The Economic and Social Research Council (ESRC) recently announced funding of £16.5 million over 5 years for three new Centres focusing on the economic wellbeing of the UK.
Professor Ian Diamond, Chief Executive of the ESRC welcomed the new centres saying: “These centres will provide key research outcomes of the highest international standards. These outcomes can provide the foundation stones of our future economic growth and ensure that future policies are best placed to help avoid a repetition of the current crisis. It will provide business and the voluntary sector with data to support their strategies for future growth and development.”
The Centre for Economic Performance (CEP), at the London School of Economics will receive £6.08 million to support its globalisation programme which will include research on macro-economic growth. The centre will also focus research on how national capabilities change as a result of globalisation.
The Centre for Microeconomic Analysis of Public Policy at the Institute of Fiscal Studies will receive £6.79 million. The Centre has been running since 1991 and underpins the IFS’s core research work. The Centre aims to increase understanding across a broad range of policy-relevant areas such as: work and retirement decisions; spending and saving behaviour; investment in education and skills; the behaviour of firms and entrepreneurs; and trends in government finances.
£3.60 million will be directed to the new Centre for Competitive Advantage in the Global Economy (CAGE) at the University of Warwick to focus on how markets, institutions and public polices interact to create and sustain competitive advantage in a changing global economy.
For detailed information on the ESRC Research Centres and further information on the ERSC visit www.esrcsocietytoday.ac.uk.