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Friday Brief Archive

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Friday Brief Intro 12/02/21

Good morning and welcome to this week’s round up on industry news.

We start this week with Brexit updates from the government. Following a discussion with trade association the Engineering and Machinery Alliance (EAMA), of which the MTA is a member, we have news of those crossing customs borders with service vans. The article below also carries information related to VAT when carrying commercial goods from Great Britain to Northern Ireland.

BEIS and the HMRC have updated their guidance on a number of topics, including rules of origin, this week and are also hosting a series of live webinars on various key topics. Find out more in the article below.

And finally in Brexit news, the Commons Library has published a guide to temporary business travel provisions in the UK-EU Trade and Co-operation Agreement (TCA), which Members may find useful. Full details and a link to the report can be found in the article below.

For those in the Midland Engine region there are 2 webinars coming up in February from the Department for International Trade focusing on the automotive and advanced manufacturing sectors.

COVID news this week bring us details of two new schemes from BEIS for those employing young engineers and apprentices. This has details of the new Kickstarter programme which has information on job placements for young people and guidance for those current employing apprentices with regard to face-to-face training.

We were delighted to see so many people join us for our virtual round table discussion on funding options for Members this week, with discussions covering CBILS, BBILS and other government backed schemes. To find out more or view the webinar take a look at the story below.

The MTC have invited MTA members to join them for their Digital Demonstration Day as part of the SHARK project on 25th February. The project focuses on industrialised laser functional texturing. The webinar will demonstrate the technological developments achieved during the SHARK project, as well as the journey and achievements of the end-users in their pathway to industrialising laser functional texturing for their specific industry. Book your space below.

A reminder for those looking to book for EMO Milano this October that the early bird rate expires in 3 days time on Sunday so make sure you get your booking in now to secure your place.

The headlines this morning are dominated by the GDP data for 2020 which show the largest ever annual contraction of the economy at -9.9% (and only a smidgeon off being rounded up to -10.0%).  However, the 4th quarter did see some growth in the economy despite the various lockdown measures that were in place with the November restrictions in England having the largest effect.

More importantly for MTA members, manufacturing continued its slow recovery from the low points of the 2nd quarter with growth of +3.3% in the final period, although this was not enough to prevent output in the sector falling by the same amount as the economy at -9.9% (it is worth noting that this followed a contraction of the manufacturing sector in 2019 of -1.8%).  We take a look at the details of the manufacturing sector in this week’s economic news article.

A reminder also that the MTA Business Survey for January is open for your input at www.mta.org.uk/mta-business-survey-jan21 and we would encourage all members to participate in this important survey – it should only take a couple of minutes.

That’s all this week. We wish you all a pleasant weekend and we’ll be back next Friday.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The January edition of the MTA Business Survey will be closing early next week but there is still time to let us have your input by using the on-line form at www.mta.org.uk/mta-business-survey-jan21.

This survey provides a quick overview of the activity of the manufacturing technology sector and it only takes a couple of minutes to give us your input (and you don’t have to answer all of the questions if you don’t want to).  Please try to find a few moments to respond.

ECONOMIC NEWS

ECONOMIC NEWS

UK Manufacturing Output, December 2020:  Publication of the December figures by the Office for National Statistics (ONS) also brings us the data for both the 4th quarter and for 2020 as a whole.  The headlines show that manufacturing output grew by +0.3% in December and by +3.3% for the 4th quarter (compared to the previous quarter) but that output of the manufacturing sector as a whole contracted by -9.9% compared to 2019.

Last chance to get the ‘early bird’ discount for EMO Milano!

Last chance to get the ‘early bird’ discount for EMO Milano!

For those looking to attend EMO Milano as exhibitors from 4-9th October 2021 you only have a few days left to register.

The deadline for the early bird rate expires this Sunday (14th February).

Register your company to EMO Milano 2021 within February 14th, 2021 and you will benefit from the special ‘Early bird’ rate of €341/sq.m instead of €359/sq.m.

Register your space now at: https://emo-milano.com/en/the-exhibition/

Finance Round Table recording and further information available

Finance Round Table recording and further information available

Following our virtual round table earlier in the week, we wanted to remind members of the funding options available both in the current economic climate and beyond.

The MTA have created a dedicated page on their website which we intend to add further details to over the comings weeks. You can view this week’s round table on this page as well as links to key sites and contact details for speakers.

The view the video please visit: https://www.mta.org.uk/finance-support 

Service vans across customs borders

Service vans across customs borders

Both the MTA and the Engineering and Machinery Alliance (EAMA) have received several enquiries regarding engineers taking parts with them to Europe in service vans. The HMRC answer to this question can be found here, stating that a full Customs declaration is likely to required (unless the goods are below a £1,500 threshold)

https://community.hmrc.gov.uk/forums/customerforums/tp/7f4cd438-e055-eb11-8fed-00155d975291

Events on the EU Transition

Events on the EU Transition



As part of the Department for International Trade’s Exporting is Great webinar series, they are running two free sector specific webinars. The events are being run by the Midland Engine region and so will have a focus for companies in that area. These events taking place this month 1.5 hours each and will feature a number of speakers to answer any questions you may have.