Knowledge transfer partnerships

What can a Knowledge Transfer Partnership offer your business?

Through a KTP it's possible to access funding for two-thirds of the project costs from Innovate UK to work with a University academic team and a newly qualified graduate. A KTP will also enable you to access other skills, expertise and facilities within the University.

Business benefits

Information from Innovate UK shows that, on average, the business benefits to be expected from a single KTP project are:

• an increase of over £240,000 in annual pre-tax profits

• the creation of genuine new jobs

• the significant upskilling of existing staff

Profitable Relationships

KTPs often result in the development of profitable long-term relationships between the company and the University. Find out more about how KTPs work and their advantages 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). The average annual contribution to a project for a small or medium-sized enterprise (SME) would be from around £23,000.

• SMEs receive a grant worth approximately 67 per cent of the basic programme value

• Large companies receive a grant worth 50 per cent of the basic programme value

• In both cases the company’s contributions may be eligible for research and development tax relief