This summary report is the third and final in a series based on earlier The National Centre for Universities and Business (NCUB) research, Key Attributes of Successful Knowledge Transfer Partnerships, which was commissioned by Innovate UK and Research Councils UK. This report provides a guide for academics to the benefits to knowledge transfer partnerships through a model of best practice. KTP helps academics engage with British business by providing a structure through which the expertise available within academia can be made available to firms wanting to improve their competitiveness and performance.