Achievements and Outcomes - Knowledge Transfer Partnerships

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Knowledge Transfer Partnerships The Knowledge Transfer Partnership programme has been operating for more than 37 years, enabling UK businesses of all sizes to take advantage of the expertise available throughout the UK knowledge base of education and research institutions. After all this time, the KTP programme continues to be the leading knowledge transfer programme in Europe. Introduction In 2011-12 KTP supported UK business by drawing on the expertise of more than 100 higher education institutions across over 400 departments. From an investment of £34m of government funding last year, businesses reported: changes in anticipated annual profits of £163m employment of over 1,300 new staff increases of £145m in annual exports investments of £93m in plant and machinery / research and development. All of this demonstrates the ongoing benefits to the UK of the KTP programme. There were also some exciting changes to KTP during 2011-12, including the introduction of some new funders, as well as KTP themed competition calls to help support and complement the ongoing activity of supporting projects defined by business need regardless of sector or theme. The Technology Strategy Board provided additional funding from its innovation programme to support eight KTPs that were selected as a cohort for the first themed call relating to ‘Parallel and MultiCore Processing’. The shorter KTP scheme was also re-opened in September 2011 for projects with a duration of six months to 51 weeks. The Technology Strategy Board is continuing its strong commitment to the KTP programme as an integral part of its portfolio of programmes to help and support business innovation. Once again, I must thank our funding partners for their continued support and commitment to the programme and we are very pleased to welcome aboard some new funders which include the Medical Research Council who are providing funding for the core KTP programme, and the Nuclear Decommissioning Authority who confirmed their support for the Civil Nuclear Power Supply Chain themed call opened at the end of the year. In summary, during the 2011-12 financial year, almost £58m was committed to new KTP partnerships in the shape of grant support and company contributions. At the end of the year, our portfolio comprised 848 KTP partnerships (792 classic and 56 shorter partnerships) facilitating the exchange of knowledge between the UK knowledge base and businesses of many differing sizes and from various sectors. Iain Gray, Chief Executive Technology Strategy Board 04 | Technology Strategy Board
Achievements and Outcomes | Impact Report 2011-12 As a result of the Government money committed to Knowledge Transfer Partnerships during 2011-12, UK businesses looked to benefit from a projected £163m increase in their annual profit, with over 1,300 new jobs created and 9,500 company staff trained. Overview Effect of government funding Put another way, for every £1m of Government money invested: 39 new jobs were created (including associates employed after their project completed) 279 staff were trained £1.53m was invested in plant and machinery and £1.2m was invested in R&D. The one-off increase in profit before tax dropped to £0.48m from £0.9m last year, but the anticipated annual increase in profit increased to £4.79m (from £3.08m in 2010-11). Benefits for the Business Partner With such a wide range of KTP projects, the business outputs can vary considerably, but the average business benefits for a project may include: an increase of more than £365k in annual profits before tax the creation of three new jobs, in addition to recruitment of the associate an additional 21 staff trained. Benefits for the Knowledge Base Academics working on KTP projects are typically able to: develop business-related teaching materials initiate at least three new research projects and publish high-quality research papers identify undergraduate or post-graduate projects contribute to the Research Excellence Framework exercise (REF). Benefits for the Associate As one of the country’s largest graduate recruitment schemes, KTP continues to enhance associate career prospects in the following ways: it provides an opportunity to manage a challenging project that is central to the business’s strategic development 73% of associates are offered employment by the host business on completion of their project KTP is a recognised route to fast-track career development. Technology Strategy Board | 05
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Achievements and Outcomes - Knowledge Transfer Partnerships

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