Industrial Development Advisory Board, Members x 5

Body: Department for Business, Energy and Industrial Strategy
Appointing Department: Department of Business, Energy and Industrial Strategy
Sectors: Business, Finance & Skills, Science & Technology
Location: The roles are based in London, with quarterly meetings to take place in London, with all other meetings done virtually.
Skills required: Business / Commercial, Major Projects, Retail
Number of Vacancies: 5
Remuneration: Members are unpaid but will be reimbursed for reasonable travel and subsistence expenses. The role is not pensionable.   
Time Requirements: Members will need to commit approximately two days a month to read papers and attend meetings.

Campaign Timeline

  • Competition Launched

    26/08/2022

  • Closed for Applications

    10/10/2022 at 09:00

  • Panel Sift

    w/c 24/10/2022

  • Final Interview Date

    Mid-November 2022

  • Announcement

    Around December 2022/January 2023

 

Assessment Panel

Vacancy Description

The Industrial Development Advisory Board (IDAB) advises Ministers on new schemes offering financial support for industry and on applications of more than £5m from companies looking to make capital investments under existing schemes of support.

As a member of 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. As a Member of IDAB, 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.

Person Specification

For the role, you must demonstrate the following essential criteria:

  • 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:

  • Operational management experience or manufacturing experience;
  • Experience in the finance industry.

How to Apply

The closing date for applications is 9am on 10 October 2022. Late or incomplete applications will not be accepted.

To apply, please:

  • Complete the online application form by clicking here.
  • Submit your cover letter and CV to Joshua Sweet at publicappointments@beis.gov.uk with ‘URN 580’ in the subject heading.

Applicant packs can be provided in other formats upon request.

You should submit one document combining a two-page statement of suitability and two-page CV (no more than four sides of A4 in total). Please refer to the assessment criteria in your CV and statement of suitability. You should save the document as ‘Surname, Initial – URN580 IDAB’.

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.

Attachments
IDAB Members - Candidate Pack - August 2022 (007)
BEIS-Public-Appointments-Privacy-Notice (1)

This post is NOT regulated by The Commissioner for Public Appointments.

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