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 will 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 Preston employer: Resourcing Group
Innovate UK is an exceptional employer, offering a unique opportunity to contribute to the future of the UK economy through impactful economic analysis and innovative programmes. With a strong commitment to employee growth, a collaborative work culture, and the flexibility of remote working, you will be part of a dynamic team that values diverse perspectives and fosters professional development. Join us in shaping the landscape of research and innovation while enjoying the benefits of a supportive and inclusive workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Economic Appraisal Specialist in Preston
✨Tip Number 1
Network like a pro! Reach out to people in your field, especially those connected to UKRI or similar organisations. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your economic modelling skills and understanding the Green Book standards. We want you to shine when discussing how you can contribute to major government investment decisions.
✨Tip Number 3
Showcase your ability to communicate complex ideas simply. Practice explaining your past projects in a way that anyone could understand. This will help you connect with non-technical stakeholders during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate candidates who want to make a difference.
We think you need these skills to ace Economic Appraisal Specialist in Preston
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 technical information in a straightforward way. Think about examples where you've successfully engaged with non-technical audiences.
Highlight Stakeholder Engagement:Building strong relationships is key in this role. Share specific instances where you've influenced senior stakeholders or collaborated with teams to achieve a common goal. We love seeing how you can connect with others!
Apply Through Our Website:We encourage you to submit your application through our website for a smoother process. It’s the best way for us to receive your details and get you into our system quickly. Plus, it shows you're keen to join our 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 complex economic insights in a way that resonates with non-technical audiences. Think about examples where you've successfully communicated value-for-money narratives to stakeholders, as this will demonstrate your ability to influence and engage effectively.
✨Showcase Your Stakeholder Engagement Skills
Be ready to share specific instances where you've built strong relationships with senior stakeholders. Highlight how you’ve responded to feedback and strengthened submissions, as this will showcase your collaborative approach and adaptability.
✨Familiarise Yourself with UKRI Frameworks
Do your homework on UKRI's appraisal frameworks and any emerging approaches in innovation-focused economic appraisal. This knowledge will not only impress your interviewers but also show your genuine interest in the role and the organisation.
