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Newsletter Listing intro for week 30

Welcome to the Friday Brief for 25 July 2014.
GDP figures released by the ONS this morning shows that the UK economy has finally returned to its pre-recession position. It has taken 25 quarters, making this the longest recession since quarterly records began in the mid-1950s.  The strong growth in the UK economy, which is now +3.1% larger than it was a year ago, has been generated mainly by the service sector, with manufacturing growth relatively modest over the past quarter at +0.2%. The detailed industry figures which are due out in a couple of weeks’ time will indicate whether this is a general trend or if there are specific industries which are dragging the overall manufacturing growth rate down.
We have news this week of the National Aerospace Technology Exploitation Programme (NATEP) aimed at small and medium sized suppliers. The Programme will help SMEs develop their own innovative technologies to enhance their capabilities and increase their ability to win new business with higher tier compa¬nies anywhere in the world. The NATEP has emerged through the Aerospace Growth Partnership to develop a supply chain with a high rate of innovation enabling the UK to ensure that market opportunities are exploited and high value manufacturing work retained in the UK.
There are details this week of two initiatives aimed primarily at businesses in the Midlands. The deadline for submission of applications to the Business Innovation Programme (BIP) fund Round 1 is Friday 1st August. The BIP aims to stimulate innovation within SMEs so as to encourage and enable existing businesses to invest for the future, to lever private sector investment, create new and safeguard existing jobs. We also have been informed of a networking event hosted by EBRI, Aston University on 29 July providing an opportunity to learn more about the wide variety of low carbon development funding schemes available for Midlands SMEs.
First details of the annual MTA Members Golf Day are announced this week. This popular event will be held on 24 September 2014 at the scenic Hellidon Lakes Golf & Spa Hotel, Daventry, Northamptonshire. Only 20 teams can take part so don’t delay selecting your team and making an application.

Members attending IMTS in Chicago will be interested in an invitation to attend a UKTI hosted networking reception on the evening of Tuesday 9th September. We have full details of the networking reception in the brief.

Finally, congratulations should go to MTA President, Mark Ridgway OBE, who this week received an Honorary Doctorate of Technology from Leeds Metropolitan University for his contribution to industry and commerce, to public life and the voluntary service.
Have a good weekend.
 

MTA President receives doctorate

MTA President receives doctorate

MTA President, Mark Ridgway OBE, received an Honorary Doctorate of Technology from Leeds Metropolitan University on Wednesday for his contribution to industry and commerce, to public life and the voluntary service.
Commenting on receiving the award Mark said: "It really is a great honour to receive this award today, the importance of this University in developing the skills we need in our region is essential.

MTA at Wassenaar Arrangement Experts Group

MTA at Wassenaar Arrangement Experts Group

At the invitation of BIS, a representative from the MTA Technical Committee attended the recent Wassenaar Arrangement Experts Group (WA) meeting in Vienna to support the UK Government delegation. The sessions attended with the BIS discussed recent Swiss proposals to change the basis of measurement for determining if machine tools required an Export Licence.

MTA Members Golf Day

MTA Members Golf Day

The annual MTA Members Golf Day will be held on 24 September 2014 at the Hellidon Lakes Golf & Spa Hotel, Daventry, Northamptonshire. Only 20 teams can take part so don’t delay your application and be disappointed.

NATEP launched

NATEP launched

The AGP has developed the National Aerospace Technology Exploitation Programme (NATEP) aimed at small and medium sized suppliers to help them develop their own innovative technologies to enhance their capabilities and increase their ability to win new business with higher tier compa¬nies anywhere in the world. This builds on the successful regional technology pro¬gramme (ATEP) run in the Midlands.

BIP deadline nears

BIP deadline nears

The Business Innovation Programme (BIP) fund Round 1 is now open and the deadline for submission of applications is Friday 1st August 2014.
BIP is an £8.7 million package of support, part funded by European Regional Development Fund (ERDF). BIP aims to stimulate innovation within SMEs to encourage and enable existing businesses to invest for the future, to lever private sector investment, create new and safeguard existing jobs. We have details below of the programme for companies across the West Midlands.

Funding and support for low carbon development

Funding and support for low carbon development

A networking event hosted by EBRI, Aston University on 29 July will provide an opportunity to learn more about the wide variety of low carbon development funding schemes available for Midlands SMEs.
Entitled Funding for Low Carbon Development the event will offer practical examples of how successful these funds have been and there will be an opportunity to speak to the organisations who can help your business put together an application, deliver your projects and improve business performance.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK GDP, 2nd Quarter 2014:  The preliminary estimate for the UK economy from the Office for National Statistics (ONS) shows an expansion of +0.8% compared to the previous quarter.  This makes the UK economy +3.1% larger than it was a year earlier and, perhaps most significantly, +0.2% larger than it was in the 1st quarter of 2008, immediately before the recession began.