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==Research== In 2013, Warwick had a total research income of £90.1 million, of which £33.9 million was from Research Councils; £25.9 million was from central government, local authorities and public corporations; £12.7 million was from the European Union; £7.9 million was from UK industry and commerce; £5.2 million was from UK charitable bodies; £4.0 million was from overseas sources; and £0.5 million was from other sources.<ref name=annacc/> In the 2014 UK [[Research Excellence Framework]] (REF), Warwick was again ranked 7th overall amongst multi-faculty institutions and was the top-ranked university in the Midlands.<ref name="RAE 2008">{{cite web |url=https://warwick.ac.uk/insite/newsandevents/intnews2/rae_2008_150 |title=RAE 2008 Outstanding Results |publisher=University of Warwick |access-date=16 August 2013 |archive-url=https://web.archive.org/web/20110714054931/http://www2.warwick.ac.uk/insite/newsandevents/intnews2/rae_2008_150 |archive-date=14 July 2011 |url-status=dead }}</ref> 87% of the university's academic staff were rated as being in "world-leading" or "internationally excellent" departments with top research ratings of 4* or 3*.<ref name="RAE 2008"/> Warwick is particularly strong in the areas of decision sciences research including [[economics]], [[finance]], [[management]], [[mathematics]] and [[statistics]]. For instance, researchers of the Warwick Business School have won the highest prize of the prestigious European Case Clearing House.<ref>{{cite web |last=Bradshaw |first=Della |url=http://www.ft.com/intl/cms/s/2/07e23e0c-7c57-11e2-99f0-00144feabdc0.html |title=Warwick, Harvard and Insead scoop the academic 'Oscars' |work=Financial Times |date=25 February 2013 |access-date=16 August 2013 |archive-url=https://web.archive.org/web/20150301045204/http://www.ft.com/intl/cms/s/2/07e23e0c-7c57-11e2-99f0-00144feabdc0.html |archive-date=1 March 2015 |url-status=live }}</ref> Warwick has also established a number of stand-alone units to manage and extract commercial value from its research activities. The four most prominent examples of these units are [[University of Warwick Science Park]]; [[Warwick HRI]]; Warwick Ventures; and [[WMG (formerly Warwick Manufacturing Group)|WMG]]. ===Commercial focus=== Warwick has at times received criticism for being too commercially focused, at the expense of academic creativity and diversity. The most famous proponent of this critique was the noted historian [[E. P. Thompson]], who edited and wrote much of ''Warwick University Ltd'' in 1971.<ref>{{cite book| title = Warwick University Limited| author = E. P. Thompson| isbn = 978-0-14-080230-6| publisher = Penguin| year = 1970}}</ref> The book focuses on the brief student occupation of the Registry in 1967, and its causes, the files that were discovered and published, and the subsequent actions of the university, students and staff. Nevertheless, with the appointment of [[Nick Scheele|Sir Nicholas Scheele]] as Chancellor in 2002, the university signalled that it intended to continue and expand its commercial activities. In an interview for the BBC, Scheele said: "I think in the future, education and industry need to become even more closely linked than they have been historically. As government funding changes, the replacement could well come through private funding from companies, individuals and grant-giving agencies."<ref>{{cite news | url=http://news.bbc.co.uk/1/hi/england/2342371.stm | work=BBC News | title=Ford boss: 'Business to fund universities' | date=19 October 2002 | access-date=28 March 2010 | archive-url=https://web.archive.org/web/20071220174545/http://news.bbc.co.uk/1/hi/england/2342371.stm | archive-date=20 December 2007 | url-status=live }}</ref>
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