Hi Julie,
Your best bet is to reach out directly to the research office at Oxford. But normally an ERC grant is a single award to a PI, and so any involvement from other institutions will be made as sub-awards from the lead institution. You'll need to create an agreement between yourselves and them. You might be able to make that agreement in USD and they would then take the risk on the exchange rate (just as if they were buying a computer from a US supplier... they would pay the dollar price).
Bear in mind that the ERC grant will be awarded in Euro and Oxford will spend in GBP so they will already have exchange rate issues.
But – speak to your contact at the research office at Oxford.
I hope that helps
Simon
==
Dr Simon Kerridge
Honorary Staff, Research and Innovation Services, University of Kent
and Founder, Kerridge Research Consulting;
Board member, European Association of Research Managers and Administrators (EARMA);
Co-Chair, NISO CRediT Standing Committee (Contributor Role Taxonomy);
Project Lead, Research Administration as a Profession (RAAAP);
Adviser, RM ROADMAP; and RAPIDS projects;
Past Chair, Association of Research Managers and Administrators (ARMA);
Managing Editor, Journal of Research Management and Administration (JoRMA);
|  | Dr Simon Kerridge Managing Editor | |
| Journal of Research Management and Administration |
| | |
http://orcid.org/0000-0003-4094-3719
@simonrkerridge
https://www.linkedin.com/in/simon-kerridge-354869/
Research Administration as a Profession?
Check out the RAAAP project: https://inorms.net/activities/raaap-taskforce/
Or the latest article: http://www.ncura.edu/Portals/0/Docs/RMR/2018/v23_n_1_Kerridge_Scott.pdf
Professional at the Interface of Science?
Check out the PIoS project: https://sites.google.com/view/survey-rmas-agencies/home
Or the latest article: https://www.researchgate.net/publication/349168126_Professionals_at_the_interface_of_science_is_there_more_than_meets_the_eye
Or this open access book:
The Emerald Handbook of Research Management and Administration Around the World
https://www.emerald.com/insight/publication/doi/10.1108/9781803827018
