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Friday Brief Archive

2020

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Friday Brief

Hello from the MTA Team;  as we come to the end of another week we have our usual round up of news and information for and about the manufacturing technology industry.

Despite being 3 weeks in to the new trading arrangements with the EU (or perhaps because of this) we are still discovering issues with the TCA that was concluded on Christmas Eve.  We have news this week of a series of 18 video explainers that the UK government has produced on various aspects of the new arrangements including rules of origin, tariffs and hiring staff from overseas.  There is also a new webinar from DIT that will, among other things, look at trading dual-use goods between the UK and the EU.

The DIT has also launched its Internationalisation fund to help SME’s to export and there are details of this below.  Another launch from government, this time from BEIS, is a consultation on the prompt payment code that is aiming to shift back to a standard 30-day period for UK businesses.

The economic news this week comes from the CBI Industrial Trends Survey which took a dip in December, especially for new orders, probably from a combination of the new lockdown and the short month, although there were also signs of pre-Brexit stock building which helped to sustain output.  The investment intentions data from this survey showed a weaking of the outlook for spending on plant & machinery.  We also cover the latest productivity data which is seeing some interesting trends being generated by the nature of the Covid-19 crisis.

Through MTA’s position as an affiliate of Make UK, our members can access their events and presentations and we have news this week of two of these that may be of interest - these cover business travel to the EU under the post-Brexit terms and keeping a safe working environment in manufacturing during the Covid-19 crisis.  We also have news of the latest in the NPL’s Manufacturing Measurement Network events.

Our colleagues at the MTC are helping to promote the new round of applications for the Queen’s Award for Enterprise and you can find out more about this below.  We have details of the latest work proposal from BSI which covers safety requirements for CNC systems and also information about how small companies can access the Business Growth Hub’s 3rd Made for Manufacturing programme.

Finally, we have news of some opportunities for UK companies;  one of these is in the form of a webinar being presented by the Indian State of Karnatka to provide a base for working in the Indian market and the other is a request from a small Italian machine tool manufacturer who is looking for a UK partner.

We hope that you have a good weekend and, until we return next Friday, stay safe.

BREXIT – 18 VIDEO EXPLAINERS

BREXIT – 18 VIDEO EXPLAINERS

The government has launched a series of new, on-demand video explainers on the new requirements for trading with the EU.  They cover 18 topics, including importing and exporting, Rules of Origin, trade, data, and audit & accounting.  To view the videos you have to register at https://www.workcast.com/register?cpak=1070296099921910 and we understand that there is a long (and somewhat unnecessary) introduction video which you have to watch before you can select the topic of interest.

DIT BREXIT WEBINAR

DIT BREXIT WEBINAR

The UK has left the EU customs union and single market.  There are new rules for businesses that came into force on 1st January 2021 which require immediate action.  Your business needs to act now to comply with these new rules. If you do not take action, there is a risk your business operations will be interrupted.

INTERNATIONALISATION FUND

INTERNATIONALISATION FUND

Match-funding for SMEs to boost exports

The Department for International Trade (DIT) has launched a £38 million Internationalisation Fund, through which 50% match funding is available to SMEs seeking to start exporting or increase their exports.  DIT is targeting firms with high export potential, typically turning over at least £500,000, although smaller firms can apply.  Applications are made through the DIT’s network of international trade advisors (ITAs).

PAYMENT CULTURE TO SHIFT BACK TO 30 DAYS?

PAYMENT CULTURE TO SHIFT BACK TO 30 DAYS?

The government is increasing pressure on large companies to revert back to paying smaller suppliers in 30 days, by making that the maximum under the Prompt Payment Code.  The change was announced this week and will apply to suppliers with fewer than 50 employees.

In addition, businesses owners, finance directors or CEOs will be required to take personal responsibility by signing the Code.  They will be acknowledging that suppliers can charge interest on late invoices under the Code and that breaches will be investigated.

BUSINESS GROWTH HUB’S 3rd MADE FOR MANUFACTURING PROGRAMME

BUSINESS GROWTH HUB’S 3rd MADE FOR MANUFACTURING PROGRAMME

Manufacturers in Greater Manchester are set to benefit from further support, following the return of a fully-funded programme to help businesses of all sizes increase productivity and get on the path to growth.  Applications are now open to manufacturers who are focused on improving efficiencies and growing their workforce.  This is the third wave of the programme, which has previously been oversubscribed.

QUEEN’S AWARDS FOR ENTERPRISE

QUEEN’S AWARDS FOR ENTERPRISE

The Lord’s Lieutenant’s Office has reached out to MTA member the Manufacturing Technology Centre (MTC) to help them identify potential applicants for a Queen’s Award.

The Queen’s Award for enterprise is the highest UK official business award.  It is awarded for outstanding achievement by UK businesses in the categories of:

OPPORTUNITIES IN INDIA

OPPORTUNITIES IN INDIA

We have received details of a webinar being held on Tuesday 2nd February outlining the opportunities for global machine tool companies in Karnataka.  This is a joint event between the Government of Karnataka and our colleagues at the Indian machine Tool Manufacturers Association (IMTMA)

DISTRIBUTION OPPORTUNITY

DISTRIBUTION OPPORTUNITY

A small Italian company that specializes in the design and manufacturing of deep drilling and milling machines is looking for a UK distributor for their product.  They are aimed mainly at the mould-making & hot-runners industries but, although this is the market where they have achieved the best results, they don’t disregard any other field of application.  You can find out more about the company from the presentation below or from their web-site at www.bcm92.com.

ECONOMIC NEWS

ECONOMIC NEWS

CBI Industrial Trends Survey, January 2021:  The latest results from the CBI Industrial Trends Survey (ITS) shows that manufacturing activity remains weak with output volumes in the 3 months to “January” flat and total new orders falling.  The data collection period for this survey ran from mid-December to mid-January, so the trends identified mainly cover the 4th quarter of 2020, with January being the month of publication.