At a Glance
- Tasks: Lead economic analysis for major government investments and support innovative programmes.
- Company: Join Innovate UK, the national agency driving research and innovation in the UK.
- Benefits: Remote work, competitive pay, and the chance to shape the future economy.
- Other info: Dynamic role with opportunities to influence government decisions and grow your career.
- Why this job: Make a real impact on the UK's economy through cutting-edge economic appraisal.
- 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. 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. Join Innovate UK, the national innovation agency, and play a pivotal role in shaping the UK's future economy.
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. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.
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 exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.
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 in Cheltenham employer: Resourcing Group
Innovate UK is an exceptional employer, offering a unique opportunity to contribute to the future of the UK's economy through impactful economic analysis. With a strong commitment to employee growth and a collaborative work culture, you will be part of a diverse team dedicated to innovation across various sectors. The remote working flexibility allows for a balanced work-life integration while engaging with key stakeholders in government and industry.
StudySmarter Expert Advice🤫
We think this is how you could land Economic Appraisal Specialist in Cheltenham
✨Tip Number 1
Network like a pro! Reach out to professionals in the economic appraisal field on LinkedIn or at industry events. Building connections can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your economic modelling skills. Be ready to discuss your experience with cost-benefit analysis and how you've applied it in real-world scenarios. We want you to 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 during interviews, which is key for this role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Economic Appraisal Specialist in Cheltenham
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience with economic appraisals and Green Book standards. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Communication Skills:As an Economic Appraisal Specialist, you'll need to communicate complex ideas clearly. Use your application to demonstrate your ability to convey economic insights in a straightforward way. Think about including examples where you've successfully engaged with stakeholders.
Highlight Your Project Management Experience:This role involves managing multiple projects under tight deadlines. Be sure to mention any relevant experience you have in juggling complex tasks and delivering results on time. We love seeing candidates who can keep things organised and efficient!
Apply Through Our Website:We encourage you to submit your application through our website for the best chance of being noticed. It’s super easy, and it helps us keep track of all applications. Plus, you’ll be one step closer to joining our innovative team!
How to prepare for a job interview at Resourcing Group
✨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 will demonstrate your communication skills.
✨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 from external reviewers, as this will highlight your engagement skills.
✨Familiarise with UKRI Frameworks
Do your homework on UKRI's appraisal frameworks and any emerging approaches in innovation-focused economic appraisal. Being knowledgeable about their processes will not only impress your interviewers but also show your genuine interest in the role.
