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Friday Brief Archive

2019

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2018

Week 51

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Friday Brief

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

We are delighted to launch the 2018 edition of our flagship competition for D&T and engineering students, the Technology Design and Innovation (TDI) Challenge sponsored by Close Brothers. The annual competition for schools and colleges has grown in prominence over the past decade to become one of the leading schools’ competitions in the UK.

MACH 2018 will be much more than the technology on show, it is the place where the leading minds in UK advanced engineering come to share ideas that will help shape the future. The seminar programme for MACH 2018 is now live over at www.machexhibition.com/seminars . You can find full listings and timings as well as book your space.

At this year’s Annual Dinner we raised over £6000 for the Presidents charity for the coming year. President Geoff Bryant, chose to support Engineers Without Borders UK. The MTA will be supporting the work of the charity over the coming year, find out more about this partnership below.

National Apprenticeship Week is fast approaching.  As an intermediary partner of the National Apprenticeship Service, the MTA would like to encourage any members hosting or taking part in National Apprenticeship Week activities to add their information to the event map.

The latest economic data continues to show a reasonable performance for the UK economy as a whole, but one that could (and perhaps should) be rather better in the context of a strong European economy.  We see this in the PMI data, where the UK reading of 55.2 is perfectly respectable, but below that for the Euro-zone (58.6); we see it in the GDP data, where growth of +1.7% for the UK economy is OK, but has slipped to its slowest since 2011/12, while growth in Europe and the USA is accelerating;  and we see it in the overall investment data for the UK which is broadly flat.  The latest CBI trends survey continues to highlight how well manufacturing is doing within the UK economy, with some key customer industries highlighted as the leading performers.  Finally this week, we also have news of the latest edition of the CECIMO Economic & Statistics Toolbox and the March report for the BEAMA Contract Price Adjustment Service which MTA subscribes to on behalf of its members - if this is of interest to you, please contact Geoff Noon (e-mail:  gnoon@mta.org.uk) for more information.

BSI would like to inform MTA members of the development of PAS 280 on Through-life engineering services (TES). A PAS is a sponsored, fast-track, informal standard that is developed through a consensus-building process facilitated by BSI Standards Limited. See the story below for more details.

London Tech Week runs between the 11-17 of June and will see a host of events highlighting the strengths of tech businesses across the capital. This year there promises to be a lot for manufacturers to get involved in with hot topics like cybersecurity and AR/VR at the heart of the programme. Find out more within the Brief.

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.

TDI Challenge 2018 – Entries Now Open

The Manufacturing Technologies Association (MTA) is delighted to launch the 2018 edition of their flagship competition for D&T and engineering students, the Technology Design and Innovation (TDI) Challenge sponsored by Close Brothers.

The annual competition for schools and colleges has grown in prominence over the past decade to becoming one of the leading extracurricular school’s competitions in the UK.

MTA Supports Charity Partner Engineers Without Borders UK

The Manufacturing Technologies Association Annual Dinner took place on Thursday 8 February 2018. While the evening was a celebration of the UK advanced engineering sector, the event also had a charitable side.

The dinner saw the announcement of the Presidents charity for the coming year. President Geoff Bryant, chose to support Engineers Without Borders UK for 2018.

At the dinner an auction was held which raised over £6000 to help support the work of the charity.

2018 SET TO BE THE YEAR LONDON PRODUCES ITS FIRST $10BN TECH COMPANY

2018 SET TO BE THE YEAR LONDON PRODUCES ITS FIRST $10BN TECH COMPANY

76 per cent of the international tech and business community believe London can create its first tech company with a $10bn valuation in 2018, according to new research released today from London Tech Week and TechXLR8.

350 technology and business leaders involved with Europe’s largest tech festival were asked about the investment, growth opportunities and challenges facing fast-growth businesses in the capital.

PAS 280, Through-life engineering services (TES) – Framework for business implementation – Guide

PAS 280, Through-life engineering services (TES) – Framework for business implementation – Guide

BSI would like to inform you and your organization of the development of PAS 280 on Through-life engineering services (TES).

A PAS is a sponsored, fast-track informal standard that is developed through a consensus-building process facilitated by BSI Standards Limited. A PAS should not be regarded as a BS, EN or ISO standard.

The development of PAS 280 has been sponsored by Innovate UK, with technical leadership from Cranfield and the MoD.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The MTA Business Survey for February has been launched and I hope that as many MTA members as possible will participate.  This provides important data about the manufacturing technology sector to place alongside other, more wide-ranging figures, so it is important that we get a true reflection of the trends in our sector.  You can access the on-line form at www.mta.org.uk/mta-business-survey-feb18 - we look forward to hearing from you.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, February 2018:  The UK manufacturing sector Purchasing Managers Index (PMI) edged down again, but only very marginally, to stand at 55.2 (from 55.3 in January).  Despite the inevitable negative headlines, this is still a strong number which implies significant expansion in activity in the sector.  IHS Markit, who compile the data, note that output grew at its slowest pace for 11 months and that this was spread across all the sub-sectors, but new orders accelerated compared to January, mainly from domestic customers.