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Friday Brief Archive

2020

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Newsletter Listing intro for week 26

Welcome to the Friday Brief.

This week’s news has been dominated by the debate following the Government’s announcement of its Comprehensive Spending Review. Paul O’Donnell has read through the detail and highlights areas of expenditure that will be of interest to MTA Members, like the promise of an extra £185 million for the Catapult Centres. While suggestions of a looming crisis in electricity supply grabbed the headlines, the announcement also included more detail about the Single Local Growth Funds as they will be called, which will be administered by the Local Enterprise Partnerships (LEPs). The MTA is keen to acquire a better understanding of how the LEPs are preparing to take on the new responsibilities and would welcome Members experiences, directed to Paul O’Donnell.

Other reports this week throw light on how the Conservative and Liberal Democrat parties that make up the Coalition Government view the significance of the manufacturing industries in the UK. David Willets, the Minister for Science, was addressing a dinner for professors of manufacturing recently and revealed how both parties’ attitudes had changed. Willets said that the Coalition now recognised the importance of the role of manufacturing and advanced engineering in rebalancing the UK economy. Read our correspondent’s account of the speech in this week’s Friday Brief.

There are also timely reminders of the Access OEM day at JCB in Staffordshire on 16 July and the Inter-Association Golf Day on 17 July. A further date for the diary is a workshop on 18 July exploring how a bid can be assembled for the next round of AMSCI funding. Members keen to play a part in developing supply chain initiatives in the composites sector should examine this opportunity.

Finally, Associate Member Kingston Smith is arranging a seminar on 3 July for businesses considering opportunities in Africa.

Have a good weekend.
 

Foreign Exchange Report

Foreign Exchange Report

Foreign Exchange Report

This week was once again going to be all about the US dollar. Following Ben Bernanke’s announcement last Wednesday stating that the Federal Reserve may look to reduce Quantitive Easing (QE) and maybe even look at increasing the interest rates before the end of the year, the dollar has strengthened over 2.5% against the pound.

Inter-Association Golf Day

Inter-Association Golf Day

The annual Inter-Association Golf Day will be held on 17 July at the Leicestershire Golf Club. Two trophies are at stake so the MTA is looking for a good turn out from members. The day will start with tea/coffee and bacon sandwiches, with the first ‘T’ at 0930. The event will finish with a three course evening meal and prize giving.

Access OEM

Access OEM

The MTA has teamed up with Findlay Media to put on a series of joint events to meet Original Equipment Manufacturers. Known as Access OEM events the first will take place at JCB’s Rocester, Staffordshire headquarters on 16 July 2013. MTA members will be entitled to a discount on attendance at the event.

Tackle composites supply chain challenges

Tackle composites supply chain challenges

Composites UK and Axillium Research invite you to the second consortium-building workshop on progressing a collaborative programme that addresses the challenges of Composites Supply Chains for Advanced Manufacturing. The workshop will be held on Thursday 18th July at Axillium Research, Daventry. You do not need to have attended the first workshop to take part.

Africa business seminar

Africa business seminar

Kingston Smith is teaming up with Africa's largest law firm ENS for the latest in their series of 'So you want to do business in....' seminars.

This seminar will set out the dos and don'ts of:
• Entering into the African market place
• Setting up a permanent establishment
• Hiring and transferring employees and executive officers

Recognising manufacturing

Recognising manufacturing

EAMA, the Engineering and Machinery Alliance, which is an umbrella body of ten trade associations to which the MTA belongs, was recently invited to attend a dinner for Manufacturing Professors addressed by David Willets, the Minister for Science.

Spending Review announcement

Spending Review announcement

Spending Reviews used to be grand parliamentary occasions at which Gordon Brown, who invented them, would stand up and announce how many billions of pounds he was going to shower on a grateful populace. Not anymore. Ever since the credit crunch hit, the circumstances have become a fair bit more straightened. George Osborne has of course made a virtue out of practicing the prudence of which his predecessor but one preached so fulsomely.