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 future economy.
- Benefits: Remote work, competitive pay, and the chance to influence real-world change.
- Other info: Dynamic role with opportunities for growth and collaboration across government networks.
- Why this job: Make a tangible 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. 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. 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.
Economic Appraisal Specialist in Sheffield employer: Resourcing Group
Innovate UK is an exceptional employer, offering a unique opportunity to contribute to the UK's future economy through impactful economic analysis and innovative programmes. With a strong commitment to employee growth, a collaborative work culture, and a focus on diversity and inclusion, including support for candidates with disabilities and veterans, Innovate UK fosters an environment where every team member can thrive while working remotely. Join us to be part of a dynamic team that values your expertise and empowers you to make a difference in the realm of research and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Economic Appraisal Specialist in Sheffield
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant webinars, and engage with professionals on LinkedIn. The more people you know, the better your chances of landing that Economic Appraisal Specialist role.
✨Tip Number 2
Prepare for interviews by brushing up on your economic modelling skills and understanding the Green Book standards. We want you to be ready to showcase your expertise and how it aligns with the needs of Innovate UK.
✨Tip Number 3
Don’t just wait for job postings! Keep an eye on our website and apply directly through us. This way, you can stay updated on new opportunities and show your enthusiasm for working with Innovate UK.
✨Tip Number 4
Practice communicating complex ideas simply. You’ll need to explain economic insights to non-technical audiences, so work on making your explanations clear and engaging. This will set you apart in interviews!
We think you need these skills to ace Economic Appraisal Specialist in Sheffield
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:Since you'll be communicating complex economic insights, it’s crucial to demonstrate your ability to convey information clearly. Use straightforward language in your application to show us you can engage with both technical and non-technical audiences.
Highlight Stakeholder Engagement:We’re looking for someone who can build strong relationships across various networks. Share examples of how you've successfully engaged with stakeholders in your previous roles, as this will set you apart from other candidates.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity with Innovate UK.
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 data into clear, compelling value-for-money narratives. Think of examples where you've successfully communicated 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 approach to innovation-focused economic appraisal will give you an edge and show your genuine interest in the organisation's mission.
