Knowledge Transfer Partnerships (KTP) for business

The benefits

The benefits of KTP to business:


National statistics show that over the past five years each partnership has benefitted from an average:

  • £60k increase in pre-tax profit during the lifetime of the project
  • £600k per annum increase in pre-tax profit for the three years following completion of the project
  • £650k per annum increase in exports for the three years following completion of the project
  • invested £300k in plant and machinery
  • invested £160k in further research and development
  • created two new jobs
  • trained 20 staff
  • 64% of KTP Associates are offered jobs by the company partner post KTP completion.

Who’s it for?

Most businesses and organisations are eligible for a Knowledge Transfer Partnership (KTP) as long as they can demonstrate the innovation and impact the KTP will have in transforming their organisation to be more competitive and productive in the marketplace. In addition, the project needs to challenge all parties participating on a KTP.

How does it work?

  • KTP is a UK-wide programme that has been running for 40 years
  • A KTP Specialist Advisor from the University of Plymouth will work closely with the business to define a project in preparation and submission o woulf their grant application.
  • The KTP will be supervised by the University of Plymouth throughout the partnership.
  • Online submission – 6 to 7 per annum.
  • Full pre and post award support by KTP Office.

Funding your project

A KTP is part-funded by a UK Government grant and the amount you will need to contribute depends on the requirement and length of the project, as well the size of your company.

SMEs

If you are a small to medium-sized business, you will need to contribute a third of the overall project cost. The average annual contribution to a project for an SME is around £27,000.

Large companies

If you are a larger business, you may need to contribute half of the overall project cost. The average annual contribution to a project for a larger company is around £40,000.

KTPs are excellent value, especially as evidence shows that businesses who invest in R&D grow twice as fast and have higher exports compared to non-innovators.

Academic support

At least one academic will have been nominated to supervise the Associate and form part of the team that will deliver the project. 

The academics will provide the project and Associate with guidance on the specialist expertise and technical knowledge your business needs so that you can achieve your growth objectives. 

A key outcome is ensuring the new knowledge is transferred and embedded within your business so that at the completion of the project you can operate in this new area independently/successfully.

Made For Life Organics KTP Team

Making your project happen

To succeed, the project needs to be strategically important and have the potential to transform your business by making it more competitive and productive. A KTP can last between 12 and 36 months depending on the project and the needs of your business. 

A Specialist Advisor will be assigned to you and work closely with you in completing the funding application form. Once your KTP has been approved, we will work together to recruit a recently qualified graduate/postgraduate known as the KTP Associate. With the support of the academic team, the Associate will work in your business day to day, focusing on delivering the agreed project objectives. The Associate also undertakes a personal development programme (included in the cost) and the KTP Specialist Advisor will be on hand to offer support throughout the project.

Browse our case studies of previous KTPs or take a look at national examples in what KTP can do for you. 

Am I eligible?

We will check the feasibility of your idea, tell you if it is suitable for KTP and source the appropriate academics to support your project. 

KTPs often result in the development of profitable long-term relationships between the company and the University. 

How do businesses take part?

To find out more about how KTP can support your organisation, contact the Enterprise Solutions Team on 0800 052 5600 or email enterprisesolutions@plymouth.ac.uk.