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Friday Brief

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

It has been a very busy week for the MTA with the press launch for the visitor campaign for MACH 2018 held yesterday. With just a few months to go before the doors open at the NEC in Birmingham, the team behind the exhibition are delighted to announce that visitor registration is now live. With the launch of visitor registration, it is also a great opportunity to let you all know about our smart badging system. This will provide every visitor with an interactive badge, allowing them to collect information from exhibitors in a quick and effective manner. Find out more below.

We, along with the University of Sheffield Advanced Manufacturing Research Centre (AMRC), also launched a unique feature to demonstrate cost effective adaption of Industry 4.0 Technologies at MACH 2018. More details on this exciting project below.

This week also saw the second Budget of the year from the Chancellor, the MTA’s Head of External Affairs Paul O’Donnell takes a closer look at the content, spoiler it is not a long article.

Women in Science and Engineering (WISE) and West Yorkshire Consortium of Collages (WYCC) are keen to hear the view of employers, stakeholders and trade bodies, so that we can better understand future skills needs and skills gap. This will help shape the design of a new training programmes for women in STEM subjects. They would like to invite MTA members to a workshop/STEM sector forum, Tuesday 28th November 2017 2:00pm to 4:00pm at the Bar and Kitchen, Printworks Campus, Leeds City College, Hunslet Road, Leeds, LS10 1JY. More details below.

The CECIMO General Assembly, which took place in Brussels on 22nd November, announced that CECIMO machine tool production is expected to register a 2% annual growth in 2017 and reach 24.4 billion euro, rebounding from the last year’s drop slightly below 24 billion.

Our partner, Croner, are hosting a free webinar on GDPR and you are invited to join. GDPR stands for the General Data Protection Regulation, it will replace the data protection act and comes into force on May 25th 2018 across the European Union.

Apart from the budget, the economic news this week has mostly been in structural data series - we report on the release of data from the Annual Business Survey which gives industry level data on issues such as value added and investment and the breakdown of R&D spending which shows that the Automotive industry is the 2nd largest spender on R&D, with Aerospace the 4th largest industry (Pharmaceuticals tops the list and computer programming and software development is 3rd).  The latest data from the ONS shows that profitability in the manufacturing sector remains at a high level - this serves only to make the investment data even more puzzling - although capital stocks in manufacturing are falling as a share of the total for the economy.  The latest data on manufacturing technology and cutting tools demand in the USA shows that growth in both areas continues at a modest pace through the first 3 quarters of 2017.

That’s all folks, until next week, have a great weekend.

Manufacturing Technologies Association Reacts to the Budget

Reacting to today’s budget James Selka, CEO of the Manufacturing Technologies Association said:

“We welcome the funding that is being made available for Research and Development in connection with the Industrial Strategy and look forward to the imminent White Paper. We also welcome the increase in the R&D Expenditure Credit for large companies from 11% to 12%. The current pace of technological change means that we have a once in a generation opportunity to re-industrialise the UK’s economy.

MTA and Factory 2050 at the AMRC partner for exciting Industry 4.0 feature for MACH 2018

The Manufacturing Technologies Association and the University of Sheffield Advanced Manufacturing Research Centre (AMRC), have partnered to put together a unique feature to demonstrate cost effective adaption of Industry 4.0 Technologies at MACH 2018.

MACH 2018 is the place to discover new technologies that shape the world we live in. The AMRC’s Factory 2050 is the UK’s first state of the art factory entirely dedicated to conducting collaborative research into digital assembly and flexible component manufacturing.

Autumn Budget 2017 Comment

Autumn Budget 2017 Comment

Wednesday saw the second Budget of the year with the Chancellor hoping for a better reaction that attended the first which unravelled as it became clear that he hadn’t factored in political reaction to raising National Insurance Contributions. That was before the snap election removed any scope for politically difficult decisions. In the new landscape of a minority Government, such bandwith as is available for controversy is reserved for Brexit (which will be taking up plenty) so a boring budget was the order of the Day.

CECIMO announces a positive economic outlook for 2017 and commits to the EU debate on artificial intelligence and machine learning

CECIMO announces a positive economic outlook for 2017 and commits to the EU debate on artificial intelligence and machine learning

The CECIMO General Assembly, which took place in Brussels on 22nd November, announced that CECIMO machine tool production is expected to register a 2% annual growth in 2017 and reach 24.4 billion euro, rebounding from the last year’s drop slightly below 24 billion. While the world production volume dropped by -2.4%, CECIMO based companies kept the sales downturn at -1.7% in 2016, coping better with the geopolitical distress and maintaining our global market share at a strong 35.6%.

Reach Higher - women in STEM skills programme - Tuesday 28th November 2017 2:00pm to 4:00pm -Leeds

Reach Higher - women in STEM skills programme - Tuesday 28th November 2017 2:00pm to 4:00pm -Leeds

West Yorkshire Consortium of Colleges (WYCC) has a couple of European Social Investment Fund (ESIF) funded projects that could provide some useful funding for skills development/training in the Leeds City Region. The Reach Higher project (£3.5 million investment) could provide an essential springboard to enable career progressions/transitions amongst those in employment. 

Free GDPR Webinar for MTA Members

Free GDPR Webinar for MTA Members

Our partner, Croner, are hosting a free webinar on GDPR and you are invited to join.

What is GDPR?

GDPR stands for the General Data Protection Regulation and comes into force on May 25th 2018 across the European Union. 

GDPR will replace the UK Data Protection Act and brings with it a strict set of new rules concerning privacy and data security, while imposing penalties on businesses which violate them. 

This webinar will provide you with some invaluable information delivered by Croner’s Legal Team

Date: Wednesday, November 29th, 2017

Times:

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

Annual Business Survey, 2016:  This dataset from the Office for National Statistics (ONS) gives us some structural information about the UK economy and, most importantly for us, data at an industry level.  The headline figure is that gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,201 billion in 2016, an increase of +3.9% compared to 2015.

The definition of aGVA is the income (turnover) of UK businesses, less the cost of goods and services consumed in the production processes (purchases).