Edinburgh Napier Opportunities Fund
Template with Guidance
NAME OF OPPORTUNITY
Proposer:
Role of proposer:
Date:
Version:
Version: (insert version number)
Author: (insert author details)
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1.
PURPOSE
State simply and clearly what the opportunity is in support of: typically – ‘this is to seek approval to
start /stop/expand/reduce …. for £…. on …. in support of …’
2.
STRATEGIC CONTEXT
Please provide an overview of the context within which the investment will be made. In other
words, the strategy, work programme, service, project or operation, which the investment supports.
If it is a change to our academic provision or envisages commercial income, provide an overview of
the market demand, context and competition.
Provide an overview on how it will contribute to Strategy 2020 aims:
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Grow our academic reputation
Deliver an excellent personalised student experience
Build innovation, enterprise and citizenship
Internationalise our work
Provide an overview as to how it will contribute to our Academic Themes where relevant
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3.
Innovative Sustainable Communities
Wellbeing
Information Society
FUNDING AND AFFORDABILITY
Please summarise the content of the financial template, including:
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The capital and revenue costs of the proposed investment
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How the investment will be funded
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Any affordability gap (if appropriate)
Rating 1 Template
Financials
Please note that Day 0 is the up-front cost, not a whole year. And all amounts are in £’000.
A five-year horizon has been chosen on the basis that it should be long enough for opportunities to
show a very healthy return, particularly given the requirement for a high degree of certainty that it
will add to University income no later than September 2015 (or January 2016 where appropriate).
4.
BENEFITS
Please provide a summary of the main benefits associated with the investment, distinguishing
between:
Quantifiable
Version: (insert version number)
Author: (insert author details)
Non-quantifiable
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Financial Benefits which will generate
income and/or save money
Nonfinancial
5.
Benefits which we can measure
but which will not save money
(e.g. time saving but we retain
the staff, fewer errors, fewer
complaints, shorter delays…)
Benefits which should save us
money but the amount is very hard
to predict now - e.g. future cost
avoidance
Traditional ‘softer’ benefits around
culture, compliance
RISKS
Please provide a summary of the main risks associated with the opportunity and their severity. Risk
categories include staff, student, reputational and commercial (legal and financial) risks.
Version: (insert version number)
Author: (insert author details)
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6.
TIMESCALES
Completion
Date:
Milestone:
Opportunity approved
Procurement completed (if applicable)
Project / Change scoped
Project / Change implemented
Project / Change completed
7.
HEAD OF SCHOOL SUPPORTING STATEMENT
Why supportive. Comment why not included in school business plan and level of
prioritisation is has / should be given
8.
APPROVALS
Approval requirements are set out in the University’s Financial Regulations, the relevant section of
which is attached at Appendix A
Bid submitted by:
Date:
Bid approved by:
Faculty Business Manager:
Date:
Head of School:
Date:
IT (for IT bids only):
Date:
HR (for staffing impact only):
Date:
ULT Member(s)
Date:
Chief Executive:
Date:
Version: (insert version number)
Author: (insert author details)
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APPENDIX A
Version: (insert version number)
Author: (insert author details)
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