HEDG began its existence in 2011 when Economic Development was selected as a priority area by the Dean of the Faculty of Business and Social Sciences at the University of Southern Denmark. Since then the group has grown to be a group of 16 faculty members. A central theme studied by the group is long run economic growth and development. HEDG has received a number of grants from the Danish Research Council which all relate to this theme; see the research project bar below. In 2016, Professor Paul Sharp received a prestigious Sapere Aude grant from the Danish Research Council on Rethinking the Danish Economic take-off.