KTP for Business
Knowledge Transfer Partnerships enable companies to access resources and expertise they need to innovate, grow and improve their performance.
KTP is a cost effective way to help your organisation:
- Access technological, scientific or management expertise to enable your business to undertake a strategic project
- Access highly qualified people to lead new projects
- Develop innovative solutions to help your business grow
- Access specialist equipment and facilities
Benefits of KTP
Data shows that KTP delivers significantly increased profitability for business partners as a direct result of the partnership through improved quality and operations, increased sales and access to new markets.
Business performance outputs vary considerably from case to case, given the variety of the projects, but latest information shows that, on average, the business benefits that can be expected from a single KTP project are:
- An increase of over £220,000 in annual profits before tax
- The creation of three genuine new jobs
- An increase in skills of existing staff.
Academic expertise at the University of Brighton
The University of Brighton has academic expertise spanning a broad range of subject areas including engineering, I.T., pharmacy and medicine, business and marketing, environmental science, architecture and construction, product design and innovation. The University has the professional and technical expertise to help companies develop their business potential, including:
- 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.
Having a KTP Associate join your team
The graduate (Associate) is selected by the partnership and employed by the University on a fixed term contract, however he/she will spend the majority of their time working in the company, being treated as part of the company team and with terms and conditions of employment aligned to those of the rest of your staff.
Approximately 10% of an Associate's time will be spent on personal development - this includes two four-day residential modules that all KTP Associates undertake as well as training agreed by the partnership which will help the Associate to lead and deliver the programme. An Associate may also register to take a higher degree such as a Masters by Learning Objectives or MPhil.
R&D tax credits
KTP expenditure can qualify for R&D Relief if the project seeks to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty. SMEs are potentially entitled to claim, as a deduction, 200 per cent of the amount they spend on qualifying R&D, that is, for each £100 of qualifying costs, your company or organisation could have its Corporation Tax bill reduced by an additional £100 on top of the £100 spent. Your company accountant will be able to advise you further.
