Good morning and welcome to this week’s Friday Brief.
The last Friday Brief of the month is already here! April 2021 has flown by with some great stories and this week we have a few more informative topics to update you on.
VAT IT have created this informative one-pager that highlights general post-Brexit trading problems and also problems specific to those in the manufacturing industry that may be experienced by you. Their scheme, re:TRADE, is designed to assist businesses in navigating these issues while at the same time improving their cash flow through Import VAT recovery.
On the theme of the world reopening again, Croner have an article on lockdown restrictions easing in Scotland and Wales for a number of businesses. Please view the pdf attached to the story below.
The Engineering and Machinery Alliance has given evidence to the House of Commons’ international trade committee for its inquiry into UK Export Finance, the trade credit agency based in HM Treasury which exists to support exporters.
HVM Catapult are working with the University of Stuttgart and the Fraunhofers in Germany to take a global survey of industrial energy efficiency and they need your help. For your chance to take part, and be entered in their prize draw, go to the story below.
We also have details on an Additive Manufacturing standard under review by BSI. The standard covers requirements for Additive manufacturing of metals and Non-destructive testing, evaluation. Be sure to comment if your business is involved with this.
Wednesday saw our Economic Update presentation for members at which we ran through the background to our new forecasts that were published a couple of weeks ago. This presentation covered the general macro-economic situation and the global industrial outlook before turning our attention to the updated forecasts for the UK market for machine tools and cutting tools. You can see a summary of this in the article below which also includes the link to download the presentation slides and the forecast documents, as well as a recording of the presentation.
This week also saw publication of the European Commission’s latest sentiment and confidence report which showed another strong increase which has taken the indictors above their long-run average for the first time since the current crisis began. We take a look at this in the article below and also cover the capacity utilisation data and investment outlook which were part of the same data release. The economic news article also explores the latest data from the US market and profitability of UK manufacturing companies, while the last item has details of the last round of payments from the Scottish Grants scheme before it was closed.
We’ll be back next Friday with more industry news. Have a good bank holiday weekend.