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Friday Brief

Good morning and welcome to this week’s special edition of the Friday Brief on a Thursday.

We are pleased to announce that Lloyds Bank Commercial Banking is to be, once again, the headline sponsor of the MACH Exhibition. This is the fourth time Lloyds Bank has sponsored MACH, further strengthening the long term relationship between the bank and the MTA.

The Spring Economic Update of the MTA Forecast for the UK Machine Tool and Cutting Tool markets will soon be available and we will be holding an Economic Update briefing on Thursday 27th April. The morning briefing will be held at MTA Member, GF Machining in Coventry.

One week after the Levy was introduced, the Education and Skills Funding Agency has paused the decision over funding allocations for apprenticeship provision for non-levy-paying employers, to allow time for a careful review. See within the Brief for more details.

Moulding Expo is a trade fair which was jointly developed with the industry and offers a number of innovative companies an opportunity to market their products, establish new networks and gain a foothold on new markets. The MTA will have a stand at the event to support our exhibiting Members, if you would like more details please contact James Fudge at jfudge@mta.org.uk or see the story below.

HRH The Duke of York visited the Sheffield City Region on Monday 10 April 2017 to open the University of Sheffield’s Factory 2050 at the Advanced Manufacturing Research Centre (AMRC). See below for more details.

The National Apprenticeship Awards 2017 are open for entries to compete to be named ‘the best of the best’ on a regional and national level. Now in its fourteenth year, the search is on to find England’s top Apprenticeship employers and apprentices. Find how your company can get involved within the Brief.

Intellectual Property (IP) doesn’t just protect technology from competitors. It builds shareholder value and serves as a cost efficient tool to control risk. MTA associate members Mathys & Squire have written a feature for this week on how to use IP to build and protect your business. To discuss the best approach for protecting the IP in your manufacturing business contact Sean Leach, Partner at Mathys & Squire at saleach@mathys-squire.com.

We have released the Spring Update to the MTA forecasts for the UK machine tool and cutting tool market;  you can read a little more in the item below, which also includes the links to download the full document along with the Spring 2017 edition of the Global Machine Tool Forecast but, in summary, we not expect the UK machine tool market to grow by +7½% in 2017 and for the cutting tool market to be +3¼% higher than in 2016.  Members are also reminded that they can come and hear more of the background to the forecasts at our Economic Update meeting that is being held on 27th April.

Although the headlines on the UK manufacturing output data were modest at best, the underlying picture for most of the industries of interest to suppliers of manufacturing technology equipment remains strong and we are even seeing the recent slow but steady pick-up in the Machinery industry being confirmed as a trend rather than a couple of good months.  This industry is most exposed to the global economic environment and is best placed to benefit quickly from the exchange rate boost to UK exports that we have at the moment.  The European industrial data also showed a better result for capital goods than for total industrial production.

Lloyds Bank Return as MACH 2018 sponsors

The Manufacturing Technologies Association (MTA) has announced that Lloyds Bank Commercial Banking is to be, once again, the headline sponsor of the largest event of its kind in the UK – MACH 2018 – which brings together all the best innovation and technology for a wide range of manufacturing sectors under one roof.

This is the fourth time Lloyds Bank has sponsored MACH, further strengthening a long term relationship between the bank and the MTA, the organisers of the event. MACH takes place every two years and in 2016 attracted over 25,000 visitors.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

We will be preparing the report of the March edition of the MTA Business Survey immediately after the Easter holiday and we would encourage any members who have not yet responded to do so.  The on-line form at www.mta.org.uk/mta-business-survey-mar17 (you won’t need to login to access this form) is still open.  There are already some interesting results emerging this month, so it would be good to get as many responses as possible to confirm (or not) how wide-spread these trends are.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK Manufacturing Output, February 2017:  Data on manufacturing output published by the Office for National Statistics (ONS) showed a minimal reduction compared to January which attracted some negative headlines;  this is unfortunate as the more reliable 3-month moving trend was growth of +2.1%, with total manufacturing output in the 3 months to February running at +3.3% above the level of a year earlier.

MTA FORECAST UPDATE

MTA Logo
MTA FORECAST UPDATE

We have today released the Spring Update to our forecasts for the UK market for machine tools and cutting tools, as well as the Spring 2017 edition of the Global Machine Tool Forecast.  The UK document is being sent to those members who attended last Autumn’s seminar and it is available, along with the Global Machine Tool Forecast for all members to download from the MTA web-site at https://www.mta.org.uk/members-area/mta-forecast-documents (this is a strictly Members only service, so you will need your password to acc

Spring Economic Update - 27th April

MTA Logo
Spring Economic Update - 27th April

The Spring Economic Update of the MTA Forecast for the UK Machine Tool and Cutting Tool market will soon be available and we will be holding an Economic Update briefing on Thursday 27th April.

We will be holding the morning briefing at MTA Member, GF Machining in Coventry.

Andrew Goodwin, lead UK Economist at Oxford Economics, will give us their view of the macro-economic environment and MTA Statistician, Geoff Noon, will cover the industrial picture and our latest forecasts for the UK; there will also be an opportunity for discussion and questions.

Changes to the Apprenticeship Levy

Apprentices
Changes to the Apprenticeship Levy

One week after the Levy was introduced, the Education and Skills Funding Agency has paused the decision over funding allocations for apprenticeship provision for non-levy-paying employers, to allow time a careful review.

The Education and Skills Funding Agency revealed on Wednesday 12 April that the recent procurement process to provide apprenticeship training had been significantly oversubscribed, due to overwhelming interest from the training provider market in the apprenticeship reforms.

Using IP to build and protect your business

Using IP to build and protect your business

Intellectual Property (IP) doesn’t just protect technology from competitors. It builds shareholder value and serves as a cost efficient tool to control risk. That may be the commercial risk associated with being displaced by competitors, or the legal risk associated with becoming a target of litigation from other IP rights holders.

This control of commercial and legal risk is, in our view, one of the key objectives of IP strategy. In our latest article we explain how, and why, MTA members should build their IP position with this in mind.

HRH Duke of York opens the University of Sheffield’s Factory 2050

amrc
HRH Duke of York opens the University of Sheffield’s Factory 2050

Factory 2050 is a flagship new facility at the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC)

The facility is designed to help manufacturing companies test new production methods and quickly change product designs on an assembly line

The £43m development was part funded by the European Regional Development Fund and the Higher Education Funding Council for England

HRH The Duke of York visited the Sheffield City Region on Monday to open the University of Sheffield’s Factory 2050 at the Advanced Manufacturing Research Centre (AMRC).