Local business figures David and Alison Dorricott have invested £1 million on the International Centre for Technology (ICT) University.
The sum takes the funds raised by the Manx Educational Foundation (MEF) to £7 million and it needs £5.5 million more for the project to go ahead at the Nunnery.
Mr Dorricott is a director of Ramsey-based AFD Software.
{http://www.iomtoday.co.im/news/250-000-goes-to-charities-from-afd-1-5206936|Mr Dorricott’s company has given hundreds of thousands of pounds to charity in the past. Click here for a reminder.}
{http://www.iomtoday.co.im/news/isle-of-man-news/governor-supports-education-foundation-1-5834740|A previous story about the MEF,}