Small and medium-sized businesses
Government funding accounts for 67% of the budget overview of a KTP for an SME, with the company funding the remaining 33%.
SMEs are eligible for R&D tax credits through a Knowledge Transfer Partnership, potentially reducing costs further.
The annual organisation cost for a KTP depends on a few variables including the graduate's academic level and the Travel and Consumables budgets.
The cost to a company is less than recruiting a graduate directly, plus the company will benefit from academic expertise, and state-of-the-art facilities.
Annual Knowledge Transfer Partnership cost for an SME is £30-35,000 p/a
Please contact the team to discuss the variable costs. Company expenditure is eligible for R&D tax relief.
Large company
Government funding accounts for 50% of the total cost of a Knowledge Transfer Partnership for a large business, with the company funding the remaining 50%.
The company should also facilitate the involvement of UK SMEs within their supply chain as part of the project.
The annual organisation cost for a KTP depends on a few variables including the graduate's academic level and the Travel and Consumables budgets.
The cost to a company is less than recruiting a graduate directly, plus the company will benefit from academic expertise, and state-of-the-art facilities.
Annual Knowledge Transfer Partnership cost for a large company is £45,000 p/a.
Please contact the team to discuss the variable costs. Company expenditure is eligible for R&D tax relief.
Third sector and charities
Government funding accounts for 75% of the total cost of a Knowledge Transfer Partnership for third sector and charity organisations.
The annual organisation cost for a KTP depends on a few variables including the graduate's academic level and the Travel and Consumables budgets.
The cost to the organisation is less than recruiting a graduate directly, plus the company will benefit from academic expertise, and state-of-the-art facilities.
Annual Knowledge Transfer Partnership cost for third sector and charity organisations is £25,500 p/a.
Please contact the team to discuss the variable costs. Organisational expenditure is eligible for R&D tax relief.
Total costs
The government funding for a KTP (between 67% and 50%), plus the company contributions, pay for:
- KTP Associate salary (in some instances, companies may need to top up the salary budget to secure a high calibre graduate).
- 0.5 days a week of university academic staff directly involved in the KTP.
- Travel costs for the KTP Associate and academic team.
- Contribution to equipment/consumables costs.
- University indirect and administrative costs.
- Personal and professional development of the KTP Associate.
More information on the eligible costs of a KTP programme can be found on the UKRI website. If you would like to discuss project costs and funding in more detail, please contact the team at ktp@brighton.ac.uk.