Monthly Archives: September 2019

Hot Business News Today

Knowledge Transfer Partnerships: what are they and what can they do for you?

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Originally written by Paul Yeomans on Small Business
Knowledge Transfer Partnerships (KTP) can help you develop new products, embed new skills and improve the efficiency of your business to increase profits.
KTP is an Innovate UK-funded programme that for the past 40 years has helped small businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within UK universities.
The types of projects undertaken via KTP are strategic and significant for the participating business: they are often central to their future growth and success and are undertaken in a fully professional way. These are not part-time projects or student/graduate placements.
How does a Knowledge Transfer Partnership work?
A full-time member of staff is jointly recruited by a company and a university to work on-site in the business but with access to university facilities. The projects also benefit from a team of academic experts, who regularly visit the company to work directly on the project, while project management support from Innovate UK and the university ensures that there are no grant claims for the company to manage as with other funding.
Many Government small business support initiatives have come and gone since the scheme began in the mid-1970s, but KTP

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Hot Business News Today

Knight Capital to open London office offering small business loans

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Originally written by Timothy Adler on Small Business
EXCLUSIVE: Knight Capital, the Malaysian small business financier, is opening a London office to finance British small businesses.
Kuala Lumpar-based Knight Capital hopes to lend around £1.5m to around 15 to 25 small businesses in its first year through its UK offshoot Knight Credit.
Products on offer will include term loans, bridging loans and working capital with no minimum amount.
See also: Best small business loans in the UK
The implication is that it will be lending between £60,000-£100,000 a time to small businesses, although Knight Credit says it can go as high as £3m.
Knight Credit sees an opportunity to come into the UK market post Brexit, especially as it sees an opportunity for supply-chain finance given the inevitably more complicated red tape surrounding imports and exports.
Samreet Singh Randhay, who will be running the London office when it opens its doors on November 1 – the day after the UK is due to leave the European Union – said: “With Brexit coming, there will be a lot more financing required because of the UK’s vision of being self-sustaining.”
Singh stresses that, unlike other small business lenders which stress ease of applying for loans online and fast decisions, what

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