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£3.6 Million to examine competitive advantage in the Global Economy

The Economic and Social Research Council (ESRC) has awarded Warwick £3.6 million to create a new Centre for Competitive Advantage in the Global Economy (CAGE). The new Centre will focus on how markets, institutions and public policies interact to create and sustain competitive advantage in a changing global economy. Professor Nicholas Crafts will direct the £3.6m research programme that will address ‘managing change’. Flowing from one of the ESRC’s seven key research challenges, under the single, unifying theme, ‘Succeeding in the Global Economy’, the research will consider how such economic advantage evolves over time, and how it influences growth, deprivation and well-being both in the short and the long term.

The award to Warwick is part of a wider new ESRC It is part of the Annual Centres Competition. 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 for 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 web pages fort the new Centre for Competitive Advantage in the Global Economy (CAGE) can be found here:

For further information contact:
Peter Dunn, Press and Media Relations Manager,
Communications Office, University of Warwick,
Tel: 024 76 523708  or 07767 655860 email:


For further information regarding the overall funding or ESRC Press Office:

Kelly Barnett: Head of Press and PR, Tel: 01793 413032, Mobile: 07826 876144, Email:
Danielle Moore: Communications Manager: 01793 413122, Email:

Notes to Editors

The Economic and Social Research Council (ESRC) is the UK's largest funding agency for research, data resources and postgraduate training relating to social and economic issues. It supports independent, high quality research which impacts on business, the public sector and the third sector. The ESRC’s planned total expenditure in 2008/09 is £203 million. At any one time the ESRC supports over 4,000 researchers and postgraduate students in academic institutions and research policy institutes. More at Detailed information regarding ESRC Research Centres is available at:

PR17 PJD 26th February 2009