture | Software design | Reed relays | Ultrasonic level flow sludge & proximity sensors | Proximity sensors & switches | Reed switches | Litz wire | Wago Terminals | Mechanical & magnetic floats | Boiler control |

Deeter Electronics UK
Wireless sensor system | Radio telemetry | Level switches | Level sensors | Liquid level sensor | Float switches | Controllers & indicators | Industrial weighing equipment | Electronic circuit design & manufacture | Software design | Reed relays | Ultrasonic level flow sludge & proximity sensors | Proximity sensors & switches | Reed switches | Litz wire | Wago Terminals | Mechanical & magnetic floats | Boiler control |

Deeter Electronics Europe
Wireless sensor system | Radio telemetry | Level switches | Level sensors | Liquid level sensor | Float switches | Controllers & indicators | Industrial weighing equipment | Electronic circuit design & manufacture | Software design | Ultrasonic level flow sludge & proximity sensors | Proximity sensors & switches | Reed switches | Litz wire | Wago Terminals | Mechanical & magnetic floats | Boiler control |

Sensor Magazine Websites
Explosion Proof Sensors UK | Explosion Proof Sensors | Water Level Measurement | Liquid Level Sensing | Liquid Level Measurement | Liquid Level Sensors UK | Liquid Level Sensors Europe | Wireless Sensors | Sensor Magazine | Industrial Sensors



Water use