Industrial Development Advisory Board, Members
|Body:||Department for Business, Energy and Industrial Strategy|
|Appointing Department:||Department of Business, Energy and Industrial Strategy|
|Sector:||Business, Finance & Skills|
|Location:||London; virtual for the foreseeable future|
|Number of Vacancies:||2|
|Remuneration:||Board Members are unpaid. However, reasonable travel and subsistence costs incurred in the line of IDAB business will be reimbursed.|
|Time Requirements:||Board Members need to commit approximately two days a month to read papers and attend meetings|
Closed for Applications
Final Interview Date
Deputy Director, Economic Shocks, Business Intelligence and Sponsorship
Chair of 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 successful candidate will be able to demonstrate that they have shown from previous roles elsewhere in the public or private sector the qualities, skills and experience to meet all the essential criteria relevant to this role.
As a member on the Industrial Development Advisory Board (IDAB), you will have a statutory role 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 the IDAB, the function is to bring independent oversight, support and constructive challenge. 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 the Industrial Strategy, specific sector deals and the Digital Strategy.
It is essential that the candidate demonstrates:
- A strong record of success in their chosen field;
- Working knowledge of corporate and investment finance;
- The ability to analyse complex situations and draw reasonable conclusions;
- Experience of working at Board level, in the public or private sector;
- A collaborative mindset and ability to work as part of a team to achieve objectives.
It is desirable that the candidate demonstrates:
- 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.
The closing date for applications is 11pm on 21 March 2021
Please tailor your application to show how you meet the criteria listed. You should set out in your supporting statement your suitability for the role and how you meet the essential and desirable criteria set out in the person specification.
If you are shortlisted, due diligence will be carried out and your referees are likely to be contacted.
You will be asked to prepare some identification documents if you are invited to an interview – further information will be provided closer to the time.
Interviews are likely to be held remotely through Microsoft Teams.
How to Apply
For us to progress your application, you must submit both of the following documents before 11pm on 21 March 2021. You must submit:
- a curriculum vitae; and
- a supporting statement
by email, with the subject ‘IDAB, NED’ to firstname.lastname@example.org.
If you do not submit both a curriculum vitae and a supporting statement by 11pm. on 21 March 2021, your application will not be progressed any further. Late applications will not be accepted.
We also ask that you complete a diversity monitoring form, which can be found here.
Your curriculum vitae and supporting statement must each be no longer than two pages in length. If you submit documents which are longer than two pages, any information not contained within the first two pages of each document will be disregarded and will not be seen by the assessment panel.
If you experience problems accessing or completing the diversity monitoring form or if you have any questions about the application process, please contact Joshua Sweet at email@example.com.
|IDAB Members x 2 - Candidate Pack|
This post is NOT regulated by The Commissioner for Public Appointments.