“ICFP is an important way to review a school’s financial and resource management planning and use against its widest curriculum delivery aims. It helps integrate a school or trust’s teaching and learning ambitions with appropriate strategic consideration for the financial resources available.”

^{Institute of School Business Leadership (ISBL)}

The Institute of School Business Leadership (ISBL) state “ICFP stands for Integrated Curriculum Financial Planning. It helps a school use resources as effectively and efficiently as possible. It does so by systematically analysing all aspects of the educational provision within a school setting to ensure that financial management planning ensures an appropriate balance in the allocation and expenditure of resources. ICFP is an important way to review a school’s financial and resource management planning and use against its widest curriculum delivery aims. It integrates the school and trust’s teaching and learning ambitions and financial resource management into one approach. ICFP uses a reasonably simple set of metrics that assist with collaborative decision-making across the leadership triangle, requiring involvement from school business professionals, senior pedagogical leaders and governors/trustees. It is important to mention that ICFP isn’t a new idea and many schools use it to a greater or lesser extent. It isn’t a reaction to a difficult financial situation but should be used as a proactive way of planning and using resources efficiently. There is no prescribed way of implementing ICFP, but there are several well-established approaches in use in the sector.”