University of York and its peers across Yorkshire are calling on local businesses to take advantage of the provision of an extra $40m in government funding for knowledge transfer.

University of York is set to benefit from an additional £30m ($40m) in funding provided by the government’s knowledge transfer partnership (KTP) scheme for the 2017-2018 financial year.

The university led a call with its regional peers – which number 12 higher education institutions in Yorkshire and the Humber – for local businesses to join the initiative.

KTPs enable companies to work with university researchers and academics to glean insights into growing their businesses, while providing an employment destination for skilled graduates of…