Funding
Each Knowledge Transfer Partnership is part funded by a Government grant to the Knowledge Base Partner. This contributes to the costs it incurs through participating in that particular Knowledge Transfer
Partnership, whilst the balance of the costs directly attributable to a KTP Associate's project is borne by the company partner.
The largest part of the costs of a Knowledge Transfer Partnership is the employment cost of one
or more KTP Associates and the cost of staff from the Knowledge Base Partner who are directly involved in the Partnership. The remainder includes provision for equipment and travel costs, the Knowledge Base Partner's indirect and administrative costs
and costs associated with the personal and professional development of the KTP Associate(s).
The amount of a grant to the Knowledge Base Partner and, therefore, the amount the company has to pay, is determined almost entirely by the number of KTP Associates to be employed, the length
of their project, whether the company is, or is part of, a Small or Medium-sized Enterprise and, in some cases, e.g. in London, the location of the Company Partner and/or the Knowledge Base Partner, and whether the company has collaborated on a KTP Programme
in recent years.
The financial arrangements for any potential Knowledge Transfer Partnership should be discussed with a KTP Adviser.
How much should a company expect to contribute?
The budget for any individual Knowledge Transfer Partnership, and a company's contribution to it, depends on the details of the specific Partnership. However, annual company contributions per KTP Associate employed could be at around the following
levels for a first Knowledge Transfer Partnership: - Contribution by an SME company, that is one with fewer than 250 employees* can expect to contribute a third of the project costs. - Contribution by a large company or group, i.e. with more than 250
employees* or a company that does not qualify as an SME, would be around half of the project costs. Currently, average annual project costs are around £60,000.
*Where a company is part of a group, the company size is determined by the number of employees in the group as a whole. There are also balance sheet and turnover criteria.
Companies will need to cover the full overhead costs of their own participation in a Knowledge Transfer Partnership. These include management and supervisory effort, additional materials, capital equipment and accommodation. They are also expected
to contribute to the cost of equipment purchased specifically for the use of a KTP Associate during their project work above the contribution provided for in the grant.
Companies should also be prepared to enhance the salaries of KTP Associates to reflect pay levels in their organisation, business sector and location.
Companies are invoiced by their Knowledge Base Partners, normally quarterly in arrears.
To learn more about the benefits to a company, please view the statistics contained in the latest KTP Annual Report.
If you have any questions about Knowledge Transfer Partnership costs please contact us.
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