Industrial Development Advisory Board, Member
|Body:||Department for Business, Energy and Industrial Strategy|
|Appointing Department:||Department of Business, Energy and Industrial Strategy|
|Sectors:||Business, Finance & Skills, Science & Technology|
|Location:||London, or virtual for the foreseeable future|
|Skills required:||Major Projects, Transformation|
|Number of Vacancies:||1|
|Time Requirements:||Board members commit approximately two days per month to reading papers and attending IDAB meetings.|
Closed for Applications
Final Interview Date
Deputy Director, Economic Shocks, Business Intelligence and Sponsorship • Departmental Official
Chair, Industrial Development Advisory Board • Representative of Organisation
The Industrial Development Advisory Board (IDAB) advises Ministers on applications from companies proposing to start capital investment projects in the Assisted Areas in England and who have applied for regional selective assistance under the Grant for Business Investment scheme or the Regional Growth Fund. The Board also reviews funding over £5m that is using Section 7 or 8 of the Industrial Development Act (IDA).
As a member of the Industrial Development Advisory Board (IDAB), you will have a statutory role of advising Government Ministers on whether financial support should be provided to UK businesses.
Board Members have both statutory and non-statutory responsibilities. Their role is to bring independent oversight, support and constructive challenge to proposals on financial support for industry. The Board advises the Secretary of State for BEIS on large business/ industrial investment and intervention decisions being considered by the Government (specifically under sections 7 & 8 of the Industrial Development Act 1982).
Government departments may also wish to use the skills and expertise of IDAB Members and the independent review role the Board provides. In this instance, the Board Member may be asked to provide commercial and financial advice to large commercial projects that fall outside IDAB’s statutory remit (e.g. launch investment cases) where the Department considers that the Member’s expertise would enable the project to improve its decision making. For this reason, we are seeking Members with an appreciation of the Government’s strategic intent and programmes, including economic recovery, green growth, net zero and levelling up, specific sector deals and the Digital Strategy.
It is essential that candidates demonstrate:
- A strong record of success in chosen field;
- Working knowledge of corporate and investment finance;
- Ability to analyse complex situations and draw reasonable conclusions;
- Experience of working on a Board, in the public or private sector;
- Collaborative mindset and ability to work as part of a team to achieve objectives.
It is desirable that candidates demonstrate:
- Knowledge and experience of working on regeneration, property development, or construction projects, particularly in relation to transformational change and service improvements;
- Experience in the finance industry.
How to Apply
Your application is submitted in two parts.
Both parts must be submitted by 23:00 on 31 October 2021 in order for your application to be considered complete. Applications which are incomplete or received after this date will not be considered.
Part one: CV and Statement of Suitability
- One document combining a two-page statement of suitability and two-page CV (no more than four sides of A4 in total). The key to a good application is to give the reader specific information about how you meet the criteria for appointment. Think about your knowledge, skills, experience and personal attributes, and take full advantage of the space available. Provide practical evidence that best demonstrates how you meet the essential criteria.
- Send to Joshua Sweet at firstname.lastname@example.org with ‘IDAB, Member’ in the subject heading.
Part two: Diversity Monitoring and Conflict of Interest Form.
- Complete a diversity monitoring and conflict of interest form via the following link.
|IDAB Member - Candidate Pack|
This post is NOT regulated by The Commissioner for Public Appointments.