In May 2018 the Department for Business, Energy and Industrial Strategy (BEIS) published their Business Productivity Review which noted that the UK lags behind its competitors in terms of productivity. The review also identified that “Effective management can be the difference between failing companies and thriving companies”.
Part of the BEIS response to the 2018 review was to provide £25 million to fund mKTPs. In the current 2021/22 round there is a commitment of £14 million which should allow the support of approximately 100 additional mKTP projects.
mKTPs focus specifically on increasing productivity, effectiveness, resilience, sustainability and improving results through better management practices. They will enable transformational improvement and positive change by identifying key, strategic management based initiatives to increase business effectiveness.
Prof. Peter Ball from the University of York's Management School spoke to these themes at the West Yorkshire Innovation Festival 2021. Watch his talk on Transforming for a Resilient and Sustainable Future.
The KTP Team at the University and our Regional Knowledge Transfer Advisers will assist businesses in determining whether your KTP project is a standard KTP or an mKTP. If you can answer yes to the majority of items on the BEIS 10-point checklist, then it is likely your project would be classified as an mKTP.