Good morning and welcome to this week’s Friday Brief.
The final of this year’s national Technology, Design and Innovation (TDI) Challenge took place on Wednesday at Yamakazi Mazak’s headquarters in Worcester. Hundreds of students from across the UK submitted either their GCSE, A-Level or BTEC Design and Technology Course Work Projects to be judged by a panel of experts drawn from Industry. Find out about all the winners in the story below.
The MTA members Golf Day also took place this week also and we’d like to say congratulations the winning team, Star Micronics GB, who took home the trophy with a score of 82. For the full list of winners and runners up you can find all the information within the Brief.
Paul O’Donnell, the MTA’s Head of External Affairs represented the association at a meeting with Department for Business, Energy and Industrial Strategy to discuss Brexit, find out more in the story below.
AFME, The Boston Consulting Group (BCG) and Clifford Chance have today published a new report, “Bridging to Brexit: Insights from European SMEs, Corporates and Investors” examining the impact of Brexit on SMEs, corporates and investors, in particular, on their use of wholesale banking and capital markets services.
In April the first cohort of military veterans successfully completed their training and started work as part of the Amazon Web Services (AWS) re:Start programme (aws-restart.com). The Programme educates veterans in the latest software and cloud computing developments and then provides them with work experience placements. As a signatory to the Armed Forces Covenant the MTA would like to encourage members to consider taking part in the scheme by offering a placement to one of the newly qualified people. You can find out more details below.
Both the CBI Industrial Trends Survey and the Bank of England’s Agents’ Report point to growth continuing in the UK manufacturing sector although, especially in the former of these, there is some slightly mixed news with a suggestion that, while the aerospace and automotive industries remain strong, the recent improvement in mechanical engineering may have ended - we need to wait for the actual output data over the next few months to confirm this. The European Commission Economic Sentiment Indicator also showed a significant improvement in the alters reading. This week has also seen the Office for National Statistics publish the provisional PRODCOM data for 2016 which gives our first view of UK output at a detailed product level - it appears to show a fall in production of machine tools compared to 2015, but there have also been some unwelcome (and unannounced) classification changes, so we need to crunch through the numbers before announcing the figures.
That’s all for this week we’ll be back next Friday with more industry news, until then have a great weekend from everyone at the MTA.