Knowledge Transfer Partnerships (KTP) help businesses to improve competitiveness, productivity and performance by tapping into the knowledge held by UK universities and colleges.
KTPs are a three-way partnership between a business, a UK university or college, and a recently qualified graduate. They are supported by Innovate UK and 12 other funding organisations including research councils and government departments.
This report explains how more than £85 million was invested in new KTPs in 2013 to 2014. The benefits of this investment are projected to be a £211 million increase in annual profits for businesses involved, 450 new jobs and 6,000 company staff trained.
A total of 267 partnerships were completed in the year.