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Sponsors Alliance (who represent 40 trade associations promoting overseas trade) have lobbied Government to assist more companies to expand their worldwide operations.
The new simplified criteria is that a company is an SME, wishes to grow their exports beyond the EU or in up to six markets, and have not yet already received more than six grants.
This brings into line Government Policy on assisting to increase UK exports for both new and experienced exporters.
Our Spring Update presentation this year will be held on Tuesday 30th April at the premises of Fanuc UK in Coventry. As in the past couple of years, Andy Goodwin from Oxford Economics will give an overview of the economic situation, including, of course, some estimates of the impact of Brexit - whatever that might be!
Many members will remember the tour de force performance Professor Anand Menon gave at the MTA AGM in December, explaining the politics and economics of Brexit in a clear, comprehensible and well informed way. Several members have asked for an opportunity to hear his take on how the negotiations have progressed since then. We have news of just that. Prof Menon will be talking to the All Party Manufacturing Group, of which MTA is a member, in Parliament on the 3rd April 4:00-6:00pm.
UK Manufacturing Output, January 2019: The Office for National Statistics (ONS) showed total manufacturing output grew by +0.8% in January, but our preferred measure using the 3-month rolling trend has output in the latest period (November and December 2018 and January 2019) falling by -0.6% compared to the previous period (August, September and October 2018) and by -1.5% compared to a year earlier (November and December 2017 and January 2018).
The February edition of the MTA Business Survey will be closing on Monday, so there is just time to get your return back to us if you have not done so already (thank you to those who have replied). The on-line form at www.mta.org.uk/mta-business-survey-feb19 remains open - we look forward to hearing from you.
The MTA are pleased to advise that the Department for International Trade (DIT) has confirmed funding for engineering overseas shows for 2019/2020. All eligible UK companies will receive from £1,500 - £2,500 towards eligible costs under the Tradeshow Access Programme (TAP), depending on the location of the event. The full list can be found on: https://lnkd.in/e_Xf9My
The Technology, Design and Innovation (TDI) Challenge is back for 2019. The Manufacturing Technologies Association’s (MTA) flagship school’s competition is now open for entries.
The national competition encourages students to submit their existing coursework projects, which would go towards either their GCSE, A-Level or BTEC qualifications.
With thanks to those who have already responded, a quick reminder to MTA members that the February edition of the MTA Business Survey is still open at www.mta.org.uk/mta-business-survey-feb19 - we would encourage all members to take a couple of minutes to let us have your input so we can get as complete a picture of the business situation as possible.
The MTA Business Survey for February has just been launched. We aim to maximise the response so that we can get a good overview of the business situation in our sector in these uncertain times. The on-line form available at www.mta.org.uk/mta-business-survey-feb19 and we look forward to receiving your responses.
PMI, UK and Euro-zone, February 2019: The Purchasing Managers Index (PMI) for the UK manufacturing sector published this morning showed a small fall from the January number but, with a reading of 52.0 is still significantly above the crucial 50 level that marks the boundary between expansion (above 50) and contraction (below 50). Crucially, however, this is largely driven by the fastest ever recorded expansion in stocks of inputs as companies look to shield themselves from