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The Centre for Business Research (CBR) at the University of Cambridge, in collaboration with the Council for Industry and Higher Education (CIHE), has been awarded a half-million pound grant by the Economic and Social Research Council to carry out research which will be used to draw implications for public policy aims to determine the factors affecting the incidence, form and effectiveness of knowledge exchange activities between the business and HEI sectors in the UK, and the way these and their impact vary across regional and sub-regional space.