Ploughshare Innovations, the technology commercialisation arm of the Defence Science and Technology Laboratory (Dstl), is pleased to announce an increasing number of growth and economic benefits it has provided to the UK economy, including the creation of hundreds of jobs and multi-million pound export deals.

The latest report, commissioned by Ploughshare and conducted by independent economics consultancy SQW, shows an increase in the benefits Ploughshare has delivered since the previously published report in 2015.

The economic impacts include:

• The creation of a maximum of 585 jobs, an increase of 85
• An increase of 70% in exports from £44 million to £75 million
• £118 million Gross Value Added (GVA), a measure of goods and services produced, increased by £53 million
• Spin-out companies have attracted £140 million investment, an increase of £10 million

In addition to quantitative contributions, Ploughshare’s activities have also provided wider qualitative benefits to both industry and society.

The commercialisation of technologies has contributed to the development of new products for the Ministry of Defence (MOD), including advanced vehicle armour, electronic warfare software, and bio and chemical threat detection. In addition to improving UK capability, this also supports UK supply chains. For example, 85% of the suppliers for the vehicle armour product worldwide are UK-based. Beyond defence, notable applications include portable diagnostic devices to detect viruses, which were trialled in Sierra Leone to support those affected by Ebola.

James Kirby, CEO of Ploughshare Innovations commented:

This latest report again demonstrates the success that Ploughshare has become. By commercialising the best Intellectual Property (IP) created at Dstl we maximise their investment in technology research and provide wider benefits to both humanity and the UK’s prosperity and security.

Graham Farnsworth, Head of IP Group at Dstl added:

Our collaboration with Ploughshare is providing amazing opportunities to develop our technology for wider applications. It also provides our scientists with personal and professional benefits by being involved in the commercialisation process which in turn has a positive impact on the whole IP creation process.

The Competition and Markets Authority (CMA) raised concerns over the award of the franchise to FirstGroup and MTR because FirstGroup already operates the Great Western franchise, the only other train service between London and Exeter.

The companies were given the opportunity to avoid an in-depth (‘phase 2’) investigation by offering proposals (known as ‘undertakings in lieu of reference’) to the CMA to address the concerns identified. The companies have now offered to cap unregulated fares between London and Exeter on both South Western and GWR services by linking these to prices on a number of other comparable routes where competition remains.

They have also proposed to maintain the availability of cheaper advance fares on both services – again by comparing with similar routes where competition remains.

The CMA has decided that there are reasonable grounds for believing these proposals, or a modified version of them, might be acceptable to remedy the competition concerns it has identified by protecting passengers using both London–Exeter rail services.

As part of its process, the CMA is now undertaking a public consultation on the proposals. The deadline for responses is 8 August 2017.

Details on this consultation will be found on the case page along with full text of the decisions, all other information about the investigation and how to submit a response. The CMA has until 20 September 2017 to consider whether to accept the undertakings, although it may decide to extend this deadline to 15 November 2017 if it decides that there are special reasons for doing so.

The CMA’s consultation on the proposals comes in advance of the start of the franchise, due on 20 August 2017.

The Department for International Trade (DIT) is organising a high profile GREAT Festival in Hong Kong in Spring 2018. The spectacular 4-day festival will promote and increase the UK’s trading relationship with Asia.

The aim is to use the festival to build new and long lasting partnerships with UK and Asian businesses, all focused around the theme of innovation.

The festival will bring together the best and brightest innovators to foster new partnerships.

Companies participating will access talent and thought leaders in areas such as infrastructure and finance, technology, innovation, healthcare, education and consumer goods to name a few. Sponsorship offers a truly unique platform for companies in these sectors to:

• gain significant commercial exposure through a strategically important international event held in a growing and well established international market
• showcase the very best ideas, products, expertise and services to an influential Asian audience through a major media and communications programme around the festival
• align with the UK‘s brand and values through the world recognised GREAT Campaign
• promote products and services to Asian consumers online via DIT’s e-exporting programme
• participate in thought leadership debates and meet the world’s leading innovators in one place
• work in partnership with DIT to create and distribute digital content and amplify audience reach across Asia
• meet and discuss important issues with the government representatives taking part in the festival
• showcase your innovation to the influencer audience across Asia

All our sponsorship and partnership opportunities can be tailored to help individual businesses exploit the platform that the GREAT Festival provides.

Partnership packages at GREAT Festival of Innovation, Hong Kong

Bespoke partner rights packages for businesses can be developed – providing either direct financial support or value in kind support in the form of a free product or service. Expressions of interest for value in kind support are sought for:

• creative services and production
• business support services
• AV equipment and support
• marketing, PR and media and communication services
• catering and beverage products

Any company wanting to register an expression of interest, in either cash or value in kind sponsorship, should contact Steven Anderson, Head of Sponsorship and Partnerships, Department for International Trade.

Hong Kong and the GREAT Festivals

Hong Kong and Asia is a hugely important market for British companies.

UK exports to Hong Kong alone are worth over £8 billion and with over 600 British companies established in market, it remains a significant market in which to grow your business. It is widely regarded as one of the most dynamic trading markets in the region. As one of the world’s largest trading economies, it remains a hugely important market for British business looking to do business in Asia.

This is the third GREAT Festival following highly successful ‘GREAT Festivals of Creativity’ in Istanbul in 2014 and Shanghai in 2015. Watch highlights of the Shanghai GREAT Festival.

Shanghai GREAT Festival.