Cambridge Economic Policy Associates (CEPA) is an economic and financial policy advisory business. Our focus is on issues where economics, finance and public policy overlap. CEPA was established in 2001 as a private company limited by shares. More recently in addition to our office in London, we have established a branch office in New Delhi. Further to our client work, CEPA undertakes and supports policy-focused research to promote debate and best practice. We re-invest one quarter of our surplus (after remunerating directors and staff) into these activities.