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Get the edge over your competition and inject new knowledge into your company with a Knowledge Transfer Partnership.
Knowledge Transfer Partnerships (KTPs) are a leading European scheme designed to help all businesses improve their productivity, performance and competitive edge through the transfer of knowledge, technology and expertise.
The main objectives of a KTP are to:
Part of the cost of a Knowledge Transfer Partnership is funded by a grant from Innovate UK or other government co-funders that you apply for in a competitive bid for submissions (there is a success rate for applications of around 90%). The remainder of the project cost is met through a cash payment by your company.
Project costs are variable, but can typically be around £75,000 – £90,000 per project year. For SMEs the grant rate is 67% of the project cost and for large companies 50%.
KTPs have a genuine, tangible impact on businesses. The average project with us yields an increase in annual pre-tax profits of £260k (based on an average SME contribution of £51k towards project costs).
As well as profit, a project generally sees the creation of two more jobs (not including the recruited graduate) and the training of around 20 staff. It also helps you develop innovative solutions to problems and access experts who can help propel your business forward.
Get in touch with our Employer Partnerships team to find out more
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