CHAMBER NEWS
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Knowledge is power
By Paul Yeomans Knowledge Transfer Partnerships Manager at the University of Nottingham
Knowledge Transfer Partnerships (KTP) is a UK- wide programme that helps businesses to improve their performance through the better use of knowledge, technology and skills. KTP can help your business
to bring in new expertise to deliver a specific, strategic innovation project. Each project is a three-way partnership between a business, an academic or research organisation and a suitably qualified graduate. An additional £30m of
funding has just been allocated to KTP to align with the Government's Industrial Strategy. In practice, this means growing the number of projects initiated this year from 300 to 500. On average, businesses that
take part in KTPs gained £283,000 pre-tax profit per year, and typically received between £80,000 and £120,000 in funding. The University of
Nottingham provides world- leading knowledge and expertise which can be applied to your business challenges. We work with businesses of any type and size, from local micro-businesses to large multinationals. We offer support from early
stage, exploratory enquiries through to full proposal development and help with final reports. To date we have submitted over 100 proposals and have maintained a 100% success rate.
If you're interested in finding out how your business could benefit from KTP, search 'University of Nottingham KTP' or get in touch with our team via
ktp@nottingham.ac.uk
Chamber hosts State of the Economy Conference
Working together for the good of the region was the key message that came out of a strategic conference staged in Derby recently. Mark Deakin, East Midlands
Regional Director at Turner and Townsend, summed it up as the second of “three Ps” – purpose, partnerships and politics – that needed to be addressed for regional success. As a discussion panellist, he told
the Chamber’s annual State of the Economy Conference, held at the Rolls-Royce Learning and Development Centre, Derby, that partnerships between the public and private sectors and investors were essential. Fellow panellist Jochan Schnadt,
Chief Commercial Officer at bmi regional, reinforced the message and added that with Brexit looming “and a complete lack of planning put forward” it was important “to do everything humanly possible to keep the status quo intact”. He dismissed scaremongers’
claims that flights between the UK and the EU would be grounded at Brexit as “unrealistic”. Also on the panel, the second of
the afternoon, Camilla Wigmore, Managing Director at Chamber business award winner Abacus Lighting, said she wanted to see increased investment in the region. Chamber Immediate Past-
President Geoff Poyzer, Managing Director for the Highways Division at North Midland Construction, said his company was “extremely busy” at the moment but most of the work was with water and broadband. Paul Harris, Director of Economic Development at Rolls-Royce, said it
Lillian Greenwood MP and Nicky Morgan MP were both in attendance
was pleasing that the Government was interested in developing an industrial strategy and, continuing the partnership theme, said: “We want to see it go across the whole of Government.” After the discussion, Lillian
Greenwood, MP for Nottingham South and Chair of the Transport Select Committee, talked about the need for continued investment in the important issue of transport and questioned the logic behind adopting bi-mode trains instead of faster, lighter, greener electric trains for the Midlands Main Line. “I have been asking the Department for Transport how it came to that decision and my Committee’s job is to ensure they justify it.” Scott Knowles, Chief Executive
at the Chamber, had opened the conference by reminding delegates that Chancellor of the Exchequer Philip Hammond’s Budget was his penultimate before Brexit, which he described as “a sobering thought”.
‘The East Midlands economy was recognised as one of the fastest-growing outside of London and the South East, with manufacturing in the region very strong’
24 business network December 2017/January 2018 Then the near-200 delegates
heard Alastair Cunningham, the Bank of England’s Agent in the East Midlands, talk about inflation and why the recent interest rate rise was a positive thing as it showed growth in the economy. He said it was expected that
export growth would continue. Nicky Morgan, MP for
Loughborough and Chair of the Treasury Select Committee, told the conference: “The view from Westminster is one of confidence, the view of Westminster at the moment is pretty grim”. She said she couldn’t give any glimpses about what might be included in the Budget but did add towards the end of her presentation that she expected “a big housing package”. She said the East Midlands
economy was recognised as one of the fastest-growing outside of London and the South East, with manufacturing in the region very strong, employing some 600,000 people in the sector in the region. She concluded by saying the
Treasury Select Committee “will be hearing from business about Brexit”. Hosted by Rolls-Royce, the main
sponsor of the event was bmi regional with additional support from Turner and Townsend.
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