Through a KTP, you could get funding of around £80,000 from Innovate UK to improve your business by working with the University and a newly qualified graduate. A KTP will also enable you to access other skills, expertise and facilities within the University.
We have a wealth of experience when it comes to supporting KTPs, having worked with numerous partners from the commercial, public and third sectors to tackle a wide range of engineering, statistical, educational and environmental challenges. Find out more about our KTP partners.
What can a Knowledge Transfer Partnership offer your business?
CJR Propulsion worked with our engineering experts to improve boat speed and fuel efficiency
Business performance outputs vary considerably, depending on the type of project. Latest information shows that, on average, the business benefits that can be expected from a single KTP project are:
- an increase of over £240,000 in annual pre-tax profits
- the creation of two genuine new jobs
- the upskilling of existing staff
By participating in a KTP you can:
- access qualified people to spearhead new projects
- access experts who can help take your business forward
- develop innovative solutions to help growth
- develop your business for today’s market
- increase your competitive advantage and profitability
- improve your performance/business operations
KTPs often result in the development of profitable long-term relationships between the company and the University.
How do Knowledge Transfer Partnerships work?
- You define and agree a project with the University that will enable you to apply our expertise to your business. The project should aim to make a step change in an area that you have identified as a high priority, and could run from six months to three years, depending on your business need.
- The University makes a formal application to Innovate UK for approval.
- Once the KTP has been approved, together we recruit a graduate or postgraduate (known as a KTP associate) to work on the project.
- The KTP associate will manage the project, jointly supervised by the business and University supervisors.
- Our academics will remain closely involved throughout the project and contribute their own specialist knowledge and experience.
Find out more on the Knowledge Transfer Partnerships website.
How is the partnership funded?
The scheme is a flagship programme of Innovate UK (formerly the Technology Strategy Board) and is co-funded by Innovate UK and other government agencies and departments. The business covers the remaining costs.
The average annual contribution to a project for a small or medium-sized enterprise (SME) would be from around £20,000. The majority of the funding is used to cover the graduate's salary costs.
- SMEs receive a grant worth approximately 67 per cent of the programme value.
- Large companies receive a grant worth around 50 per cent of the programme value.
- In both cases the company’s contributions may be eligible for research and development tax relief.
Find out more about funding and costs on the Knowledge Transfer Partnerships website.
Is your organisation eligible?
A wide range of organisations can apply for a KTP, including UK businesses of any size, charities, higher or further education organisations and research and technology organisations. Find out more about eligibility on the Innovate UK website.
Find out more
Contact our KTP Programme Officer, Dr Phil Jewell, by email or by calling +44(0)23 8059 8568.