Limerick billionaire JP McManus is to spend €32 million on third-level scholarshipsIrish Times for more than 1,000 students from less well-off backgrounds over the next decade.

The scholarship programme will be open to 125 high-achieving students from low-income families annually in the North and the Republic.

The value of each scholarship is set at €6,750 per year (or stg£5,500 in the North) and continues for the duration of the undergraduate programmes chosen by the scholarship winners.

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