On Air Mannin Line Andy Wint | Noon - 1:00pm

Local firm offers £1m boost to ICT university


A Ramsey company has emerged as the latest investor in the project to establish an ICT university in the Isle of Man.

David and Alison Dorricott of AFD Software have pledged £1 million towards the development of an International Centre for Technology at the Nunnery near Douglas.

The body behind the venture the Manx Educational Foundation has to raise a total of 12.5 million in order to purchase and develop the site.

The AFD contribution takes the total raised from investors in the project to £7 million. In Tywnald this month Education Minister Tim Crookall confirmed another £2m had been raised through a loan from social enterprise institution CAF Bank. 

The university venture aims to provide Island businesses with highly skilled ICT professionals, attracting students from on and off-Island.

The MEF has an agreement with government to buy the Nunnery and a deadline to raise the remaining £3.5 million has recently been extended until the end of June. 

David Dorricott says he's confident his firm's contribution will assist the Island's business community long-term:  


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