Knowledge Transfer Partnerships are Innovate UK-funded projects through which highly-qualified graduates, supported by academic partners, help implement business solutions.
KTPs currently support around 800 businesses, 100 knowledge bases and over 850 graduates and between 2010-2020, generated over £2 billion for the UK economy.
Through the KTP scheme we can help you:
UK-based business of any size can take part in a KTP.
Wondering if a KTP is right for you? Here’s a quick rundown of what you’ll need:
Bodies not eligible for KTP funding include:
Projects can be anywhere between 1 - 3 years and have a generous training budget provided as well as resources for consumables and expenses.
A dedicated graduate or postgraduate, known as an Associate, is employed by the university but located within the business and will work full time at your organisation. The Associate provides a valuable link between the business and academic teams to enable key expertise and knowledge to be transferred.
KTPs always include a highly experienced academic team who sit within the university providing key input and direction.
A KTP is part-funded by a grant. A typical KTP project delivers a package of support valued at around £110,000 to £120,000 per year. This includes the costs of:
The proportion of the costs covered by KTP varies according to several factors. Typically, the grant rates are:
Businesses will need to fund the remaining cost of the project but may be able to use R&D tax relief to recoup some of these costs.
KTPs cost on average £110k per year with SMEs contributing on average £36k pa and Large Organisations £55k pa.
Our experienced KTP team can help you explore whether the KTP scheme is right for your business.