Firm benefits from university partnership

Renown KTP
Renown KTP

A CRAMLINGTON company has seen its sales rocket by £4m since it started a partnership with Northumbria University.

Since Renown Engineering set up its two Knowledge Transfer Partnerships (KTP) with the university, its sales have risen from £11m to £15m.

The projects have seen the implementation of a new business and marketing strategy and a new product development capability, both of which have been graded as ‘outstanding’ by the Technology Strategy Board.

Managing director John Hamilton, said: “The KTP relationship has been a great success, it continues to deliver tangible benefits, not just to the growth of the business, but it has also injected a ‘feel good’ factor which is permeating throughout the Renown team.”