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Newsletter Listing intro for week 42

Good morning and welcome to this week’s Friday Brief.

We’d like to draw your attention to our AGM which will take place on 2 December 2015 at the IET, Austin Court, Birmingham. Please register for this event here.

Another quick reminder that our MACH 2016 Exhibitor Marketing day will take place at the NEC, Birmingham next week Wednesday 21st October. To book your FREE place for you and your colleagues, please click here and complete the form. We have a packed schedule of speakers and the day is designed to ensure you get the most out of the exhibition, so make sure you can come along.

The OECD have just released the final deliverables of their Base Erosion and Profit Shifting (BEPS) Action Plan. This includes new guidelines in relation to the implementation of IP Boxes such as the UK Patent Box Regime. We’ll have more on these developments in the coming weeks, so keep your eye on the Friday Brief for more information.

The Greenwich Manufacturing Group is a cross-faculty initiative at the University of Greenwich that has been set up to help support the development of internal and external collaborations in manufacturing. The First GMG Greenwich Manufacturing Evening, 3 November 2015, 5-7pm. This event is free to register please follow this link http://www.eventbrite.com/e/the-new-manufacturing-era-opportunities-for-the-uk-tickets-18756829181?aff=eivtefrnd.  

Smaller manufacturers put their faith in ‘people power’ to solve productivity puzzle, the last MAS Barometer of the year is now out, see the below story for their findings.

The MTA Business Survey is still open and we’d encourage all members to contribute – the on-line form is available at http://www.mta.org.uk/mta-business-survey-sept15.

The latest data on manufacturing output for the UK points to a continuation of the recent trend of strong levels of activity in Automotive and Aerospace, balanced by flat activity levels for Metal Products and falling output in the Machinery sector;  for the last of these sectors, output levels are now not much above where they reached at the height of the recession and although this is partly due to some numbers that we just don’t believe in January 2013, it is also clear that this sector is suffering more than most others from the weakness in global activity.  In Europe, Capital Goods output fell in August, but remains one of the strongest performing sub-sectors when compared to a year ago;  we need to see over the next few months whether this is a turning point or just a blip over the summer holidays.  This theme of strong Auto and Aero sectors is also reflected in data from the USA.

That’s all for this week, we’ll be back next Friday with more industry news.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK Manufacturing Output, August 2015:  Following on from the article a couple of weeks ago about the re-working of the GDP data, the latest release of manufacturing output numbers from the Office for National Statistics (ONS) also reflects this re-basing and revision.  Although the overall trends have changed little, the charts look rather different with the use of 2012 as the base year.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

We will be closing the September edition of the MTA Business Survey early next week, but there is still time for you to respond (with thanks to those who have done so already);  the on-line form is available at http://www.mta.org.uk/mta-business-survey-sept15 and, if you have not done so already, we would encourage you to take part in this  valuable and timely indicator of the trends for the manufacturing technology sector in the UK.

The latest Manufacturing Barometer – Smaller manufacturers put their faith in ‘people power’ to solve productivity puzzle

The latest Manufacturing Barometer – Smaller manufacturers put their faith in ‘people power’ to solve productivity puzzle

Investing in the skills of their workforce is the main priority for England’s small and medium sized manufacturers (SMEs) it was revealed this week.

The latest Manufacturing Barometer – produced exclusively for the Business Growth Service – reports that 71% of respondents are planning to increase spending on developing their people in a bid to unlock the ‘productivity puzzle’.

OECD Release New Guidelines Relating to UK Patent Box

OECD Release New Guidelines Relating to UK Patent Box

The OECD have just released the final deliverables of their Base Erosion and Profit Shifting (BEPS) Action Plan. This includes new guidelines in relation to the implementation of IP Boxes such as the UK Patent Box Regime.  They will require countries with IP Boxes to implement the so-called “nexus” approach from 1 July 2016.

The First GMG Greenwich Manufacturing Evening, 3 November 2015, 5-7pm

The First GMG Greenwich Manufacturing Evening, 3 November 2015, 5-7pm

Title: The New Manufacturing Era - Opportunities for the UK

The Greenwich Manufacturing Group is a cross-faculty initiative at the University of Greenwich that has been set up to help support the development of internal and external collaborations in manufacturing.

This special event marks the first open meeting of the Greenwich Manufacturing Group with the following stimulating agenda:

·       A presentation about GMG: what we have done since starting on the road to setting this up, where we are going with it, and how you can participate and benefit.

MACH2016 Exhibitor Marketing Day – 21st October 2015 at The NEC Birmingham

MACH2016 Exhibitor Marketing Day – 21st October 2015 at The NEC Birmingham

The MACH 2016 Exhibitor Marketing day will take place at the NEC, Birmingham on Wednesday 21st October. The day is designed around Managing Directors, Sales Directors and Senior Marketers and will help you get the most out of the exhibition – to ensure you maximise your return on investment.