| Programme Definition
The Knowledge Transfer Partnerships scheme attracts funding which supports a three-way partnership between a company, a university academic and a graduate, to carry out a strategic project that will aid organisational, service and/or product development.
Employer Benefits
- To achieve some strategic developmental work to take the company forward commercially and increase profits, that would otherwise not receive focus because of operational constraints
- New technology and skills are transferred into the company and embedded
- Grant support
- The opportunity to employ the trained graduate at the end of the project
- On average businesses that have used Knowledge Transfer Partnerships have had long term growth, increase in overall business sales (46%), increase in profitability (42%) e.g. annual profit of over £170,000
Young Person Benefits
- Fast track career development
- Personal development
- NVQ management training modules completed through the Knowledge Transfer Partnership scheme
- Opportunity for recognition via higher degrees at postgraduate level
- Real industry project work applying knowledge
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