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Friday Brief Archive

2021

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Friday Brief Intro 19/03/2021

Good morning and welcome to the Friday brief this week.

We start with a reminder of the Super-deduction news from the budget and the impact we hope it will have on MACH 2022. The announcement this tax relief will run through this year and next will be welcome news to those looking to specify and purchase equipment at the show in April 2022.

Sticking with exhibitions, we have news of a new show launching in May 2022 in Stuttgart. GrindingHub is being organised jointly by VDW (German Machine Tool Builders' Association), Frankfurt am Main, in cooperation with Messe Stuttgart and Swissmem (Association of the Swiss Mechanical, Electrical and Metal Industries). Find out more about this new biennial show in the story below.

MTA Associate Member, Accruent, are holding a free virtual roundtable on Operational Excellence: what it is and how you can achieve it, on 30th March at 1pm. The event will host a panel of manufacturing industry experts, including MTA President Andy Hodgson, and will focus on what creates this standard and how your organisation can use it to leapfrog the competition.

We also have details of an online event being run by DIT and SAE BRASIL focusing on opportunities in battery technology. If you like to find out more about the new technologies and materials being applied in this sector, check out the vent next Thursday.

In public affairs news this week, we have details of the new UK customs declarations, which have now been put back until 1st January 2022, and what you’ll need to put in place for this date. We’ve also got details of the governments new £171m Industrial Decarbonisation Challenge. Launched by the Business secretary Kwasi Kwarteng this fund will act as a blueprint to deliver the world’s first low-carbon industrial sector.

Similarly, a quick reminder to Members that the Brexit Support Fund opened for applications this week. Firms with up to 500 employees and £100 million turnover that do not trade outside the EU can apply for grants of £2,000 for training and professional advice. The grants are to learn about import and export customs procedures such as VAT and Rules of Origin.

On the topic of funding, we have the latest newsletter from Innovate UK which contains a link to the latest funding opportunities and the Industrial Strategy Challenge Fund (ISCF).

We lead the economic news this week with coverage of the first set of data for 2021 for both manufacturing output and GDP. Both fell in January with the trend for manufacturing driven by a phase of stock-building ahead of the end of the Brexit transition period which boosted activity in November and December and led to something of a pause in January. For the economy as a whole, the main driver was, of course, the latest period of lockdown which was implemented late in December 2020 and especially affects the consumer-contact elements of the service sector.

We also have the latest report from the Bank of England’s Agents which mostly confirms the trends for manufacturing output recorded by the ONS. It also suggests a small improvement in investment intentions, led by the manufacturing sector, although they remain modest by historical standards.

In the equivalent data for Europe, the monthly industrial output data showed a modest increase compared to December which highlights the impact of Brexit on the UK data as both had similar Covid-19 driven lockdowns. The European GDP data is only quarterly and the latest release has seen a small revision to the figures. We explore all of these stories in the economic news article below.

That’s all for this week. We’ll be back next Friday with more industry news, in the meantime, have a good weekend.

GrindingHub 2022, Stuttgart

GrindingHub 2022, Stuttgart

GrindingHub, the first edition of a new international exhibition and the centre for grinding technology, will be held from 17 to 20th May 2022 in Stuttgart. It is scheduled to be run every two years by the VDW (German Machine Tool Builders' Association), Frankfurt am Main, in cooperation with Messe Stuttgart and the "Machine Tools and Manufacturing Technology" industry sector of Swissmem (Association of the Swiss Mechanical, Electrical and Metal Industries) as a supporter.

Virtual Roundtable- Operational Excellence: What it is and how you can achieve it!

Virtual Roundtable- Operational Excellence: What it is and how you can achieve it!

MTA Members are invited to attend a virtual roundtable on Operational Excellence: what it is and how you can achieve it on 30th March at 1pm.

Given two organizations with the same strategy, the group that exhibits “operational excellence” will always have better results and ultimately create greater value for their customers and shareholders.

What is “operational excellence?”

Hear from our panel of manufacturing industry experts, who will discuss exactly what creates this standard and how your organization can use it to leapfrog the competition.

UK Customs declarations put back until 2022

UK Customs declarations put back until 2022

The UK government will not now require UK Customs declarations for the vast majority of goods at the point of import until 1st January 2022. Traders importing goods between July 2021 and January 2022 will still be able to use the deferred declaration scheme, including submitting supplementary declarations, up to six months after the goods have been imported. Safety and Security Declarations will not be required until 1 January 2022.

SAE SMART TRACK – UK NETWORK

SAE SMART TRACK – UK NETWORK

Opportunities in Batteries: Local production, Trends and Road Map, Applications Brazil

Never in our history have we witnessed such strong portfolio change from combustion cars (ICE) to electric vehicles (EV) and, no matter what happens, batteries are always at the centre of discussions, due to their price, development, safety and levels of autonomy they can proportionate to vehicles.

ECONOMIC NEWS

ECONOMIC NEWS

UK Manufacturing Output, January 2021:  The latest output data from the Office for National Statistics (ONS) shows a fall in manufacturing output of -2.3% compared to December;  this is the first negative trend since the decline of -25% recorded in April 2020 as the initial lockdown took effect.  The month-on-month fall was driven by lower output in 9 of the 13 sub-sectors of manufacturing with, as we will see later, the transport equipment industries particularly weak.

£2,000 Brexit Support Fund grants open for applications

£2,000 Brexit Support Fund grants open for applications

A quick reminder to Members that the Brexit Support Fund opened for applications this week.  Firms with up to 500 employees and £100 million turnover that do not trade outside the EU can apply for grants of £2,000 for training and professional advice.  The grants are to learn about import and export customs procedures such as VAT and Rules of Origin.

The definition of who can provide training is extremely widely drawn, to include trading companies more familiar with the procedures.  However, details of the training and provider must be disclosed to HMRC.