After a period of intensive trialling the University of Portsmouth Enginuity 2025 Competition is underway, with a competitive field of teams all battling for supremacy against their peers.

And so to the action, and all the teams made excellent starts, with the early pacesetters after 41% growth being "BuildCore Company" with 1,414 pts, but they cannot rest on their laurels with the chasing pack close behind led by "Hive Builders" and "Crew 5 Constructions". However, it is early days, and there are sure to be plenty of twists ahead as the journey through the Early Years unfolds.

The early signs are that the competition will be very competitive, with all the teams improving their overall position in period 5. However, this was not unexpected. After being formed at the beginning of period 1, overhead costs were incurred whilst the companies were being established, without any profits being generated. The companies were now in a position to generate profits against a more stable overhead base, and this was reflected in improved operating profits. Of course, growth will be impossible without an effective strategy, and all the management teams have had time to think about this carefully, and come up with a set of objectives to deliver business success for their stakeholders.

2024 proved to be another turbulent year for the UK. Politically there was a change of government in July with the first Labour government since 2010, and Prime Minister Kier Starmer promising a 5-year plan of growth. In the economy growth figures were better than expected with GDP growth of around 1%, helped by the Cost Of Living crisis easing as inflation fell, and the Bank of England were able to cut the base rate from 5.25% to 4.75% between August and November, and the green shoots of recovery are expected to continue in 2025 with projected GDP growth of 1.6%, but continuing conflicts around the world add some uncertainty to these projections.

Further afield global real GDP grew by around 3.2 percent in 2024, and is expected to continue at this rate during 2025. India remains the strongest performer among major emerging economies, with robust growth driven by domestic reforms and foreign investment. However geopolitical factors, including changes in tariffs and industrial policies in the United States when President Trump takes office in January 2025 could alter global forecasts with the potential for trade wars, and continued conflict in the Middle East and Russia's war in Ukraine could trigger broader inflationary pressures.

League table at the end of period 5