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Friday Brief Archive

2019

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Newsletter Listing intro for week 47

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

This week the MTA and the Finance & Leasing Association issued a joint document on asset finance solution to the funding gap in high-value manufacturing. Find out what the associations put forward in the story below.

UK Trade & Investment invites UK companies working within the Civil Nuclear, Oil & Gas and conventional energy sectors to participate in the GREAT Energy Summit in Warsaw, Poland which takes place in February next year. To receive a detailed programme and mission application form, please contact info@ukti-events.co.uk.

Last weekend saw the 2016 Imagineering Fair take place at the RICOH Arena in Coventry, the MTA was there to support the event, find out more within the Brief.

This week the Chancellor announced plans for the West Midlands combined authority featuring Birmingham, Coventry, Dudley, Sandwell, Solihull, Walsall and Wolverhampton. We’ll be following this story closely and updating members as more develops in the coming weeks and months.

Lloyds Bank, headline sponsors of MACH, have sent us a preview of the 2015 Autumn Statement that will be given by the Chancellor of the Exchequer next week, you can find this document in the below article, we’ll be providing a full run down of the statement next week. 

There is some mixed economic news this week with, as often seems to be the case at the moment, some crucial details which alter the overall view of the headlines.  The CBI Industrial Trends Survey points to a downturn for manufacturing, but the strongholds of the Transport Equipment industries continue to buck that trend, although the latest data on trade in goods for the UK is not as positive.  On the other hand, the GDP data from Europe, while not spectacular, does point to a continuation of the gentle, but steady recovery that is underway there.

We’ll be back next week with more news, until then, enjoy your weekend from everyone at the MTA.

KEY EVENT PREVIEW: AUTUMN STATEMENT 2015 by LLOYDS BANK

KEY EVENT PREVIEW: AUTUMN STATEMENT 2015 by LLOYDS BANK

Lloyds Bank, headline sponsors of MACH, have sent us a preview of the 2015 Autumn Statement that will be given by the Chancellor of the Exchequer next week.  They suggest that George Osbourne will largely stick to his plans for austerity for the UK economy, although he will have to address twin issues of an overrun in the public finances this year and to find a way to handle the issue of tax credits, following the rejection of the original plans by the House of Lords.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

CBI Industrial Trends Survey, November 2015:  There is mixed news from the latest CBI Survey where, although manufacturing output edged up over the 3 months to November, firms anticipate a decline in output over the coming quarter for the first time in 3 years.  This downturn is quite well spread with 11 of the 18 sub-sectors in negative territory and the largest drivers being Chemicals, Mechanical Engineering and Metal Manufacture; however, Transport equipment and Metal Products still have a positive outlook.

Imagineering Fair 2016

Imagineering Fair 2016

Last weekend saw the 2016 Imagineering Fair take place at the RICOH Arena in Coventry.

The fair was run by the charity for families and showcased a range of excited engineering projects from different parts of the engineering world.

The MTA had a stand which had staff and apprentices from the MTC helping young people build micrometres as well as a few hundred paper aeroplanes!

GREAT Energy Summit 2016

GREAT Energy Summit 2016

17 – 18 February 2016, Warsaw, Poland

UK Trade & Investment invites UK companies working within the Civil Nuclear, Oil & Gas and conventional energy sectors to participate in the GREAT Energy Summit and engage directly with key decision makers responsible for Energy Investment Programmes from across Central and Eastern Europe.

30 – 40 UK companies are expected to participate in this VIP led two day programme, which will include keynotes from senior government officials, thematic roundtables and one-to-one meetings.

West Midlands Combined Authority Announced

West Midlands Combined Authority Announced

This week the Chancellor joined members of the West Midlands Combined Authority shadow board to put pen to paper on what he called ‘an historic deal’.

It will see the region become the first outside of the north of England to sign up to a devolution deal with an elected Mayor.

Speaking at an event in Coventry, Mr Osborne said: “We want to make the Midlands Britain’s engine for growth and this deal will give the region the powerful levers it needs to make that happen.

Asset finance solution to lack of funding in high-value manufacturing

Asset finance solution to lack of funding in high-value manufacturing

The Finance & Leasing Association (FLA) and the Manufacturing Technologies Association (MTA) are today releasing a joint report calling on the Government to help improve the future financing of high-value manufacturing by increasing the use of asset finance (leasing and hire purchase) through the Regional Growth Fund (RGF).