In 2013 to 2014 KTP supported UK business by drawing on the expertise of 98 higher education institutions across more than 350 departments.
Latest figures released by Innovate UK reveal that in 2013/14, for every £1 million of government investment into a Knowledge Transfer Partnership:
- 25 new jobs were created (including associates employed after their project completed)
- 353 staff were trained
- £2.2 million was invested in plant and machinery
- £3.06 million was invested in R&D
Furthermore, 86% of partnerships completing a final report confirmed they had plans for further collaboration as an outcome of their KTP which further demonstrates the success of the programme.