Good afternoon and welcome to this week's Friday Brief. We hope you are all having a great summer so far!
Let’s begin with some exciting news! On Tuesday we have two new online webinars taking place. The MTA is holding a webinar on the new era for R&D tax relief - in partnership with ForrestBrown. They will reveal what’s changed, what you need to do and how you can use innovation funding to help secure your competitive advantage. Later on in the day The Engineering and Machinery Alliance invites you to attend a webinar: “Northern Ireland: Sending and servicing goods.” The event will have short presentations from the business department, BEIS, and from HMRC, followed by questions and answers and, as where possible, discussion. Check out the separate stories to find where to register today.
Get involved in Prodrive’s innovation initiative! The RAPID Challenge returns for 2021 and applications are now open. The focus on hardware start-ups remains and they have many new partners contributing to our biggest prize package yet worth £75K. Please go to the story to find out more.
Onward is a think-tank campaigning for “mainstream conservatism”, has called on the government to produce a national plan for manufacturing. Onward has strong links to the “levelling up taskforce” of 60 North of England Conservative MPs, which is supporting the latest report. These two reports highlight lobbying of government to increase support for manufacturing and engineering. Find the reports and the topics covered in the story below.
The government will abolish domestic legal restrictions in England on individuals relating to Covid but has urged people to follow many of the practices the law has hitherto required. The changes take effect from July 19th. Johnson and Javid spoke in the spirit of “learning to live with Covid”. Commentators have suggested that the government’s views have shifted not only with rising infections but surveys that have shown the public is cautious about a return to normal. Check out the story to view the key points announced.
As the impacts of Covid-19 continue to influence the business landscape, the CBI is working with EY to produce a report, providing detailed analysis into the SME financing landscape. Read more on the Future of SME Financing and the CBI/EY Project below.
Check out the new BSI Standards. We hope this will assist in increasing awareness of the Standards Development Portfolio. The latest Scope and Purpose can be found in this week’s story.
Our economic news article this week splits neatly into two sections; for the UK we cover the positive but disappointing GDP data for May and explore the intricacies of the manufacturing output figures where, while the machinery industry has output back above the pre-pandemic level, aerospace is stubbornly refusing to show any recovery and the automotive industry has been hit by the global shortage of electronic components. The other part of the article looks at the European industrial production data for May and has a brief summary of the latest forecasts from the European Commission.
Last week also saw the release of the UK car sales data for June which completed the first half of the year. We have compiled a separate article on this data and, in particular, we take a look at the latest growth in market share taken by “electric” vehicles of various types. Finally, a reminder that the MTA Business Survey for June is still open for your input at www.mta.org.uk/mta-business-survey-jun21
Thanks for reading this week’s Friday Brief! Enjoy the sunny weather and we’ll ‘see’ you for more news next week!