Knowledge Transfer Partnerships

Knowledge Transfer Partnerships

• Does your business have the potential to grow but lack some specific knowledge or expertise?
• Do you need to find that expertise in a cost-effective manner?
• Could your business benefit from a £60-£90,000 grant?

What is a Knowledge Transfer Partnership?

A Knowledge Transfer Partnership is a Government funded scheme that helps businesses access the UK skills and knowledge base. It provides funding for a 2/3-year strategic project within businesses.

It is a 3-way partnership between a business, a recent high calibre graduate and the University, where all three partners benefit. It requires a permanent transfer of knowledge from the university to the business.

The business gets:

1. A (subsidised) high calibre recent graduate to work, in company, on a strategic project with specific objectives for a 2/3-year period.
2. Access to the skills, knowledge and resources of academics and the university. (Academics commit to working on average ½ day per week on the project.)
3. The expertise of academics and researchers (across all subject areas).

Historical information shows that you can expect these business benefits:

• an increase in annual profit of around £138,000
• a one-off increase in profit of about £98,000
• 19 company staff trained
• 4 genuine new jobs created.

What will it cost me?

For a typical SME (eg less than 250 employees) it will cost the business in the region of £20,000 per Associate per year.
Find out more by contacting us