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With CityFibre’s full-fibre gigabit infrastructure set to reach nearly every home and business premises in the city, there’s huge potential for businesses to take advantage of smart technologies to improve productivity, efficiency, sustainability, and profit margins.
Opportunity Peterborough has excellent relationships with a number of universities, research institutes and consultancies and can introduce you to the most relevant organisations to help you reach the next stage of evolution.
From local professional service providers like accountants, solicitors, and property professionals, through to innovation funds, and collaborative partnerships to develop new technologies, we’re here to help and will have the contacts to support your business.
Knowledge Transfer Partnerships (KTP) is a UK-wide programme enabling businesses to improve their competitiveness, productivity and performance.
KTPs form a partnership between your business and an academic institution – a university, further education college or research and technology organisation – allowing you to access skills and expertise to help your business develop.
The knowledge sought is embedded into the business from the institution through a project, or projects, undertaken by a recently qualified student, recruited to specifically work on that project. KTPs can vary in length from 6 months to three years, depending on the needs of the business and the desired outcomes.
A KTP is part-funded by a government grant. A small to medium-sized enterprise (SME) would be expected to contribute about a third of the costs involved in the project – the average annual contribution to a project for an SME would be around £20,000. This contributes to the costs of the institution’s supervisor and towards the student’s employment and development. Your contribution to the costs of the project provides the services of your KTP student, the time and expertise of the academics or researchers working with you, and, in the case of a long-term strategic KTP, expert guidance from a KTP Adviser.
If you think a KTP could benefit your business and you’d like to find out more then contact Opportunity Peterborough.
Increases in profitability don’t have to come from increases in sales. Improvements in operational efficiency can lead to increased productivity and cost savings that improve the bottom line. There a number of ways to improve operational efficiency:
The GrowIN4.0 project is helping SME manufacturers to identify the emerging technologies which will create the biggest positive impact on their productivity and carbon footprint, as well as how to use them most effectively and integrate them easily into their current operations. You can read more about the project here.
For more information on any of the areas covered on this page, or to request an introduction to organisations that are best able to meet your requirements, contact us