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Renewed funding for leading research centre

Thu, 29 Jan 2009

The Centre for Competition Policy at the University of East Anglia has been awarded £4.3m of funding by the Economic and Social Research Council (ESRC) and recognised as an international authority on competition and regulation issues.

The centre was established in September 2004, building on the pre-existing Centre for Competition and Regulation, with a grant from the ESRC. The renewed funding will see it continue its research until 2014.

Director Catherine Waddams said: "We are delighted to receive this endorsement of our high quality interdisciplinary research into competition policy that has real-world policy relevance, without compromising academic rigour.

"The glowing comments on the centre's research and its 'esprit de corps' are a tribute to the enthusiasm and hard work of my colleagues over the past four years and the importance of our research topic. Competition and regulation policy are already under increased pressure in the current difficult global economic environment, and high quality independent research will be even more important to inform policy makers in the difficult time ahead," added Prof Waddams.

The university has contributed more than £1m to supplement the ESRC's award. The centre employs 11 full time researchers and support staff, and includes 14 UEA faculty members and 15 research students from the Schools of Economics, Law, Business, and Political, Social and International Studies.

Over the next five years the Centre for Competition Policy will be exploring five broad themes: the role of consumers in making markets work well; the institutions which support competition policy and how they develop; market power and how it should best be regulated; the appropriate approach to mergers, and how this varies across different regimes. The last strand, agreements and tacit collusion, is the focus for the centre's fifth annual summer conference, which takes place in June.

For more information about the centre and its activities see www.ccp.uea.ac.uk