Centre for Financing a Sustainable Future
Edinburgh Business School EPSRC PhD Studentships
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Edinburgh Business School EPSRC PhD Studentships
Heriot-Watt University - Social Sciences
Level: Postgraduate research (Edinburgh campus; full-time)
Entry date: September 2026 or January 2027
Closing date: Wednesday 12th August 2026
Funding for: UK Students, International Students
Funding amount: Annual stipend for 3.5 years at £23,985 per annum, plus UK-only tuition fees waived.
Edinburgh Business School at Heriot-Watt University is offering two full-time PhD studentships funded by the Engineering & Physical Sciences Research Council (EPSRC) to start in the 2026-27 academic year (either September or January entry is possible). The studentships include a tuition fee waiver for UK fees only, an enhanced annual stipend currently set at £23,985 (10% above the standard UKRI rate), and an expenses allowance of £3,500 for training and research costs. The duration of the studentships is 3.5 years. Overseas students are eligible to apply, but must be able to demonstrate how they would cover the difference between the UK and overseas fees.
Project Areas
AI and Causal Inference for Labour Market Resilience
Artificial intelligence is transforming labour markets, yet credible evidence on its long-term economic impact remains limited by the absence of robust measures of AI adoption, diffusion, and labour market adjustment. This PhD project will develop new empirical approaches to understand how AI-driven technological change reshapes the structure and resilience of labour markets by combining large-scale vacancy data with modern natural language processing, network analysis, and causal inference methods.
- Focus on labour market adaptation to AI-driven shocks
- Investigate regional resilience, labour market coordination, and inequality
- Specific applications may include constructing geographically granular measures of AI exposure and adaptation capacity at the commuting-zone level to analyse impacts on employment dynamics, wages, worker mobility, and regional divergence, as well as evaluating whether the diffusion of large language models (LLMs) is itself reshaping labour demand by changing hiring behaviour, accelerating skill volatility, and altering the coordination mechanisms through which workers and firms are matched.
The supervisory team for this project area will consist of:
- Prof. Cristina Tealdi
- Dr Yannis Kostas
Candidates interested in this project area are encouraged to contact Prof. Tealdi (c.tealdi@hw.ac.uk) for an informal discussion about their research proposal prior to submitting their application. When submitting your application for this project area, please select the option ‘Economics PhD’ from the drop-down list on the online application system. In addition to the standard entry criteria listed below, applicants for this project should note that a Master’s degree in Economics, Statistics, Mathematics, or Computer Science is essential.
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Financing the Circular Economy Transition
The transition towards a circular economy (CE) is increasingly recognised as essential for achieving net-zero targets, strengthening supply chain resilience, and reducing dependency on critical raw materials. However, significant financial, technological, and institutional barriers continue to constrain the uptake and scaling of circular business practices and investment. This PhD project will investigate how finance and investment can accelerate the CE transition across areas such as electronics, cooling, heating, and hard-to-recycle materials.
Potential research topics include:
- Financial performance of circular business models
- Sustainable and transition finance
- Circular supply chain investment
- Climate-related financial risks
- ESG and sustainability disclosure
- Role of institutional investors in supporting circular innovation and resource security
The project may also examine emerging issues such as AI-enabled and agent-based sustainability analytics, critical mineral dependency, and the resilience of global supply chains under geopolitical and environmental uncertainty.
The supervisory team for this project area will consist of:
- Prof. Bing Xu
- Dr Stefano Maiani
Candidates interested in this project area are encouraged to contact Prof. Xu (b.xu@hw.ac.uk) for an informal discussion about their research proposal prior to submitting their application. When submitting your application for this project area, please select the option ‘Accountancy and Finance PhD’ from the drop-down list on the online application system. In addition to the standard entry criteria listed below, applicants for this project should note that a Master’s degree in Finance, Sustainable Finance, Economics, Business Analytics, Data Analytics, Energy Finance, Accounting, or a related field is desirable. Experience with empirical research methods and programming languages such as Python, R, Stata, or Matlab is highly desirable. Familiarity with sustainability, climate finance, ESG, circular economy research, or industrial decarbonisation would be advantageous.
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General Entry Criteria
Applicants should have an undergraduate degree with a minimum classification of 2:1 in a field relevant to the project for which they are applying. Candidates for whom English is a second language should meet the University’s minimum English-language requirements. If you have not already studied a degree programme that was taught and examined in the medium of English, the minimum overall IELTS score is 6.5 with no score lower than 6.0 in Reading, Writing, Speaking, and Listening. Please note that possession of the minimum qualifications does not guarantee shortlisting for interview.
Application Process
Applicants should submit their application via https://www.hw.ac.uk/study/apply/uk/postgraduate.htm
When completing the online application form, please indicate that you are applying to the ‘EBS EPSRC 2026 PhD scholarship competition’ in the field that asks how you will fund your studies. Please also ensure that you include the name of the Primary Supervisor in the relevant field.
Applicants should supply:
- A full Curriculum Vitae.
- Copies of full academic transcripts from all previous academic degree courses and copies of degree certificates for degrees already awarded. If you are currently pursuing a degree course please provide all available marks to date. If your degree is from a non-UK institution, please provide evidence of the UK equivalency of your qualification.
- A brief covering letter outlining why you want to study for a PhD at Heriot-Watt University, and what makes you an excellent candidate.
- An outline research proposal (max. 1500 words). This should clearly identify how the proposed research question and modes of inquiry align with your chosen project area. The proposal should clearly identify which project area has been selected by referring to the project title. You should also ensure that the name of the main contact for your project area listed above is included in your application when prompted to enter your proposed supervisor.
Interviews will be conducted via video conferencing (e.g. Zoom or similar). Interview support for those with disabilities will be available where required (e.g. a BSL interpreter).
If you have any general queries about the application process, please contact soss.pgradmissions@hw.ac.uk
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