The Teaching Company Scheme (TCS)
The Teaching Company Scheme (TCS) is designed to promote industry/academic collaboration to improve product design, efficiency, manufacturing processes, skills, training and R&D, market access and process quality.
It provides grants to Higher Education Institutes (HEIs) to pay part of the staff and project-related costs of one or more graduate Teaching Company Associate(s) (TCA) who are placed with a company to work on a collaborative project linking the company and the HEI.
The company pays part of the total coststypically £16-18000 per TCA per year for a company with fewer than 250 employees, or £24-27000 per TCA per year for bigger companies. About 10% of awards go to firms with fewer than 10 employees.
With effect from June 2003, the TCS was replaced by Knowledge Transfer Partnerships which are managed under contract for the DTI. The essence of the scheme remains the same.