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No matter how good we are at running our business, sometimes we can all benefit from an external perspective and hearing from those at the cutting-edge of research. 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.
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 not only provide the services of your KTP student, but also 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:
Peterborough businesses benefit from the presence of a wealth of highly experienced professional service providers based in and around the city.
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