As highlighted in the report of the McMillan Group in 2016, "University Knowledge Exchange (KE) Framework: good practice in technology transfer" (ED574177) there is no single profile of knowledge exchange that is appropriate to all universities. What is best for a given university is very context driven through the discipline portfolio it has and the environment in which it is located. There have therefore been two core challenges around identifying metrics that would allow the scale of KE activity to be measured, and in developing a framework through which the whole range of universities can describe and explain their own specific approach to KE. This consultation addresses the second challenge through the work of a joint UUK/Research England task group chaired by Professor Trevor McMillan, Vice-Chancellor at Keele University. The aim of this concordat is to give universities and their staff and students clarity of mission and to support their development, give partners an accurate representation of the approach that individual universities are taking to KE, provide clear indicators of their approaches to performance improvement, and give governing bodies and the government broad confidence in the activity that is taking place in universities. It also aims to stress how collaboration between universities and partners in various aspects of KE can be beneficial to all participants. In this consultation, a series of high-level principles is proposed that aim to cover the range of necessary underpinning activities for effective knowledge exchange. Within each there is a set of enablers that give specific areas that could be considered desirable. [This report was co-produced by GuildHE and informed by the Universities UK/Research England Joint Working Group.]