Ultra Precision Engineers are in demand in both UK and European manufacturing industries. Engineering Companies can address this skills shortage by training existing staff or recruiting new staff with the appropriate skills. Since companies are understandably reluctant to lose key staff for re-training, it is preferable to meet the shortfall by recruitment. This paper describes how UK engineering companies have worked in partnership with academia to design a postgraduate course in ultra precision technologies. The new Masters level course has come to fruition under the auspices of the integrated knowledge centre in Ultra Precision structured surfaces (UPS2), as a component of its Knowledge Transfer portfolio. The MSc in "Ultra Precision Technologies" is led by Cranfield University, with support from University College London and the University of Cambridge. The role of industrial partners is described, from course design to student placements for individual project work; and the lessons learned from the first four cohorts are discussed.