League table rise for University business scheme

The Knowledge Transfer Partnership (KTP) scheme places graduates with companies to help them boost their profits.

Wolverhampton is already top in the Midlands, but a new league table shows it has now risen from third place to joint second, alongside Sheffield University.

KTPs allow companies to benefit from a highly-skilled graduate, who will work on a project of strategic importance for between 10 weeks and 36 months with the help of an academic mentor from the University.

Marc Fleetham, the University’s KTP Manager, said: "We are delighted with our continued success in KTPs and have received excellent feedback.

"KTPs are helping companies to beat the recession, by providing high-calibre graduates who are able to work on specific projects. The initiative is proven to improve productivity and we would encourage businesses to find out more about how they could benefit."

A recent success story is Poonam Mehmi, who has worked as a Product Manager at control gear manufacturer Craig and Derricot, in Walsall Wood, since December.

During that time, she has overseen a new website and is about to launch a new product range and company newsletter.

She said: "I have only been in my project for six months and already my skills and competence levels have improved immensely and I have gained insight into strategic management and new product development.

"The support I have received from the University and my academic supervisor has been brilliant. I would highly recommend the KTP programme to graduates since it’s a great fast track to a career in management."

The KTP initiative has seen an increase of over 40% in the number of programmes established over the last year, supporting the future success of the region.

Further information

Knowledge Transfer Partnerships are designed to encourage collaboration between universities and organisations and help improve the profitability and competitiveness of UK companies.

On averages, participating businesses can expect to increase annual profits by around £227,000 before tax.

The University of Wolverhampton currently manages 32 KTP placements.

In May last year, the University was awarded an unprecedented seven KTPs.

Each partnership receives financial support from the Knowledge Transfer Partnerships programme. KTP aims to help businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills.

KTP is funded by the Technology Strategy Board, along with other Government funding organisations.

Figures are calculated quarterly by the Technology Strategy Board.

For more information please contact Emma Kilvert in the Press Office on 01902 322003.

 

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