Knowledge Transfer Partnerships is a programme partly funded by the British Government to encourage collaboration between businesses and British universities. In was established in 2003 to replace the Teaching Company Scheme, which was launched in 1975. South Bank University began partcipating in the Teaching Company Scheme in 1997. In response to the launch of the Knowledge Transfer Partnerships, the University established the Centre for Knowledge Transfer in 2003. The Centre sat within the Research and Business Development Office until 2012, when it moved to University Enterprise after the Office was divided into Research Services and University Enterprise.