The government has just announced in its 2018 Budget that it will invest up to £25 million to expand the KTP scheme. This means businesses can apply for a share of up to £40 million to take part in a Knowledge Transfer Partnership (KTP).

This will create places for more than 200 additional graduates and academics with relevant skills in highly innovative firms over the coming years.

The programme aims to promote competitiveness and productivity in a business by bringing in new knowledge and skills.

KTPs are designed to help businesses to turn academic insight into viable products and services, leading to growth and future development.

They can either build on an existing relationship with an academic partner, or be a completely new collaboration with a university, college or research and technology organisation. A Knowledge Transfer Adviser can help to set this up.

Further information can be found here