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Newsletter Listing intro for week 48

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

Wednesday saw the Chancellor deliver a comprehensive spending review. The headlines were U-turns over tax credit and cuts to the police budget but there was plenty for business to chew over too. You can read Paul O’Donnell’s summary below.

The MACH 2016 visitor registration page is now live on www.machexhibition.com , so it is time to start targeting your customer base and directing them towards the MACH 2016 website to register. More details on the benefits of early registration can be found in the story below.

We’d like to say a big congratulations to MTA members Joseph Rhodes won silver at this year’s EEF/Aldermore Future Manufacturing Awards and to Ecotile and Mollart Engineering who were both nominated for awards at last nights The TMMX Awards at the ICC in Birmingham.

Two new manufacturing research hubs, designed to tackle some of the long-term challenges facing industry, are being established with £20m funding from the EPSRC. The hubs, which will be based at Southampton and Brunel Universities, will also be backed by an additional £58m from industry.

The AMRC has become one of 11 European partners that have formed an alliance to collaborate on a new project, Twin-Control. The project aims to design a new concept for machine tool and machining process simulation, find out more details on this exciting project within the Brief.

Staying with the Catapult centres a brand new state-of-the-art training centre, set to create a new generation of engineers and narrow the UK’s manufacturing skills-gap, has been formally opened by the Business Secretary, Sajid Javid.

The MTC’s Lloyds Bank Advanced Manufacturing Training Centre, located on the campus of the Manufacturing Technology Centre (MTC) at Ansty Park, Coventry, has been designed to provide premium training for the next generation of engineers and technicians.

The latest data on the UK economy from the Office for National Statistics (ONS) showed no changes to the first estimates issued last month, with the UK economy growing by +0.5% quarter-on-quarter and by +2.3% compared to a year ago.  The ONS also released the preliminary figures for business investment which showed that the recent growth trend is continuing as it was up by +2.2% on the quarter and was +6.6% higher than a year ago; we have to wait until next month for the detailed industry level data, but figures for spending by type of asset suggest that investment in plant & machinery is sharing in this positive trend.

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 GDP, 3rd Quarter 2015:  The Office for National Statistics (ONS) has published its 2nd estimate of UK GDP which has left the preliminary estimates released last month unchanged; the UK economy is, therefore, estimated to have grown by +0.5% compared to the previous quarter and by +2.3% on the level of a year ago.

MTC Opens New Manufacturing Training Centre in Partnership with Lloyds Bank to tackle the Skills Gap

MTC Opens New Manufacturing Training Centre in Partnership with Lloyds Bank to tackle the Skills Gap

Business Secretary, Sajid Javid MP, formally opens flagship centre to inspire and train next generation of engineers

•Lloyds Bank £5m contribution will support over 1,000 trainees providing the vital skills needed for UK economy

•State-of-the-art facilities will future-proof the UK manufacturing sector

A brand new state-of-the-art training centre, set to create a new generation of engineers and narrow the UK’s manufacturing skills-gap, has been formally opened by the Business Secretary, Sajid Javid.

Machine tool simulation will be reinvented by means of the European project Twin-Control

Machine tool simulation will be reinvented by means of the European project Twin-Control

In October the AMRC became one of 11 European partners that formed an alliance to collaborate on a new project, Twin-Control. The project aims to design a new concept for machine tool and machining process simulation.

Manufacturing research Hubs aim to boost commercialisation of early stage research

Manufacturing research Hubs aim to boost commercialisation of early stage research

Two new manufacturing research hubs, designed to tackle some of the long-term challenges facing industry, are being established with £20m funding from the EPSRC.

The hubs, which will be based at Southampton and Brunel Universities, will also be backed by an additional £58m from industry.

Joseph Rhodes Limited takes silver at prestigious regional business awards

Joseph Rhodes Limited takes silver at prestigious regional business awards

MTA members Joseph Rhodes, a Wakefield-based manufacturer of capital equipment for special purpose applications, including aerospace and heavy ceramics, has won silver at this year’s EEF /Aldermore Future Manufacturing Awards.

Joseph Rhodes, which employs over 200 staff, was narrowly pipped to the post for the Partnerships with Education Award. Judges awarded it with silver in recognition of the strides the Company has made in finding exciting new ways to work with education providers to promote engineering and manufacturing careers.

Visitor Registration now Live on www.machexhibition.com

Visitor Registration now Live on www.machexhibition.com

With less than five months to go until the doors fling open to the UK’s premier manufacturing technologies event, the MACH 2016 visitor registration page is now live on www.machexhibition.com.

James Selka, MTA CEO said “I would encourage all exhibitors to start targeting their customer base and directing them towards the MACH 2016 website to register. The countdown to MACH 2016 starts here.”

Autumn 2015 CSR Article

Autumn 2015 CSR Article

A Comprehensive Spending Review is not a Budget, so Wednesday saw little by way of changes to taxation, rather it is a set of announcements about the medium to long term spending plans of the Government. In theory this should be the ‘nice’ side of the public accounts ledger but with the Government elected on a manifesto pledge to cut spending to eliminate the deficit, and even build a small surplus, the Chancellor has faced a tough few months of negotiations with his Cabinet colleagues.