Welcome to the Friday Brief for week ending 26 July. Figures released this week show that the preliminary estimate of GDP for the 2nd quarter by the Office for National Statistics (ONS) saw the economy expand by +0.6% compared to the 1st period of the year. Excluding the 3rd quarter of 2012 which was boosted by crediting all of the Olympic ticket sales in one period, this is the fastest quarterly growth rate for three years.
The heat wave that continued into this week seems to have brought forth a number of opportunities from hot climes. We have news this week of business scholarships for firms looking to move into the Indian market or expand existing business in the country. We have only just received details of the scheme; interested companies should act fast as the deadline for applications is the 31 July we are told.
The first British Business Centre in a large emerging market is being established in India later this year. To help the high profile launch we have been asked to contact members who can supply case studies of their experiences of developing business in India. We also have news of dynamic SMEs in Singapore who plan to visit the UK later this summer to talk to potential business partners.
Members who attended the Annual Dinner last year will be pleased to learn that Adam Kelsey of Group Rhodes, who was awarded the 2012 AMTRI Scholarship, was recently awarded First Class Honours for his BSc at Sheffield Hallam and is shortly to embark on Post Graduate study, funded by the Scholarship at the University of Bradford. Congratulations Adam and keep up the good work.
If you are in London between now and the end of October a new exhibition at the Design Museum entitled “The Future is Here” will be featuring innovation in manufacturing and promises to be well worth a visit. Don’t forget to put the MTA’s Golf Day, 26 September, in your diary.
Finally, MACH exhibition space continues to sell fast, with the 16,000m2 mark passed this week, and we have news of developments in the Welding World Village.
Have a good weekend.