University's Pounds 3.6m Gift to Economics; FUNDING: Department at Coventry Will Focus on Economic Wellbeing of UK
Byline: By Jenny Waddington BUSINESS REPORTER
THE UNIVERSITY of Warwick has scooped pounds 3.6 million funding to create a new centre which will focus on the economic wellbeing of the UK.
The cash boost was awarded to the Coventry university's department of economics to set up its new Centre for Competitive Advantage in the Global Economy, which will address "managing change".
Funding has come from the Economic and Social Research Council as part of its scheme for UK university's worth pounds 16.5 million over five years to support a number of centres that look at the economy of Britain.
The city's new centre will focus on how markets, institutions and public policies interact to create and sustain competitive advantage in a changing global economy.
Professor Ian Diamond, chief executive of the ESRC, said: "These centres will provide key research outcomes of the highest international standards.
These outcomes can provide the foundation stones for our future economic growth and ensure that future policies are best placed to help avoid a repetition of the current crisis. …