Graduate support and funding for businesses

Information event on Knowledge Transfer Partnerships

Ambition we have it

Businesses in North Lanarkshire are being invited to learn more about Knowledge Transfer Partnerships (KTPs) as a means to help increase competitiveness, productivity and performance.

We are encouraging companies in the manufacturing, engineering and technology sectors in particular to get involved with KTPs - which are a three-way partnership between the business, a UK university or college, and a recently qualified graduate.

The graduate is employed by the university for 12 to 36 months but based at the business. A work plan is agreed, with ongoing monitoring and reporting involving all partners throughout the project's lifespan.

This programme, run by Innovate UK, can help businesses grow by enabling them to tap into the skills and expertise that lie within the UK academic and research organisations.

An event is being run by Innovate UK and the University of Strathclyde's Advanced Forming Research Centre (AFRC) in Inchinnan, Renfrew on Wednesday 19 June to help businesses find out more about KTPs, what's involved and how to apply. There will be an opportunity to hear direct from businesses who are currently participating in KTPs.

Grant funding is available to businesses taking part in the programme: 67% for small to medium sized businesses (with up to 250 employees and 50m Euro turnover) and 50% for large businesses.

Yvonne Weir, Enterprise Manager said: "KTPs are a great way for businesses to bring in and benefit from new knowledge, technology and skills.

"They create capacity by bringing in additional resource to address operational challenges that may be hindering performance and to pursue new opportunities that could help drive growth within the business.

"Right now, there are 105 academic and research organisations across the UK participating in KTP and there are over 800 projects running, including within North Lanarkshire.

"KTPs have been active for more than 40 years and form part of the UK Government's industrial strategy. They are a tried and tested driver of innovation and growth. We are right behind this opportunity and would encourage more local businesses to get involved and find out more."

Statistics show that 64% of KTP graduates are offered jobs by the business, after completing the programme.

KTPs are ideally suited to businesses who:

Have a strategic business challenge

  • Want to embed new capabilities in the business
  • Have a project that could generates significant impact (£) for the business
  • Have a project that demonstrates Innovation - for the academic and the company
  • Have a project that demonstrates academic and company challenge

North Lanarkshire businesses currently taking part in KTPs include:

  • INEX Works Group Ltd, Cumbernauld - partnered with the University of Strathclyde to develop an industry leading range of high performance and environmentally friendly de-icing solutions.
  • Mersen UK Ltd, Motherwell- partnered with the University of Strathclyde to develop the performance of carbon felts which can be used in medium to large scale energy storage systems.
  • Long Lane Deliveries, Bellshill- partnered with the University of Strathclyde to streamline operations through business process modelling and optimisation, knowledge management and operational excellence tools and techniques.
  • Lamellar Biomedical Ltd, Motherwell - partnered with the University of Strathclyde to optimise product efficacy across a range of therapeutic treatments
  • Fishers Services Ltd, Coatbridge- partnered with the University of Strathclyde to develop a capability to de-commoditise textile products by making them smarter and higher quality through adoption of a tracking system.
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