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Staff

The principal members of our staff of economists, defence strategists, defence procurement experts, and business modellers are:


Gerard Gray, Director

 

Gerard Gray is an ex-British government economist who has spent the last 20 years consulting government organisations and the private sector.

He has carried out many assignments with the UK government, including for the Cabinet Office, MOD, DOH, DWP, HMRC, Invest in Britain Bureau, Scottish Enterprise, and WDA. His international public sector projects include those for the European Parliament, European Commission, CzechInvest, and the Canadian and Greek governments. Most of his public sector work involves business modelling, investment appraisal, and programme evaluation.

 

His private sector work encompasses a number of UK utility companies (Centrica, Northern Electricity, SWEB); FMCG (Bass); defence contractors (BAES, Thales, Lockheed Martin); and health service companies (BUPA). This private sector work involves strategy, market entry studies, and business advice on major government procurements.


Gerard holds first class honours in economics from the University of Birmingham and an MBA (with distinction) from London Business School. He also owns a children’s nursery business in South West England.




Neil Davies, Economic Director

 

Neil Davies is a very highly skilled economist with 33 years’ experience in Government and four years as a consultant.

He has extensive experience of using professional tools and techniques applied to economic regulation and understanding of market design from his work at MOD on successive reviews of the Government Profit Formula and considerable Appraisal and Evaluation work in central Government, applying the HM Treasury Green Book, which he originally contributed to.


He was Chief Economist for the Ministry of Defence (MOD) from 1996 to 2012, and he was the MOD’s chief value for money scrutineer for 13 years, dealing with all major spending projects requiring central approval and advising Ministers and senior MOD officials how wider economic issues related to the defence sector—such as trade, employment, and technology—should be handled.

 

Neil has excellent understanding of the main UK economics departments thanks to 16 years’ membership of the Government Economic Service Board and close bilateral collaboration with parts of HM Treasury and BIS. 

 

As the Health and Safety Executive’s (HSE) Chief Economist for six years, Neil acquired a high level of understanding of the political dimensions of operating within a regulated sector. During that time, he was secretary to the HSE group that drafted “Tolerability of Risk from Nuclear Power Stations.” Before working at HSE, he was a UK government economist in the Employment and Education departments.


Since April 2012 he has worked on a variety of commissions, including a Strategic Energy Report for the MOD, providing training in Defence Resource Management for senior finance staff of the Brunei Ministry of Defence, and completing a major commission with the Office of National Statistics to develop a concept of analysis for appraising the benefits of alternatives to the Census and providing technical assistance to the evaluation of the 2011 Census. He recently worked for Polaris Consulting on a study for MOD DSTL on applying Real Options to value the Defence Research Programme and for BFI on the Economic Case for a new film centre at Southbank to go into the OBC for DCMS and HM Treasury.

Neil is developed vetting (DV) cleared. He has an MA in economics from King’s College, Cambridge, and MSc in Economics from Queen Mary College, London. He lives in Wimbledon, South West London.

 

John Walls, Managing Consultant

 

John Walls has 15 years’ experience within government (as an economist) and a further nine years as a consultant.

He is an expert in modelling particularly for investment appraisal and in forecasting, sensitivity analyses and risk. He has worked with four government departments, including the MOD, and also for major private sector companies. John’s analytical work has encompassed modelling, statistical, and financial assessment in many important contexts, including the government’s student loan portfolio, energy security, and a wide range of defence-related issues.

 

Major work has involved detailed investment appraisal and cost modelling, econometric modelling, commercial assessment, and risk and uncertainty assessment. John is an expert in model quality assurance and is a contributor to HMT’s “Aqua Book” on analytical quality assurance, and (whilst advising MOD) was part of the government working group responding to the Macpherson Review of business critical models.

A resident of Crystal Palace in South London, John has a 2.1 BA (Hons) in Economics from the University of Sussex and an MSc in Economics from the University of London. He is security cleared until 2023.

 

 

Principal Consultants

 

Richard Jones

 

Richard Jones is a Principal Consultant with Defence Economics, Ltd where he has acted as a scrutineer/validator of various type of complex financial cost models primarily through his work with MOD’s Cost and Analysis Service (CAAS).

 

His expertise lies not only in validation of financial cost modelling but in modelling itself, particularly for investment appraisal, forecasting, and risk. He has worked within several MOD departments, carrying out a range of project accounting tasks and in-year planning, budgeting, and forecasting (PB&F).

 

Prior to consulting, Richard was a Management Accountant with Management Accountancy Services (Army) (MAS(A)). As an ex-Army accountant he has provided financial support on strategic level defence projects and financial consultancy services across MOD.

 

Kenny Pettigrew


Kenny Pettigrew is a Principal Consultant with 24 years’ military experience, five of those as a Management Accountant with Management Accountancy Services (Army) MAS(A) and a further one year as a contractor to the MOD.


Since qualifying as a Management Accountant six years ago Kenny has gained a broad range of experience within MOD strategic projects and services. He is extremely versatile with exceptional analytical capabilities. 

 

He has a proven record of delivering clear strategic recommendations on complex issues in high profile, time pressurised roles. Kenny is a highly motivated and dynamic professional, decisive in stressful situations and capable of making clear informed judgements that add value to strategic level decisions.


Kenny has Developed Vetting (DV) clearance until 2018 and is an Associate Member of the Chartered Institute of Management Accountants (CIMA). He lives in a rural community near Cheltenham, Gloucestershire.

 

Jon Purvey


Jon Purvey has 10 years’ experience within government as a Management Accountant and a further five years as a consultant. He is an expert in cost modelling—particularly for investment appraisal—and in forecasting, sensitivity analyses, and risk and uncertainty assessment. He has worked within the MOD, for major private sector companies, and on modelling and financial assessment for many important defence projects.

 

With more than six years’ experience working in the defence industry, Chris Dickens is an expert in the cost estimating of major defence programmes. 

 

Currently, he has a consulting role as lead cost estimator for the UK’s Naval Design Partnership. He is experienced in the design and development of complex costing tools—using MS Excel, MS Access, and Visual Basic—and in the development of robust cost estimates. 

 

Chris has worked during SDSR on the whole life costs of the land vehicles fleet, as well as on the Type 26 Global Combat Ship programme, managing the whole life cost model with responsibility for developing and capturing cost estimates and assumptions.

 

Tim Knox


Tim Knox is a Royal Engineer who has developed an expertise as a consultant in cost forecasting, data visualisation, and cost database design and development. He is an expert user of MS Excel, MS Access, and Visual Basic and has three years’ recent experience of the UK submarines programme.

 

Defence Economics is actively recruiting for senior and associate consultants at our Cheltenham offices. We offer an excellent package and superb working environment. CLICK HERE FOR MORE.