The monument was conceived by Bill Bond, founder of the Battle of Britain Historical Society, who was later appointed an MBE for his services to heritage. He was solely responsible for negotiating with the City of Westminster to secure the site of the monument, as well as appointing Donald Insall Associates as architects. He also formed the fundraising committee after raising over £250,000 through an appeal. The budget was £1.74 million which was funded in the main by private donations. Bill Bond appointed Lord Tebbit as chairman of the fundraising committee.
