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Lancaster set to receive funding boost to stimulate UK's economy

Story supplied by LU Press Office

Lancaster is amongst leading universities who are set to benefit from a £50 million investment in cutting-edge research and innovation projects to drive growth. Lancaster's project will use the strong international reputation and links in China, in particular with the Chinese Academy of Sciences, to address the Government's priorities to focus on high-growth SMEs and to increase exports. Using expertise from across the University, it focuses on improved leadership and new technology development in SMEs in the key sectors of environmental technologies, advanced manufacturing and creative and digital industries to penetrate Chinese markets. It will also help develop a local-global partnership between Lancashire and the Guangdong province of China through the important contributions of local government in both areas. Final funding allocations will be made by HEFCE in July.

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Fri 17 May 2013