Knowledge Transfer Partnerships
Knowledge Transfer Partnerships (KTPs) are a UK-wide, government-funded programme, aimed at assisting businesses to improve competitiveness, productivity and performance. Businesses achieve this through the use of knowledge, technology and skills available to them within universities.
We have a dedicated and highly experienced KTP team here at the University of Central Lancashire who can provide your business with support throughout your KTP process.
What will this involve?
KTP is a partnership between your business and the university. If your business enters into partnership with us, we will:
- Implement an agreed business project, from between 12 to 36 months, central to the strategic development of your business
- Recruit a high calibre graduate, known as the ‘associate’, who is based at your business to deliver the project
- Provide joint supervision to the ‘associate’ through business and academic mentors
How will it benefit your business?
A KTP with us will help you and your business to:
- Increase profits, knowledge and capability
- Gain a competitive advantage through new products, processes and services
- Introduce new technology through innovation
- Become more efficient and set for growth
What does it cost and who is it for?
The total annual cost of a KTP on average is £65k, which is split between the business and the government funding body.
- A small to medium sized business contributes around 33% of the total project costs
- A larger business contribute 50% of the total project costs
- The budget covers the cost of employing a full-time ‘associate’ to work at the company on the defined project, half a day per week of academic consultancy and £6k per year for travel, consumables and training for the ‘associate’