ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

Businesses in all industries are preparing for the possibility of a no-deal Brexit, as politicians continue to argue over the best way to leave the EU.

One sector that’s been make particular provisions is aerospace and defence, with the Guardian recently outlining exactly what companies in this area have been doing to prepare.

The news provider pointed out that a no-deal Brexit will add millions of pounds in costs to many firms, and as a result mitigating these is a top priority.

In June last year, for instance, Airbus revealed it would need to stockpile €1 billion-worth of parts, as well as stating that any delays caused to production as a result of a no-deal Brexit could run to €1 billion per week.

Rolls Royce, Bombardier Aerospace and Meggitt have all also announced that they are building up a stockpile of parts and/or raw materials to help prevent supply issues should the UK exit without a deal.

A number of firms in the UK have also applied to switch their regulatory approval to the EU, to help protect them in the event of a no-deal Brexit.

Those operating in defence, rather than commercial aerospace, appear to be better insulated from Brexit-related shocks, the newspaper noted, because many sell parts that fall outside of tariffs.

Earlier this month, Airbus UK vice CEO Katherine Bennett told the Andrew Marr show that a no-deal Brexit would be “absolutely catastrophic” for the firm which employs 14,000 people in the UK.

The New European reported on her comments, where she also said that the company would have to make “difficult decisions” if the UK walks away from the EU with no deal in place.

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There could be a new medical technology centre in Nottingham if plans are given the go ahead.

Earlier this week, Nottingham Trent University (NTU) submitted proposals for a new £8 million scheme on the Boots Enterprise Zone, as part of its Medical Technologies Innovation Facility (MTIF).

This will help medical product developments advance, bringing new technologies to market at a much faster rate, and improving patient care across the UK.

Professor Edward Peck, the university’s vice-chancellor, said: “Medical technology is one of the real strengths of the local economy, one of the real strengths of Nottingham Trent University, and a major priority for the Midlands Engine, so this is both a timely and exciting development.”

Broxtowe Borough Council has to approve the proposals before work can go ahead, but building could begin as early as this summer if the plans are approved, with the facility expected to open a year later.

The site will offer more laboratories, as well as technologies and expertise for processing, developing prototypes and getting products ready for manufacturing.

The MTIF project has already been provided with a £9.7 million investment from the D2N2 Local Enterprise Partnership, as part of the Local Growth Fund, with the intention being that the site will encourage networking and support between organisations and their researchers.

The region could become an influential centre of healthcare developments, as medical technology companies in the East Midlands have recently been told they are eligible to apply for finance.

Medical Technology Trial (MTT) grants are available to businesses in Nottinghamshire and Derbyshire as part of Medilink East Midlands, Medical Plastics News revealed recently.

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There could be advancement in medical technology companies in the East Midlands, after it was revealed they are eligible to apply for some finance towards their clinical evaluation costs.

Medilink East Midlands is offering Medical Technology Trial (MTT) grants to businesses in Nottinghamshire and Derbyshire that have to test their products or services in a clinical setting, reported Medical Plastics News.

These will be delivered by the Inspiring Networking To Stimulate Technology Innovation in Life Sciences (INSTILS) project, which is part funded by the European Regional Development Fund (ERDF). This offers free support to life science companies in the East Midlands.

The East Midlands Academic Health Science Network (EMAHSN) is also helping to finance the initiative, while The University of Nottingham and Nottingham University Hospitals NHS Trust are helping to deliver the project too.

Chief executive of Medilink East Midlands Darren Clark stated gathering evidence is “paramount” for medical technology businesses that want to sell their products and services to the healthcare industry.

“By making this support available, we’re helping companies to overcome obstacles on the road to getting their products and services out to as wide a market as possible,” Mr Clark said.

Businesses in the region that initiate within the INSTILS programme will be offered help and advice from life science specialists, the NHS, and universities. They will also receive finance for clinical evaluations, as well as money towards developments and networking events to help get their products on to the market.

It is important medical technology is given the investment it needs to continue to develop, as it offers many benefits to patients. These include virtual appointments, machines that provide analysis to help specialists understand medical problems, and better sharing of patient records among healthcare professionals.

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