This report explains how £85 million was committed to Knowledge Transfer Partnerships in 2013 to 2014 and the benefits brought to business
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.