I spoke to Ken Emond, Head of Research Awards at the BA, to check whether this would be a one off, or whether it would continue to fund the grants. He said that the intention was that it would be on-going, and that they would make 'strong representations and arguments' to BIS to do so. Whilst this is excellent news, it's still uncertain if it will run twice a year as it has in previous years: it might be reduced to an annual round.
So, good on the BA Fellows and Officers, who - very unfairly - I always imagine as inhabiting a private members club in Piccadilly, complete with leather wing back chairs and a grandfather clock ticking away in the distance somewhere. A few of the older members might be slumbering under their copies of the Times and dreaming of steamed sponge puddings, along the lines of Rowley Birkin QC. Please, if you work for the BA, don't shatter my dream and tell me it's all beige offices and power suits.