Businesses

KTPs enable businesses to access technology and expertise that reside in universities, to help them to innovate and grow.   

On average, benefits that can be expected from a project are*:

  • £113k one-off increase in net profit during the KTP
  • Projected increase of over £1m in annual profits before tax
  • The creation of two new jobs
  • An increase in the skills of existing staff

(*latest statistics from Innovate UK)

 

Successful applications secure funding of up to 67% of project costs, with the company partner contributing the remaining funds (33-50%, depending on size of business). Companies can apply for R&D tax relief, potentially reducing costs further. The cost to a company is less than them recruiting a graduate directly, plus they get the additional benefits through accessing academic expertise and university facilities.

 

Companies from a range of sectors can apply for a KTP. To be eligible, companies should:

  • Have at least five employees
  • Have been running for at least two years
  • Have the infrastructure to support the KTP Associate and the project

 

A Knowledge Transfer Partnership project may involve:

  • Refining existing products, or designing new products.
  • Opening new markets for new or existing products.
  • Improving business, marketing or manufacturing systems.
  • Cutting costs and waste to run the business more efficiently.

Case Studies

See our case studies for some examples of KTPs we have run.

Contact Us

If you are interested in being part of a KTP, please contact:

Julia McFarlane
KTP Manager

T: +44 (0)1524 594140
E: j.c.mcfarlane@lancaster.ac.uk