KTP Funding Boost for SMEs

 Published on 17 April 2009

The Technology Strategy Board (TSB) has recently announced a funding boost for SMEs undertaking KTP. The increased funding will reduce the company partner’s contribution from 33% to 25% for the duration of the incentive period. The incentive period will run between 1 April 2009 and 31 March 2010 and apply to new KTPs and also existing projects that are still running at 1 April 2009.

The aim is to encourage SMEs and third sector organisations such as charities to take part in the KTP programme despite the uncertain financial climate.

Pete Munday, KTP Programme Manager at the TSB said, "Organisations that participate in Knowledge Transfer Partnerships have been shown to derive great benefits from their participation. The current economic conditions are making participation in KTPs more difficult for SMEs. Government and the Technology Strategy Board is therefore prepared to cover a bit more of the risk so that these companies or organisations are better placed to exploit the upturn when it arrives"

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