KTP BackgroundKTP Background

UK-wide programme UK-wide programme meet a core strategic need and identify meet a core strategic need and identify

innovative solutions innovative solutions help UK business growhelp UK business grow Direct results:Direct results:

increased profitabilityincreased profitability improved quality and operationsimproved quality and operations increased salesincreased salesaccess to new marketsaccess to new markets

PlayersPlayers

Company partnerCompany partner Profit or non-profitProfit or non-profit Any sizeAny size UKUK

Knowledge-base partnerKnowledge-base partner University or other Higher education as College, University or other Higher education as College,

research organisation (public or private)research organisation (public or private) KTP associateKTP associate

Recently qualifiedRecently qualified Manages the project to transfer identified knowledge Manages the project to transfer identified knowledge

into the business via a strategic projectinto the business via a strategic project

OutcomesOutcomes 1000 Partnership running at all time1000 Partnership running at all time For every £1m of government spend:For every £1m of government spend:

£4.25m annual increase profit before tax£4.25m annual increase profit before tax £3.25m investments£3.25m investments 112 new jobs created112 new jobs created 214 company staff trained (as direct result)214 company staff trained (as direct result)

Each associate produces (average):Each associate produces (average): 3.6 new research project3.6 new research project 2 research papers2 research papers

60% of Associates are offered a post in their host 60% of Associates are offered a post in their host companycompany

67% are Awarded with a higher degree67% are Awarded with a higher degree

Aim and objectivesAim and objectives

Strengthen competitivenessStrengthen competitiveness Create wealth and economic performance Create wealth and economic performance

of the UKof the UKEnhancement of knowledge and skillsEnhancement of knowledge and skillsStimulation of innovationStimulation of innovationSpread technical and business skillsSpread technical and business skills

KTPKTP

Provide a managed risk environment Provide a managed risk environment Provide a challenging project to the KTP Provide a challenging project to the KTP

AssociateAssociateFacilitate co-operation with the aim of Facilitate co-operation with the aim of

achieving successful outcomesachieving successful outcomesEncourage an ongoing relationship Encourage an ongoing relationship

beyond project completionbeyond project completion