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 economy.
- Benefits: Remote work, competitive pay, and the chance to influence real-world projects.
- Other info: Dynamic role with opportunities to engage with senior stakeholders and improve economic frameworks.
- Why this job: Make a tangible impact on the UK's future through 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.
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.
Economic Appraisal Specialist in Wakefield employer: Resourcing Group
Innovate UK is an exceptional employer that champions innovation and research, offering a dynamic work culture where your contributions directly impact the UK's economic landscape. With a commitment to employee growth, you will have access to diverse projects and opportunities to enhance your skills in economic appraisal while working remotely, ensuring a healthy work-life balance. Join a forward-thinking organisation that values inclusivity and supports professional development, making it an ideal place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Economic Appraisal Specialist in Wakefield
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who have experience with economic appraisals. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your economic modelling skills. Be ready to discuss how you've applied cost-benefit analysis and sensitivity analysis in past projects. We want to see you 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 and demonstrate your ability to influence.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Economic Appraisal Specialist in Wakefield
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 manner. Think about including examples where you've successfully engaged with stakeholders.
Highlight Your Project Management Experience:We’re looking for someone who can juggle multiple projects. In your application, mention any relevant experiences where you’ve managed tight deadlines and complex tasks. This will show us that you can handle the demands of the role.
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 ensure you’re considered for this exciting opportunity. We can’t wait to see what you bring to the table!
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 your communication skills made a difference in stakeholder engagement or influenced decision-making.
✨Showcase Your Stakeholder Skills
Highlight your ability to build strong relationships with stakeholders. Have specific examples ready that demonstrate how you've successfully collaborated with senior stakeholders or programme teams to achieve project goals.
✨Familiarise Yourself with UKRI Frameworks
Do your homework on UKRI's appraisal frameworks and any recent innovations in economic appraisal. Being knowledgeable about their processes will not only impress your interviewers but also show your genuine interest in the role and organisation.
