Capital Investment Planning Group
Committee description
Secretary: Katie Blundell, Email: katherine.blundell@liverpool.ac.uk
Terms of Reference
On behalf of the Senior Leadership Team, the Capital Investment Planning Group will:
- Oversee the management of the University capital investment plan (the “Capital Plan”) – estate, IT and equipment ensuring alignment with agreed strategic and planning objectives;
- In relation to projects already identified in the Capital Plan, under delegated authority:
- Approve expenditure on capital equipment cases up to a value of £2m.
- Approve capital investment cases related to land and buildings up to a value of £2m.
- Report periodically to the Senior Leadership Team on decisions made.
- Receive and review annual reports on the estate, equipment, student accommodation and funding;
- Ensure that investment planning aligns fully with sustainable development objectives;
- Monitor performance and provide oversight of agreed investment plans and key developments against aims, objectives and targets;
- Review and make recommendations on business investment cases (land and buildings) ensuring that proposals are fully aligned with University planning priorities and that the benefits, whole life costs and risks are fully and clearly identified;
- Make recommendations for changes to the planned investment programme to meet changing needs and priorities within the agreed financial framework;
- Ensure effective development of frameworks, policies and procedures relating to Capital Investment Planning and Governance.
- Receive an annual report from the Capital Programme Board.
Reporting Relationships
The Capital Investment Planning Group reports to the Planning Group, and the Senior Leadership Team and through to the Finance and Resources Committee.
In the event of any overlap of duties between CIPG and the Digital Investment Portfolio Group, either committee can review these matters, but must report back to the other committee on the decision made.
Frequency of Meetings
The Capital Investment Planning Group usually meets on five occasions during the academic year.
Quorum
The quorum for meetings of the Capital Investment Planning Group shall be half of the membership.