Good morning and welcome to this week’s Friday Brief.
With 155 days until the doors open for MACH 2016, last week saw the Exhibitors Marketing day take place at the NEC - all the presentations are available now on the MACH 2016 website. Just use the link in the story below and login to your account on the website to view them.
At next year’s Annual Dinner the MTA will be supporting the Royal Electrical & Mechanical Engineer’s Benevolent Fund by hosting a silent auction, we’re looking for prize donations to help raise money for this excellent charity. If you think you can help or need some inspiration about what to donate, contact Nicola Harrison in the MTA office via email firstname.lastname@example.org for further details.
The UK needs 1.82 million new engineers in the decade up to 2022, studying D&T in school enables this. We’re supporting the Designed and Made in Britain? campaign and we hope you will too, further details on this excellent initiative can be found in the below story.
Still on the topic of bringing the next generation of engineers to the fore The Imagineering Fair returns to Coventry’s Ricoh Arena on 14th and 15th November, find out how to attend this inspiring family event in the Friday Brief.
The Transatlantic Trade and Investment Partnership is a joint initiative by the US and EU to promote trade between the world’s two largest economic blocs. It is supported by both the American and European machine tool associations (AMT and CECIMO) as a way to promote the internationalisation of SME businesses. They have published a joint statement on TTIP, the text of which you can find below.
Lloyds Banking Group has this week announced that it has beaten its 2015 target to provide £1 billion in funding to UK manufacturers, as it continues to ramp up support for the sector. MTA members Renishaw have this week announced a cash giveaway aimed at schools in the Bristol area that will help young scientists get ahead at school, more details within the Brief.
The latest GDP data for the UK pointed to a slightly slower rate of growth for the economy in the 3rd quarter, mainly because of a poor quarter for the Construction sector, with manufacturing contracting at a slower pace than in the 2nd period of the year and Services running at a slightly faster rate. The latest CBI Trends survey, while supporting the view that Manufacturing overall is going through a period of weakness at the moment, also highlights the two-speed nature of the sector in the UK at the moment with the Automotive and Aerospace sectors remaining buoyant, while Machinery (Mechanical Engineering) is one of the weakest parts of the sector.
That’s all for this week, we’ll be back next Friday with more industry news, until then enjoy your weekend from everyone at the MTA.