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This snapshot, taken on 01/07/2007, shows web content selected for preservation by The National Archives. External links, forms and search boxes may not work in archived websites.
What are Knowledge Transfer Partnerships?
Knowledge Transfer Partnerships is a mechanism that enables companies to obtain knowledge, technology and or skills, which they consider to be of strategic importance to them, competitively, from the further/higher education sector or from a research and technology organisation. The knowledge sought is embedded into the company via a project or projects undertaken by a good quality individual recruited for the purpose and working in the company.
The process allows a company to choose a partner from the 'UK knowledge base' (a university or college for example) with the required knowledge and they jointly prepare a proposal for a project or projects to enhance the business. The Partnership submits an application for funding to the KTP Central Office, which is then considered by the Partnerships Approvals Group. DTI, as a member of that Group, approves the proposals acting on behalf of all the funding organisations.
How much will participation cost?
Each Partnership is part funded by a government grant, which makes a contribution towards the knowledge base partner's cost of participation. The business pays the rest, from £20,000 for a one-year project, to the knowledge base partner.
What are the benefits?
Increased profits - during 2005/06 companies reported an average one-off increase in profit before tax of £78k and an average increase in annual profit before tax after the project had completed of £291k. Average investment in plant and machinery was £223k.
How to get involved:
Visit the KTP website www.ktponline.org.uk for details of an adviser in your area or for further information call the KTP information line on 0870 190 2829
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