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Outcomes

Latest figures released by the Technology Strategy Board reveal that in 2011/12, for every £1 million of government investment into a Knowledge Transfer Partnership:

  •      39 new jobs were created (including associates employed after their project completed)
  •      279 staff were trained
  •      £1.53m was invested in plant and machinery
  •      £1.2m was invested in R&D
  •      The anticipated annual increase in profit increased to £4.79m (from £3.08m in 2010-11).

Furthermore, in 2011-12, 78% of partnerships completing a final report confirmed they had plans for further collaboration as an outcome of their KTP and demonstrates the success of the partnership scheme.