60 per cent of employers surveyed by the CBI have developed links with local universities, and nearly half of these said they had used a university to help develop their workforce to some extent.

The ProfitNet programme at Brighton University offers practical and hands-on advice for local firms through monthly sessions targeted at their sector.  Bringing together 500 companies across Sussex, it has helped in the creation of supply chains, developing new processes and exploring joint venture opportunities.

ProfitNet works by creating facilitated ‘learning networks’. Groups of 15 to 20 businesses meet monthly for knowledge exchange and sharing of best practice in business planning, strategy and innovation.

Member companies include start-ups and established businesses. Demonstrated benefits include:

• 91 per cent reported improved business planning and strategy skills
• 72 per cent implemented new innovation strategies
• 46 per cent made cost savings