At a Glance
- Tasks: Lead economic analysis for major government investments and support innovative programmes.
- Company: Join Innovate UK, the national innovation agency shaping the UK's future economy.
- Benefits: Remote work, competitive pay, and the chance to influence real-world change.
- Other info: Dynamic role with opportunities for career growth and collaboration across government networks.
- Why this job: Make a tangible impact on the UK's economy through cutting-edge research and innovation.
- Qualifications: Degree in Economics and experience with Green Book-compliant appraisals required.
The predicted salary is between 50000 - 60000 £ per year.
On behalf of Innovate UK, we are looking for an Economic Appraisal Specialist (Inside IR35) for a 12-18 months contract based Remotely/Home based. UK Research and Innovation (UKRI) is the national funding agency investing in science and research in the UK. UKRI invests £8 billion of taxpayers' money each year into research and innovation and the people who make it happen. They work across a huge range of fields - from biodiversity conservation to quantum computing, and from space telescopes to innovative health care. They give everyone the opportunity to contribute and to benefit, bringing together people and organisations nationally and globally to create, develop and deploy new ideas and technologies.
As an Economic Appraisal Specialist Consultant, you'll deliver high-impact economic analysis that informs major government investment decisions, supporting innovative programmes that drive growth and industry transformation. As an Economic Appraisal Specialist, your main responsibilities will be:
- Lead the development of economic cases for major business cases aligned to HM Treasury Green Book standards
- Build robust economic models (cost-benefit analysis, BCR, sensitivity & risk analysis)
- Partner with programme teams to translate evidence into clear, compelling value-for-money narratives
- Develop theories of change and logic models to underpin appraisal work
- Provide hands-on support through end-to-end business case development and approval processes (UKRI, DSIT, HMT)
- Respond to feedback from stakeholders and external reviewers to strengthen submissions
- Contribute to improving economic appraisal frameworks, tools, and best practice across the organisation
- Communicate complex economic insights to non-technical and senior audiences
- Build strong stakeholder relationships across government and innovation networks
Essential:
- Degree (or equivalent experience) with significant Economics content
- Proven experience delivering Green Book-compliant economic appraisals
- Strong background in economic modelling (CBA, BCR, options appraisal, sensitivity analysis)
- Experience producing business cases for government or equivalent bodies
- Ability to manage multiple complex projects to tight deadlines
- Excellent communication and stakeholder engagement skills
- Demonstrated ability to influence and build credibility with senior stakeholders
Desirable:
- Experience in R&D, innovation policy, or science/technology sectors
- Knowledge of DSIT, UKRI, or wider government appraisal frameworks
- Experience developing logic models / theories of change
- Familiarity with emerging approaches to innovation-focused economic appraisal
Please be aware that this role can only be worked within the UK and not Overseas.
Disability Confident
As a member of the Disability Confident Scheme, UKRI guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group. This scheme encourages candidates with a disability and/or neurodivergence to apply.
Armed Forces Covenant
UKRI guarantees to interview veterans or spouses/partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates/military spouses or partners, who meet all of the essential criteria, we will interview the best candidates from within that group.
In applying for this role, you acknowledge the following: 'this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different.'
Economic Appraisal Specialist employer: Public Sector Resourcing CWS
Innovate UK is an exceptional employer that champions innovation and research across diverse fields, offering a collaborative and inclusive work culture. With a commitment to employee growth, you will have the opportunity to contribute to impactful economic analysis that shapes the UK's future economy while enjoying the flexibility of remote work. Join us to be part of a forward-thinking organisation that values your expertise and fosters meaningful contributions to society.
Contact Details:
Public Sector Resourcing CWS Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Economic Appraisal Specialist
✨Tip Number 1
Network like a pro! Reach out to people in your field, especially those connected to Innovate UK. A friendly chat can open doors and give you insights that might just set you apart from the competition.
✨Tip Number 2
Prepare for interviews by brushing up on your economic modelling skills. Be ready to discuss how you've tackled complex projects and delivered Green Book-compliant appraisals. We want to see your expertise shine!
✨Tip Number 3
Showcase your communication skills! Practice explaining complex economic concepts in simple terms. This will help you connect with non-technical stakeholders and demonstrate your ability to influence decision-making.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Economic Appraisal Specialist
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Economic Appraisal Specialist role. Highlight your experience with Green Book-compliant economic appraisals and any relevant economic modelling skills. We want to see how your background aligns with what we're looking for!
Showcase Your Communication Skills:Since you'll be communicating complex economic insights to various audiences, it's crucial to demonstrate your communication prowess in your application. Use clear and concise language, and maybe even include examples of how you've successfully engaged with stakeholders in the past.
Highlight Relevant Experience:Don’t forget to emphasise your experience in producing business cases for government or similar bodies. If you’ve worked on projects that required managing multiple complex tasks under tight deadlines, make sure to mention those too. We love seeing candidates who can juggle responsibilities!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows us you're keen on joining the Innovate UK team!
How to prepare for a job interview at Public Sector Resourcing CWS
✨Know Your Economic Models
Brush up on your economic modelling skills, especially cost-benefit analysis and sensitivity analysis. Be ready to discuss how you've applied these models in past projects, as this will show your practical experience and understanding of the Green Book standards.
✨Craft Compelling Narratives
Prepare to explain how you translate complex economic insights into clear, compelling value-for-money narratives. Think of examples where you've successfully communicated these insights to non-technical audiences, as this is crucial for the role.
✨Engage with Stakeholders
Showcase your ability to build strong relationships with stakeholders. Have a few anecdotes ready about how you've influenced senior stakeholders or responded to feedback to strengthen submissions, as this demonstrates your engagement skills.
✨Familiarise with UKRI Frameworks
Do your homework on UKRI and its appraisal frameworks. Understanding their specific processes and tools will not only impress your interviewers but also help you articulate how you can contribute to improving their economic appraisal frameworks.
